secwatch / observer
8-K filed April 8, 2024, 7:59 PM ET CIK 0001948056
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

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

KKR Infrastructure Conglomerate LLC incurred revolving credit of up to $150 million with Mizuho Bank, Ltd. at reference rate plus a spread of 2.25% or daily or term SOFR plus a spread of 3.2 maturing April 2, 2027.

Instrument
revolving credit
Principal
up to $150 million
Counterparty
Mizuho Bank, Ltd.
Rate
reference rate plus a spread of 2.25% or daily or term SOFR plus a spread of 3.2
Maturity
April 2, 2027
Event
incurrence
Exact text from the filing
On April 3, 2024 (the “Effective Date”), certain indirect subsidiaries (collectively, the “Borrowers”) of KKR Infrastructure Conglomerate LLC (the “Company”) entered into a revolving credit agreement (the “Agreement”) with Mizuho Bank, Ltd., as joint lead arranger, administrative agent, and collateral agent, KKR Capital Markets LLC, an indirect subsidiary of KKR & Co. Inc. and affiliate of the Company, as joint lead arranger, and the lenders party thereto. Under the Agreement, the lenders have agreed to make credit available to the Borrowers in an aggregate initial principal amount of up to $150 million as of the Effective Date, with an uncommitted accordion feature that would allow the Borrowers to increase the commitment to up to $1.0 billion in the aggregate.
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Source: SEC EDGAR
accession 0001140361-24-018632
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