KKR Private Equity Conglomerate LLC: debt financing — KKR Private Equity Conglomerate enters $300M affiliate credit line, appoints new COO, amends LLC agreement

certain wholly-owned subsidiaries of KKR Private Equity Conglomerate LLC (the “Company”), as may be added and removed from time to time (the “Borrowers”), entered into an unsecured, uncommitted line of credit (the “Credit Agreement”) up to a maximum aggregate principal amount of $300 million with KKR Alternative Assets LLC (the “Lender”), an affiliate of the Company. The line of credit expires on December 20, 2024, subject to six-month extension options requiring the Lender’s approval. The interest rate is the then-current rate offered by a third-party lender or, if no such rate is available, SOFR applicable to such loan plus 3.50%.

On December 19, 2023, the Company appointed Michael Whyte as Chief Operating Officer.

Effective December 19, 2023, Mr. Whyte succeeded Racim Allouani who has ceased to serve as Chief Operating Officer of the Company.

On December 14, 2023, the Third Amended and Restated Limited Liability Company Agreement (the "Third A&R LLCA") of the Company was executed, which amended and restated the Company’s Second Amended and Restated Limited Liability Company Agreement, dated as of November 7, 2023. The amendment and restatement effects certain changes, including, among other things, (i) an update to certain conversion terms of the Company’s Class R-S Shares, Class R-U Shares and Class R-I Shares; (ii) the removal of the automatic conversion for Class R-D Shares and (iii) a change in the definition of "Company Expenses."