By Cristal Cody
Tupelo, Miss., April 14 – KKR & Co. Inc. subsidiary KKR Group Finance Co. VI LLC priced a $250 million reopening of its 3.75% senior notes due July 1, 2029 (A/A) on Tuesday at a spread of 306.2 basis points over Treasuries, according to a market source and a news release.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC were the bookrunners of the Rule 144A and Regulation S offering.
The notes will have the same terms as the existing issue.
KKR originally sold $500 million of the notes on June 17, 2019 at a spread of 170 bps over Treasuries. The total outstanding is now $750 million.
The notes are guaranteed by KKR & Co. Inc. and subsidiary KKR Group Partnership, LP.
Proceeds from the reopening will be used for general corporate purposes.
KKR is a New York-based global investment firm.
| Issuer: | KKR Group Finance Co. VI LLC
|
| Guarantors: | KKR & Co. Inc. and subsidiary KKR Group Partnership, LP
|
| Amount: | $250 million reopening
|
| Description: | Senior notes
|
| Maturity: | July 1, 2029
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC
|
| Coupon: | 3.75%
|
| Spread: | Treasuries plus 306.2 bps
|
| Trade date: | April 14
|
| Ratings: | S&P: A
|
| Fitch: A
|
| Distribution: | Rule 144A and Regulation S
|
| Total outstanding: | $750 million, including $500 million of notes priced June 17, 2019 at a spread of 170 bps over Treasuries
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
