KKR & Co (KKR) just unveiled an update.
KKR Group Partnership L.P. and Kohlberg Kravis Roberts & Co. L.P., subsidiaries of KKR & Co. Inc., have secured a $2.75 billion multicurrency revolving credit facility, with options to increase it to $3.50 billion. This five-year agreement allows for flexible corporate financing, with provisions for extension, prepayment, and currency options, alongside interest rates tied to a corporate ratings-based grid. The credit facility, supported by robust covenants and guarantees from KKR & Co. Inc., underlines the company’s strategic financial management and commitment to maintaining strong leverage and asset management thresholds.
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