Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

KKR Prices $750,000,000 of 3.250% Senior Notes Due 2051

12/02/2021 | 06:51am EST

KKR & Co. Inc. (“KKR”) (NYSE: KKR) today announced that it has priced an offering of $750,000,000 aggregate principal amount of its 3.250% Senior Notes due 2051 (the “notes”) issued by KKR Group Finance Co. X LLC, its indirect subsidiary. The notes are to be fully and unconditionally guaranteed by KKR & Co. Inc. and KKR Group Partnership L.P.

KKR intends to use the net proceeds from the sale of the notes for general corporate purposes.

The notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).

The notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

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 in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.


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. Forward-looking statements may be identified by use of words such as “plans,” “expects,” “will,” “anticipates,” “thinks,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning, and relate to expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, including the timing and completion of the company’s anticipated reorganization announced on October 11, 2021. These forward-looking statements are based on KKR’s (including the Global Atlantic Financial Group LLC and its subsidiaries’ (collectively, “Global Atlantic”)) beliefs, assumptions and expectations, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR (including Global Atlantic) or are within its control. If a change occurs, KKR’s business, financial condition, liquidity and results of operations, including but not limited to dividends, tax assets, tax liabilities, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, adjusted EBITDA, core interest expense and book value, debt levels, outstanding shares of common stock and capital structure may vary materially from those expressed in the forward-looking statements. The following factors, among others, could cause actual results to vary from the forward-looking statements: failure to realize the anticipated benefits within the expected timeframes from the acquisition of Global Atlantic; unforeseen liabilities or integration and other costs of the Global Atlantic acquisition and timing related thereto; changes in Global Atlantic’s business; distraction of KKR’s or Global Atlantic’s management or other diversion of resources within each company caused by the Global Atlantic acquisition; retention of key Global Atlantic employees; Global Atlantic’s ability to maintain business relationships following the acquisition; the severity and duration of the COVID-19 pandemic; the pandemic’s impact on the U.S. and global economies; foreign, federal, state and local governmental responses to the pandemic; whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; failure to realize the benefits of or changes in KKR’s or Global Atlantic’s business strategies including the ability to realize the anticipated synergies from acquisitions (including the Global Atlantic acquisition), strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management or insurance industry, interest rates, credit spreads, currency exchange rates or the general economy; underperformance of KKR’s or Global Atlantic’s investments and decreased ability to raise funds; KKR’s and Global Atlantic’s compliance with laws applicable to their respective businesses; changes to Global Atlantic as a consolidated subsidiary of KKR; ability of KKR to manage Global Atlantic’s investments; KKR’s control of Global Atlantic; changes in Global Atlantic policyholders’ behaviors; any disruption in servicing Global Atlantic’s insurance policies; the use of estimates and risk management in KKR’s or Global Atlantic’s business; outcome of KKR’s or Global Atlantic’s litigation and regulatory matters; and the degree and nature of KKR’s and Global Atlantic’s competition. All forward-looking statements speak only as of the date hereof. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. In addition, KKR’s business strategy is focused on the long term and financial results are subject to significant volatility. Additional information about factors affecting KKR is available in KKR & Co. Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the SEC on February 19, 2021, quarterly reports on Form 10-Q for subsequent quarters and other filings with the SEC, which are available at www.sec.gov.

ę Business Wire 2021
All news about KKR & CO. INC.
02:47pPIETRO LABRIOLA : KKR's bid target Telecom Italia appoints veteran manager Labriola CEO
01:07pMorgan Stanley Adjusts KKR & Co Price Target to $83 From $90, Maintains Equal Weight Ra..
12:34pInforma set to launch $1.6 billion sale of Citeline unit -sources
10:39aTelecom Italia board names veteran manager Labriola as CEO - sources
05:19aFactbox-A team player with tattoos set to be Telecom Italia's new CEO
04:00aPetSmart Reportedly In Merger Talks With KKR Acquisition
01/19KKR & Co Buys Real Estate Lending Platform Merchants Mortgage Trust & Corp. for Undiscl..
01/19KKR Acquires Merchants Mortgage Trust & Corporation
01/19Telecom Italia shares slide further as doubts over KKR's bid intensify
01/19KKR & CO. INC. (NYSE : KKR) acquired Merchants Mortgage & Trust Corporation, LLC.
More news
Analyst Recommendations on KKR & CO. INC.
More recommendations
Financials (USD)
Sales 2021 2 983 M - -
Net income 2021 4 352 M - -
Net Debt 2021 9 180 M - -
P/E ratio 2021 10,6x
Yield 2021 0,86%
Capitalization 39 242 M 39 242 M -
EV / Sales 2021 16,2x
EV / Sales 2022 12,7x
Nbr of Employees 1 583
Free-Float 93,2%
Chart KKR & CO. INC.
Duration : Period :
KKR & Co. Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KKR & CO. INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 17
Last Close Price 67,08 $
Average target price 89,43 $
Spread / Average Target 33,3%
EPS Revisions
Managers and Directors
Joseph Yong Bum Bae Co-Chief Executive Officer & Director
Scott Charles Nuttall Co-Chief Executive Officer & Director
Robert H. Lewin Treasurer & Head-Corporate Development
Henry R. Kravis Executive Co-Chairman
George Rosenberg Roberts Executive Co-Chairman
Sector and Competitors
1st jan.Capi. (M$)
KKR & CO. INC.-9.96%39 242
BLACKSTONE INC.-13.78%79 309
LEGAL & GENERAL PLC0.71%24 270
AMUNDI0.28%16 699