01—Abstract
Summary
Summary of the 8-K filed July 31, 2026. Cited figures are marked; the original filing is the authoritative source.
KKR & Co. Inc. (KKR) has entered into a Fourth Amended and Restated Credit Agreement, establishing a new $3.0 billiona senior unsecured multicurrency revolving credit facility.
This facility, which can be increased by an additional $750 millionb under certain conditions, provides KKR with significant financial flexibility for general corporate purposes. The agreement is a five-year term, maturing in July 2031, with options for borrowers to extend, and allows for prepayment without penalty, underscoring the company's proactive debt management strategy. The new credit facility is guaranteed by KKR & Co. Inc. and includes key financial covenants, such as a maximum leverage ratio (excluding Global Atlantic Financial Group) of 4.0x covenant EBITDA and a minimum of $195 billion in fee-paying assets under management.
These covenants demonstrate KKR's commitment to maintaining a strong balance sheet and operational scale. The facility's pricing is tied to KKR's corporate ratings, offering favorable terms as ratings improve.
02—Key points
Key Highlights
- Established a new $3.0 billion senior unsecured multicurrency revolving credit facility.
- Option to increase the facility by an additional $750 million, subject to lender consent.
- Five-year term, maturing on July 30, 2031, with borrower options to extend maturity.
- Borrowings are available for general corporate purposes and can be made in multiple currencies.
- KKR & Co. Inc. provides a guarantee for the credit facility.
- Financial covenants include a maximum leverage ratio of 4.0x covenant EBITDA (excluding Global Atlantic) and a minimum of $195 billion in fee-paying assets under management.
- Borrowers can prepay, terminate, or reduce commitments at any time without penalty.
03—Questions
Frequently Asked Questions
What is the primary purpose of this new credit facility?
The new credit facility is primarily intended for KKR's general corporate purposes, providing the company with financial flexibility and liquidity for its ongoing operations and strategic initiatives.
What are the key financial health metrics KKR must maintain under this agreement?
KKR must maintain a maximum leverage ratio of 4.0x covenant EBITDA, excluding the indebtedness of its Global Atlantic Financial Group subsidiaries. Additionally, the company must maintain at least $195 billion in fee-paying assets under management.
What is the maturity date of this credit facility and are there extension options?
The credit facility is scheduled to mature on July 30, 2031. KKR has the option to extend the maturity date, subject to obtaining the consent of the lenders.
Does this new credit agreement impact KKR's existing debt structure or financial obligations significantly?
This filing indicates an amendment and restatement of a prior credit agreement, suggesting an evolution of KKR's existing credit facility rather than the creation of entirely new, unassociated debt. The new terms, including the facility amount and covenants, are now in effect.
04—Continue