KKR Completes $500 Million Subordinated Notes Offering
04.06.21
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Simpson Thacher represented KKR & Co. Inc. (NYSE: KKR) in connection with the issuance of $500 million aggregate principal amount of 4.625% Subordinated Notes due 2061 by KKR Group Finance Co. IX LLC, an indirect finance subsidiary of KKR & Co. Inc. KKR intends to use the net proceeds from the offering, along with cash on hand, to redeem one or more of the series of its outstanding Series A Preferred Stock and Series B Preferred Stock. Any remaining net proceeds will be used for general corporate purposes.
The Simpson Thacher team for the transaction included Joe Kaufman and Matt Petrone (Capital Markets); Marcy Geller and Joseph Tootle (Tax); and Jeanne Annarumma (Executive Compensation and Employee Benefits).