debt
confidence high
sentiment neutral
materiality 0.50
KKR issues $550M of 6.875% subordinated notes due 2065; closing May 28
KKR & Co. Inc.
- Principal amount $550M; underwriters have 30-day option for additional $82.5M.
- Notes bear interest at 6.875% per annum, mature 2065.
- Guaranteed on a subordinated unsecured basis by KKR Group Partnership L.P.
- Underwriters include Wells Fargo, BofA, J.P. Morgan, Morgan Stanley, UBS, and KKR Capital Markets.
- Offering expected to close May 28, 2025, subject to customary conditions.
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