By Devika Patel and Cristal Cody
Knoxville, Tenn., May 11 – KKR Group Finance Co. XII LLC sold $750 million of 4.85% senior notes due May 17, 2032 on Tuesday, according to additional details of the issuance from a market source.
The notes were sold at a spread of 190 basis points over Treasuries versus talk in the Treasuries plus 210 bps area.
The notes are guaranteed by KKR & Co. Inc. and KKR Group Partnership LP.
J.P. Morgan Securities LLC, KKR, Morgan Stanley & Co. LLC, MUFG and Wells Fargo Securities LLC were the bookrunners.
Proceeds from the Rule 144A and Regulation S offering will be used for general corporate purposes.
KKR is a New York-based global investment firm.
| Issuer: | KKR Group Finance Co. XII LLC
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| Guarantors: | KKR & Co. Inc. and KKR Group Partnership LP
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| Amount: | $750 million
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| Issue: | Senior notes
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| Maturity: | May 17, 2032
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| Bookrunners: | J.P. Morgan Securities LLC, KKR, Morgan Stanley & Co. LLC, MUFG and Wells Fargo Securities LLC
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| Coupon: | 4.85%
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| Spread: | Treasuries plus 190 bps
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| Trade date: | May 10
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| Distribution: | Rule 144A and Regulation S
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| Price talk: | Treasuries plus 210 bps area
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