KKR Group plans to price add-on to 5.125% bonds due June 2044

By Aleesia Forni

Virginia Beach, March 11 – KKR Group Finance Co. III LLC is planning to sell an add-on to its existing 5.125% senior notes due June 1, 2044, according to a company news release.

The original $500 million issue was sold with a spread of 180 basis points on May 21, 2014.

The notes will be sold via Rule 144A and Regulation S.

KKR intends to use the proceeds from the offering for general corporate purposes, including to fund acquisitions and investments.

There is a guarantee by New York City-based parent company KKR & Co. LP, along with subsidiaries KKR Management Holdings LP, KKR Fund Holdings LP and KKR International Holdings LP.

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