KKR Issues $625M Subordinated Notes Due 2061
Ticker: KKRS · Form: 8-K · Filed: Jan 14, 2025 · CIK: 1404912
| Field | Detail |
|---|---|
| Company | Kkr & Co. Inc. (KKRS) |
| Form Type | 8-K |
| Filed Date | Jan 14, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing, subsidiary
Related Tickers: KKR
TL;DR
KKR just dropped $625M in new debt, maturing in 2061. Long-term play.
AI Summary
On January 14, 2025, KKR & Co. Inc. announced the issuance of $625 million in subordinated notes due 2061 by its subsidiary, KKR Group Finance Co. IX LLC. These notes are guaranteed by KKR & Co. Inc. and KKR Group Holdings L.P. The filing also confirms KKR & Co. Inc. is incorporated in Delaware and its principal executive offices are located at 30 Hudson Yards, New York, NY.
Why It Matters
This issuance of long-term debt provides KKR with capital for its operations and investments, potentially impacting its leverage and future growth strategies.
Risk Assessment
Risk Level: medium — Issuing subordinated debt increases financial leverage and introduces long-term interest payment obligations.
Key Numbers
- $625 million — Subordinated Notes Issued (KKR's subsidiary issued these notes due in 2061.)
- 2061 — Note Maturity Date (Long-term debt issuance by KKR.)
Key Players & Entities
- KKR & Co. Inc. (company) — Registrant
- KKR Group Finance Co. IX LLC (company) — Issuer of notes
- $625 million (dollar_amount) — Principal amount of subordinated notes
- 2061 (date) — Maturity date of notes
- January 14, 2025 (date) — Date of report and earliest event
- KKR Group Holdings L.P. (company) — Guarantor of notes
FAQ
What is the purpose of the $625 million in subordinated notes?
The filing does not explicitly state the purpose, but such issuances typically provide capital for general corporate purposes, including investments and operations.
Who is guaranteeing the subordinated notes?
The subordinated notes are guaranteed by KKR & Co. Inc. and KKR Group Holdings L.P.
What is the maturity date of the notes?
The subordinated notes issued by KKR Group Finance Co. IX LLC mature in 2061.
When was this Form 8-K filed and what is the earliest event reported?
This Form 8-K was filed on January 14, 2025, and the earliest event reported is also January 14, 2025.
What is the principal executive office address for KKR & Co. Inc.?
The principal executive offices of KKR & Co. Inc. are located at 30 Hudson Yards, New York, New York 10001.
Filing Stats: 920 words · 4 min read · ~3 pages · Grade level 11.7 · Accepted 2025-01-14 17:00:40
Filing Documents
- ef20041633_form8k.htm (8-K) — 32KB
- 0001140361-25-001073.txt ( ) — 204KB
- kkr-20250114.xsd (EX-101.SCH) — 4KB
- kkr-20250114_def.xml (EX-101.DEF) — 17KB
- kkr-20250114_lab.xml (EX-101.LAB) — 26KB
- kkr-20250114_pre.xml (EX-101.PRE) — 19KB
- ef20041633_form8k_htm.xml (XML) — 6KB
01
Item 7.01 Regulation FD Disclosure. On January 14, 2025, a subsidiary of KKR & Co. Inc. (together with its subsidiaries, "KKR") filed a complaint (the "KKR Complaint") in the U.S. District Court for the District of Columbia against Doha Mekki in her official capacity as Acting Assistant Attorney General of the United States for the Antitrust Division, the United States Department of Justice ("Antitrust Division"), the Federal Trade Commission ("FTC"), and the United States of America (collectively, the "Defendants") pertaining to the previously disclosed investigations conducted by the Antitrust Division with respect to the accuracy and completeness of certain filings made by KKR pursuant to the premerger notification requirements under the HartScottRodino Act of 1976 ("HSR Act") for certain transactions in 2021 and 2022. The KKR Complaint requests various forms of relief, including declaratory judgments that: (i) KKR did not violate the HSR Act; (ii) the Antitrust Division's and FTC's interpretations of the HSR Act are unconstitutionally vague; and (iii) the Antitrust Division seeks an excessive fine in violation of the U.S. Constitution. On January 14, 2025, the Antitrust Division filed a civil antitrust complaint (the "DOJ Complaint") in the U.S. District Court for the Southern District of New York against KKR and various KKR-sponsored investment entities (the "KKR Defendants") alleging violations of the HSR Act . The DOJ Complaint requests various relief for the alleged violations of the HSR Act by the KKR Defendants, including civil penalties in an amount to be determined and various equitable relief, including disgorgement and enjoining future violations of the HSR Act. KKR intends to vigorously defend against the DOJ Complaint. In connection with the KKR Complaint, KKR issued the following statement: Earlier today, we filed a complaint challenging the abuse of power and unconstitutional application of the HSR Act by the Antitrust Division of the Depart
01
Item 8.01 Other Events. The first two paragraphs under Item 7.01 above are hereby incorporated by reference into this Item 8.01.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KKR & CO. INC. Date: January 14, 2025 By: /s/ Christopher Lee Name: Christopher Lee Title: Secretary