By Cristal Cody
Tupelo, Miss., Feb. 18 – KKR & Co. Inc. subsidiary KKR Group Finance Co. VI LLC priced $500 million of 3.625% 30-year senior notes (A/A) at a spread of 165 basis points over Treasuries in a Rule 144A and Regulation S offering on Tuesday, according to a market source and a news release.
The notes were talked to price at the Treasuries plus 165 bps area.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC were the bookrunners.
The notes will be guaranteed by KKR & Co. Inc. and subsidiary KKR Group Partnership LP.
Proceeds 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: | $500 million
|
| Description: | Senior notes
|
| Maturity: | Feb. 25, 2050
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC
|
| Coupon: | 3.625%
|
| Spread: | Treasuries plus 165 bps
|
| Trade date: | Feb. 18
|
| Ratings: | S&P: A
|
| Fitch: A
|
| Distribution: | Rule 144A and Regulation S
|
| Price guidance: | Treasuries plus 165 bps area
|
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