Published on 11/17/2017 in the Prospect News Investment Grade Daily.
New Issue: KKR Financial Holdings places $125 million add-on to 5.5% 15-year note
By Devika Patel
Knoxville, Tenn., Nov. 17 – KKR Financial Holdings LLC sold $125 million of 5.5% senior notes due March 2032 in a Rule 144A offering placement on Nov. 17, according to an 8-K filed with the Securities and Exchange Commission. The company previously issued $375 million of identical notes on March 30.
KKR Financial is a San Francisco-based specialty finance company externally managed by KKR Financial Advisors LLC.
| Issuer: | KKR Financial Holdings LLC
|
| Issue: | Senior notes, add-on
|
| Amount: | $125 million
|
| Maturity: | March 30, 2032
|
| Coupon: | 5.5%
|
| Call: | Make-whole call at Treasuries plus 50 basis points before March 30, 2022, then at par
|
| Settlement date: | Nov. 17
|
| Distribution: | Rule 144A
|
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