KKR Enhanced US Direct Lending Fund-L Inc.: debt financing — KKR Enhanced US Direct Lending Fund-L enters $200M revolving credit facility and issues $40M in shares to affiliate

KKR Enhanced US Direct Lending Fund-L Inc.

Revolving credit facility of up to $200M; borrowings priced at 3M SOFR + 1.85% until April 2028, then +2.35%.
Maturity date April 11, 2030; revolving period ends April 11, 2028; non-usage fee 0.50%-1.00%.
Credit facility is non-recourse to the fund; secured by assets of special purpose subsidiary KKR Funding II.
Company issued 38,335 shares to affiliate KKR Enhanced US Direct Lending Fund-L Holdings for $40M on April 1, 2025.
Shares sold in continuous private offering under Section 4(a)(2) and Regulation D. No registration.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

KKR Enhanced US Direct Lending Fund-L Inc. incurred revolving credit of $200,000,000 with BNP Paribas at three-month term SOFR, subject to a floor of 0% per annum, plus an applicable ma maturing April 11, 2030.

Instrument: revolving credit
Principal: $200,000,000
Counterparty: BNP Paribas
Rate: three-month term SOFR, subject to a floor of 0% per annum, plus an applicable ma
Maturity: April 11, 2030
Event: incurrence

Exact text from the filing

The Revolving Credit Facility provides for, among other things, borrowings in U.S. dollars or certain other permitted currencies in an initial aggregate amount of up to $200,000,000.

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Source: SEC EDGAR

accession 0002012839-25-000018

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