KKR & Co. Inc. (KKR): debt financing — KKR capital markets subs replace $750M 364-day revolver; matures April 2024

KKR & Co. Inc.

New $750M 364-day revolving credit facility expires April 5, 2024.
Interest rates based on term SOFR, EURIBOR, or SONIA plus margin of 1.50%-2.75%.
Prior $750M revolver dated April 8, 2022 terminated on April 7, 2023.
Borrowings used solely to settle debt transactions syndicated by KKR's capital markets business.
Obligations non-recourse to other KKR entities; secured by borrower assets.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

KKR & Co. Inc. incurred revolving credit of up to $750 million with Mizuho Bank, Ltd., as administrative agent at SOFR plus 1.50% to 2.75% maturing April 5, 2024.

Instrument: revolving credit
Principal: up to $750 million
Counterparty: Mizuho Bank, Ltd., as administrative agent
Rate: SOFR plus 1.50% to 2.75%
Maturity: April 5, 2024
Event: incurrence

Exact text from the filing

with a later maturity (the “Agreement”) with Mizuho Bank, Ltd., as administrative agent, and the lenders party thereto. The Agreement provides for revolving borrowings of up to $750 million, expires on April 5, 2024 and ranks pari passu with the existing $750 million revolving credit facility provided by them for KKR’s capital markets business. The prior 364-day

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Source: SEC EDGAR

accession 0001140361-23-018077

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