The Firm recently represented KKR Financial Holdings LLC (NYSE: KFN) in an offering of $172.5 million of 7.50% convertible senior notes due 2017, including the underwriters’ full exercise of their over-allotment options.
The underwriters were led by Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities Inc.
KKR Financial Holdings LLC is a publicly traded specialty finance company that invests across multiple asset classes, including corporate loans and debt securities, residential mortgage loans and mortgage-backed securities, real estate loans and debt securities, and asset-backed securities. KKR Financial Holdings LLC is managed by an affiliate of Kohlberg Kravis Roberts & Co. L.P.
The Simpson Thacher team for the transaction included: William Hinman, Ryan Nolan, Adam Bentley, Philip Davidson, Scott Mollett, Kelli Schultz and Michael Sullivan (Corporate), Justin Lungstrum (Credit), Sean Austin (Tax), David E. Wohl (Investment Management), Jennie Getsin (FINRA) and Stephanie Alessi (Paralegal).