Simpson Thacher Represents KKR Financial Holdings LLC in Offering of Common Shares
12.15.10
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The Firm represented KKR Financial Holdings LLC (NYSE: KFN) in a registered offering of 18,000,000 common shares, resulting in aggregate gross proceeds of approximately $162 million. Morgan Stanley & Co. Incorporated underwrote the offering.
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, Philip Davidson, E. Ryan Coombs and Kelli Schultz (Corporate), and Jennie Getsin (FINRA). Paralegal Krushna Merchant also provided valuable assistance.