The company issued 51,750,000 shares of its 6.25% Series D Mandatory Convertible Preferred Stock on March 7, 2025, with an aggregate liquidation preference of $2,587,500,000, in an underwritten public offering.

1. 01

   The company issued 51,750,000 shares of its 6.25% Series D Mandatory Convertible Preferred Stock on March 7, 2025, with an aggregate liquidation preference of $2,587,500,000, in an underwritten public offering.

2. 02

   KKR & Co. Inc. said the offering included 6,750,000 shares, with a liquidation preference of $337,500,000, issued after the underwriters exercised their over-allotment option in full. It said the net proceeds were approximately $2.53 billion, after deducting underwriting discounts and estimated offering expenses.

3. 03

   The company said the preferred stock carries cumulative dividends at an annual rate of 6.25% on the $50.00 per share liquidation preference, payable when, as and if declared by its board. It said dividends may be paid in cash or in common stock, and are payable quarterly starting June 1, 2025.

4. 04

   The company said the preferred stock will automatically convert into between 0.3312 and 0.4140 shares of common stock per share on the mandatory conversion date, expected to be March 1, 2028. It also said that while accumulated unpaid dividends remain, dividends on common stock and repurchases of common stock are restricted.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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