other material
confidence high
sentiment neutral
materiality 0.75
KKR Infrastructure Conglomerate ceases shell status, acquires interests in three companies via share issuance
KKR Infrastructure Conglomerate LLC
- Issued 5,012,360 Class U shares and 2,957,453 Class R shares for $126.4M and $73.9M respectively to third-party investors.
- Issued 17,760,519 Class E shares at $25 each to KKR Alternative Assets in exchange for ownership interests in Refresco Group, Albioma SA, and Pembina Gas Infrastructure.
- Company ceased being a shell company on June 1, 2023 upon contribution of these interests.
- Sales exempt under Section 4(a)(2), Regulation D, and Regulation S.