By LLuvia Mares
New York, Aug. 20 - KKR Financial Holdings LLC announced Monday a $230.4 million share offering and a $270.0 million common share rights offering.
The private placement consisted of a sale of 16,000,000 common shares at $14.40 per unit, which was the closing price on Aug. 17.
Purchasers of the common shares include Farallon Capital Management, LLC, Fir Tree Partners, JGE Capital Management, Marsico Capital Management, Morgan Stanley, Oak Hill Advisors and Sageview Capital LP.
The company will use the proceeds for general corporate purposes.
In the rights offering, KKR Financial Holdings plans to distribute up to 18,750,000 non-transferrable common share rights at $14.50 per share. The rights expire Sept.19.
San Francisco-based KKR Financial Holdings is a specialty finance company.
Issuer: KKR Financial Holdings LLC
| Issue: | Shares
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| Amount: | $230.4 million
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| Units: | 16,000,000
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| Price: | $14.40
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| Pricing date: | Aug. 17
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| Warrants: | No
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| Investors: | Farallon Capital Management, LLC, Fir Tree Partners, JGE Capital Management, Marsico Capital Management, Morgan Stanley, Oak Hill Advisors and Sageview Capital LP
|
| Stock symbol: | NYSE: KFN
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| Stock price: | $14.40 at close Aug. 17
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