KKR Completes Inaugural Global Yen Notes Offering
03.26.18
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Simpson Thacher represented KKR in connection with the issuance of ¥25 billion aggregate principal amount of 0.509% Senior Notes due 2023, ¥5 billion aggregate principal amount of 0.764% Senior Notes due 2025 and ¥10.3 billion aggregate principal amount of 1.595% Senior Notes due 2038 by KKR Group Finance Co. IV LLC, an indirect finance subsidiary of KKR & Co. L.P. KKR intends to use the net proceeds from the offering for general corporate purposes, including to fund potential acquisitions and investments in Japan. This is the first global yen offering by KKR.
The Simpson Thacher team for the transaction included Joe Kaufman, Arjun Koshal and Davis Mahon (Capital Markets); Morgan Otway (Tax); and Jeanne Annarumma (Executive Compensation and Employee Benefits).