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Prospect News home > News index > List of issuers K > Headlines for KKR Financial Holdings LLC > News item
Published on 9/20/2007 in the Prospect News Convertibles Daily.

KKR Financial cuts conversion price to $31.00 on 7% convertibles

By Devika Patel

Knoxville, Tenn., Sept. 20 - KKR Financial Holdings LLC announced that the conversion price of its 7% convertible senior notes due 2012 is being lowered to $31.00 per share from $32.175 per share.

The adjustment is due to the company's previously announced $270 million common share rights offering.

San Francisco-based KKR Financial Holdings is a specialty finance company.


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