logo
KKR Prices $550,000,000 of 6.875% Subordinated Notes due 2065

KKR Prices $550,000,000 of 6.875% Subordinated Notes due 2065

Business Wire20-05-2025

NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. ('KKR') (NYSE: KKR) today announced that it has priced its previously announced offering of $550,000,000 aggregate principal amount of its 6.875% Subordinated Notes due 2065 (the 'notes'). The notes will be subordinated obligations of KKR and will be fully and unconditionally guaranteed by KKR Group Partnership L.P. The underwriters have a 30-day option to purchase up to an additional $82,500,000 aggregate principal amount of notes, solely to cover over-allotments, if any.
The offering is expected to close on May 28, 2025, subject to customary closing conditions.
KKR intends to use the net proceeds from the sale of the notes for general corporate purposes.
Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, UBS Investment Bank and KKR Capital Markets LLC are acting as joint book-running managers for the offering.
The offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (the 'SEC'). The offering is being made by means of a prospectus and related preliminary prospectus supplement only. An electronic copy of the preliminary prospectus supplement, together with the accompanying prospectus, is available on the SEC's website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus may be obtained by contacting the joint book-running managers: Wells Fargo Securities, LLC toll-free at 1-800-645-3751 or emailing wfscustomerservice@wellsfargo.com; BofA Securities, Inc. toll-free at 1-800-294-1322 or emailing dg.prospectus_requests@bofa.com; J.P. Morgan Securities LLC at 1-212-834-4533; Morgan Stanley & Co. LLC toll-free at 1-866-718-1649 or emailing prospectus@morganstanley.com; UBS Investment Bank toll-free at 1-833-481-0269; or KKR Capital Markets LLC at 1-212-230-9433.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities, and shall not constitute an offer, solicitation or sale of the notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, pertaining to KKR. Forward-looking statements relate to expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. These forward-looking statements can be identified by the use of words such as 'outlook,' 'believe,' 'think,' 'expect,' 'potential,' 'continue,' 'may,' 'should,' 'seek,' 'approximately,' 'predict,' 'intend,' 'will,' 'plan,' 'estimate,' 'anticipate,' visibility,' 'positioned,' 'path to,' 'conviction,' the negative version of these words, other comparable words or other statements that do not relate strictly to historical or factual matters. These forward-looking statements are based on KKR's beliefs, assumptions and expectations, but these beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or within its control. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. We believe these factors include those in the sections entitled 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. These factors should be read in conjunction with the other cautionary statements that are included in our periodic filings. Past performance is no guarantee of future results. All forward-looking statements speak only as of the date of this press release. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date of this press release except as required by law.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Boeing Just Pulled Off a 303-Plane Surprise -- And Airbus Should Be Worried
Boeing Just Pulled Off a 303-Plane Surprise -- And Airbus Should Be Worried

Yahoo

time14 minutes ago

  • Yahoo

Boeing Just Pulled Off a 303-Plane Surprise -- And Airbus Should Be Worried

Boeing (NYSE:BA) just landed its biggest monthly win in over a year303 aircraft orders in Mayright as the Paris Air Show looms large. A big chunk of that momentum came during former President Donald Trump's Middle East visit, where Boeing's jets once again became a centerpiece in international dealmaking. The headline order? A massive 150-jet deal from Qatar Airways, including 120 Dreamliners and 30 777X widebodies. The company also sold 146 of its 737 Max jets, though most of those buyers weren't namedhinting that demand might be stronger beneath the surface than many expected. Warning! GuruFocus has detected 6 Warning Signs with BA. This spike in orders couldn't come at a more pivotal moment. Boeing is still climbing out of a crisis triggered by a near-disastrous 737 Max incident earlier this year. Regulators have capped production at 38 jets a monthand Boeing just hit that limit in May at its Renton plant. The company also delivered 45 jets last month, showing signs that operational recovery is underway. With the Paris Air Show around the cornera critical battleground for aircraft ordersBoeing's recent traction could give it a firmer footing against Airbus, especially as Middle Eastern carriers double down on widebody expansion. That said, Airbus isn't sitting still. The European rival delivered 51 aircraft in May and is expected to come out swinging in Paris. But its own supply chain headachesespecially around engines and key componentsare putting pressure on full-year targets. Both Boeing and Airbus are staring down order backlogs that stretch into the 2030s. The real question now is which one can convert that backlog into cash flows faster, as the post-pandemic recovery tests every link in the aviation supply chain. Investors won't have to wait longParis could set the tone for the rest of the year. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Tencent Music shares rise after acquiring podcast giant Ximalaya
Tencent Music shares rise after acquiring podcast giant Ximalaya

Yahoo

time14 minutes ago

  • Yahoo

Tencent Music shares rise after acquiring podcast giant Ximalaya

-- Tencent Music Entertainment Group (NYSE:TME) shares rose 5.4% on Tuesday following news that the company will acquire Chinese podcast platform Ximalaya in a $2.4 billion cash-and-stock transaction. The deal, aimed at positioning Tencent Music as a dominant force in China's online audio sector, mirrors a broader industry shift toward diversified audio services, in line with global peers such as Spotify (NYSE:SPOT). According to a June 10 filing with the Securities and Exchange Commission, Tencent Music signed a definitive Agreement and Plan of Merger to acquire Ximalaya, pending regulatory approvals and customary closing conditions. Upon closing, Ximalaya will become a wholly owned subsidiary of Tencent Music, significantly expanding its footprint in China's rapidly growing podcast market. Ximalaya, one of the country's most popular audio platforms, boasts 303 million monthly users and serves as a major destination for podcasts, audiobooks, and livestream content. The merger, if finalized, would instantly elevate Tencent Music's user base and deepen its content offerings beyond music. The transaction includes $1.26 billion in cash and an equity component comprising Tencent Music Class A ordinary shares, representing up to 5.5686% of the Company's total issued and outstanding shares before closing. A portion of those shares, 0.37% of the total, will be distributed to Ximalaya founder shareholders post-closing, subject to conditions outlined in the agreement. Ximalaya will also undergo a restructuring of certain existing business units before the deal is completed, though full details of that process were not disclosed. Tencent Music emphasized that the restructuring and integration would support long-term synergistic value creation. The acquisition reflects Tencent Music's ongoing effort to evolve from a music-streaming platform to a broader digital audio enterprise. As competition rises and subscription growth slows in traditional streaming, players are increasingly looking to podcasting and user-generated audio to deepen engagement and create new monetization channels. Related articles Tencent Music shares rise after acquiring podcast giant Ximalaya Citi adds Qorvo and Skyworks Solutions to 90-day upside catalyst watch OpenAI to use Google cloud service alongside Microsoft Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Rosen Law Firm Urges Vestis Corporation (NYSE: VSTS) Stockholders With Losses in Excess of $100K to Contact the Firm for Information About Their Rights
Rosen Law Firm Urges Vestis Corporation (NYSE: VSTS) Stockholders With Losses in Excess of $100K to Contact the Firm for Information About Their Rights

Business Wire

time17 minutes ago

  • Business Wire

Rosen Law Firm Urges Vestis Corporation (NYSE: VSTS) Stockholders With Losses in Excess of $100K to Contact the Firm for Information About Their Rights

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action lawsuit on behalf of purchasers and acquirers of Vestis Corporation (NYSE: VSTS) securities between May 2, 2024 and May 6, 2025, inclusive (the 'Class Period'). Vestis provides uniform rentals and workplace supplies across the United States and Canada. For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653. The Allegations: Rosen Law Firm is Investigating the Allegations that Vestis Corporation (NYSE: VSTS) Misled Investors Regarding its Business Operations. According to the lawsuit, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Vestis' ability to grow its business; notably that Vestis would be unable to execute on planned strategic initiatives to drive purported improvements to the customer experience and its onboarding efforts in order to drive new customer growth, increased customer retention, and increased revenue from existing customers. When the true details entered the market, the lawsuit claims that investors suffered damages. What Now: You may be eligible to participate in the class action against Vestis Corporation. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by August 8, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store