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KKR & Co (KKR) just unveiled an announcement.
KKR Group Finance Co. XI LLC, a subsidiary of KKR & Co. Inc., successfully completed an offering of senior notes ranging in value and maturity dates, with the total issuance comprising different tranches due between 2029 and 2054. Bearing varying interest rates from 1.559% to 3.008%, the notes are guaranteed by KKR & Co. Inc. and another subsidiary, with interest payable semi-annually. These unsecured and unsubordinated obligations come with covenants and redemption options, and while the issuer may use the proceeds for general corporate purposes, the notes were not registered under the Securities Act, implying limitations on their sale in the U.S. market.
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