KKR & Co. said it completed the offering of $590,000,000 in aggregate principal amount of 6.875% Subordinated Notes due 2065 to May 28, 2025. $40,000,000 of that amount was issued after the underwriters partially exercised their option to purchase additional Notes to cover over-allotments.

1. 01

   KKR & Co. said it completed the offering of $590,000,000 in aggregate principal amount of 6.875% Subordinated Notes due 2065 to May 28, 2025. $40,000,000 of that amount was issued after the underwriters partially exercised their option to purchase additional Notes to cover over-allotments.

2. 02

   The company said the Notes bear interest at 6.875% a year and mature on June 1, 2065. Interest is payable quarterly in arrears starting on September 1, 2025. The Notes are unsecured subordinated obligations, and subsidiary KKR Group Partnership L.P. guarantees them on a subordinated unsecured basis.

3. 03

   KKR & Co. said it may redeem the Notes in whole or in part on or after June 1, 2030 at par plus accrued and unpaid interest. If the Notes are only partly redeemed, at least $25 million in principal must remain outstanding.

4. 04

   The company said the trustee, or holders of not less than 25% of the outstanding principal, may declare the Notes immediately due and payable if an event of default occurs and continues. Before June 1, 2030, the Notes may be redeemed in whole within 90 days of a rating agency event at 102% of principal plus accrued and unpaid interest.

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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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