debt
confidence high
sentiment neutral
materiality 0.55
KKR Infrastructure Conglomerate LLC: debt financing — KKR Infrastructure subsidiaries enter $150M revolving credit facility, expandable to $1B
KKR Infrastructure Conglomerate LLC
- Initial commitment of $150M with uncommitted accordion up to $1.0B.
- Maturity April 2, 2027; USD advances bear interest at reference rate+2.25% or SOFR+3.25%.
- Covenants require minimum asset coverage ratio of 3.75:1.00 and liquidity coverage ratio of 2.50:1.00.
- Obligations are non-recourse to KKR Infrastructure Conglomerate LLC and other KKR entities.
- Facility secured by pledge of certain accounts of the subsidiaries.