KKR Infra Conglomerate issues ~$262M unregistered equity, adds Class R-S shares

KKR Infrastructure Conglomerate LLC

Issued 6.2M Class U ($163.8M), 3.8M Class R ($98.5M), plus small lots of Class D and I shares as unregistered sales exempt under Reg D/S.
Third Amended LLC Agreement creates Class R-S shares with differentiated fees and automatic conversion to Class S if intermediary holdings <$100M after 12 months.
Removed requirement for distribution payment date to occur within 60 days of record date.
Revised Share Repurchase Plan adopted to include new Class R-S shares.

item 1.01 item 5.03 item 3.02 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

KKR Infrastructure Conglomerate LLC: Company executed its Third Amended and Restated Limited Liability Company Agreement, adding Class R-S Shares, removing automatic conversion feature of Class R-D Shares, and removing the 60-day distribution payment date requirement (effective 2023-09-25).

Change: charter amendment
Effective: 2023-09-25

Exact text from the filing

On September 25, 2023, the Company executed its Third Amended and Restated Limited Liability Company Agreement (the “Third A&R LLCA”), which amended and restated the Company’s Second Amended and Restated Limited Liability Company Agreement, dated as of May 26, 2023.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KKR Infrastructure Conglomerate LLC amended Amended and Restated Dealer-Manager Agreement with KKR Capital Markets LLC (effective 2023-09-25).

Action: amendment
Counterparty: KKR Capital Markets LLC
Effective: 2023-09-25

Exact text from the filing

On September 25, 2023, the Company entered into an Amended and Restated Dealer-Manager Agreement (the “A&R Dealer-Manager Agreement”) with KKR Capital Markets LLC (the “Dealer-Manager”)

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KKR Infrastructure Conglomerate LLC amended Amended and Restated Management Agreement with KKR DAV Manager LLC (effective 2023-09-25).

Action: amendment
Counterparty: KKR DAV Manager LLC
Effective: 2023-09-25

Exact text from the filing

On September 25, 2023, KKR Infrastructure Conglomerate LLC (the “Company”) entered into an Amended and Restated Management Agreement (the “A&R Management Agreement”) with KKR DAV Manager LLC (the “Manager”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-23-245713

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