KKR Completes ¥60.5 Billion Senior Notes Offering
04.27.22
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Simpson Thacher represented KKR & Co. Inc. (NYSE: KKR) in connection with the issuance of ¥36.4 billion aggregate principal amount of 1.054% Senior Notes due 2027, ¥4.9 billion aggregate principal amount of 1.244% Senior Notes due 2029, ¥6.2 billion aggregate principal amount of 1.437% Senior Notes due 2032, ¥7.5 billion aggregate principal amount of 1.553% Senior Notes due 2034 and ¥5.5 billion aggregate principal amount of 1.795% Senior Notes due 2037 by KKR Group Finance Co. XI LLC, an indirect finance subsidiary of KKR & Co. Inc. KKR intends to use the net proceeds from the offering for general corporate purposes, including to fund its pending acquisition of Mitsubishi Corp.-UBS Realty Inc. announced on March 17, 2022 and potential future acquisitions and investments in Japan.
The Simpson Thacher team for the transaction included Joseph Kaufman, Sunny Cheong and Jieun Lim (Capital Markets); Marcy Geller and Michael Mann (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); and James Hahn (Registered Funds).