Summary
KKR & Co. Inc. announced on February 18, 2020, through its indirect subsidiary KKR Group Finance Co. VII LLC, the successful pricing of a $500 million offering of 3.625% Senior Notes due 2050. These notes are fully and unconditionally guaranteed by KKR & Co. Inc. and KKR Group Partnership L.P., indicating a strong commitment from the parent entities. The proceeds from this debt issuance are intended for general corporate purposes, suggesting flexibility in the company's capital allocation strategy.
Key Highlights
- 1KKR priced a $500 million offering of 3.625% Senior Notes due 2050.
- 2The notes are issued by indirect subsidiary KKR Group Finance Co. VII LLC.
- 3KKR & Co. Inc. and KKR Group Partnership L.P. fully and unconditionally guarantee the notes.
- 4Proceeds from the offering are designated for general corporate purposes.
- 5The offering was conducted pursuant to Rule 144A and Regulation S.
- 6The notes have not been registered under the Securities Act of 1933.
Frequently Asked Questions
The primary purpose of this 8-K filing is to disclose the pricing of a new debt offering by a subsidiary of KKR & Co. Inc., specifically $500 million in Senior Notes due 2050.
KKR intends to use the net proceeds from the sale of these notes for general corporate purposes.
The 3.625% Senior Notes due 2050 are fully and unconditionally guaranteed by KKR & Co. Inc. and KKR Group Partnership L.P.
The notes were offered pursuant to Rule 144A and Regulation S, meaning they were not registered under the Securities Act of 1933. They may not be offered or sold in the United States unless registered or an exemption applies. This suggests a private placement primarily to institutional investors.