secwatch.observer — SEC 8-K summary
======================================

Issuer:     KKR & Co. Inc. (KKR)
CIK:        0001404912
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0001140361-25-007608
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KKR issues $2.59B of 6.25% Series D Mandatory Convertible Preferred Stock
-------------------------------------------------------------------------

- Issued 51.75M shares at $50 liquidation preference per share, including full over-allotment exercise.
- Dividends cumulative at 6.25% annually, payable quarterly in cash or common stock; first payment June 1, 2025.
- Mandatory conversion on March 1, 2028 into 0.3312–0.4140 common shares per preferred share based on VWAP.
- While preferred outstanding, dividends and repurchases on common stock restricted unless all accumulated preferred dividends paid.
- Net proceeds of ~$2.53 billion; underwriting agreement with Morgan Stanley and KKR Capital Markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1404912/000114036125007608/0001140361-25-007608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1404912/000114036125007608/ny20042797x5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-007608

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer