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KKR Financial issues 7.2 million shares for $15.7 million of 7% convertible notes due 2012
By Jennifer Chiou
New York, Aug. 6 - KKR Financial Holdings LLC completed two exchange transactions in June under which it issued 7.2 million shares in exchange for $15.7 million of its 7% convertible senior notes due 2012, according to a 10-Q filing with the Securities and Exchange Commission.
As a result, the company said it recorded a gain of $6.9 million in the second quarter.
San Francisco-based KKR Financial Holdings is a specialty finance company.
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