other material
confidence high
sentiment neutral
materiality 0.55
KKR Private Equity Conglomerate LLC: debt financing — KKR Private Equity Conglomerate upsizes revolver to $750M, raises $331M in equity
KKR Private Equity Conglomerate LLC
- Revolving credit facility increased by $150M to $750M; maturity Dec 23, 2027; accordion feature up to $1.5B.
- Sold 5.3M Class U, 4.3M Class I, 0.5M Class D, and 32.6k Class S shares for total $331M in unregistered offering.
- Since Aug 2023, total equity sold ~$8.05B; Private Equity K-Series Platform total interests sold ~$14.16B.
- Joinder with Sumitomo Mitsui Banking Corp and KKR Capital Markets as joint lead arrangers.