KKR’s $380 Million Global Yen Notes Offering


Simpson Thacher and Davis Polk advised on the transaction

KKR executed a ¥25 billion aggregate principal amount of 0.509% Senior Notes due 2023, ¥5 billion aggregate principal amount of 0.764% Senior Notes due 2025 and ¥10.3 billion aggregate principal amount of 1.595% Senior Notes due 2038 by KKR Group Finance Co. IV LLC, an indirect finance subsidiary of KKR & Co. L.P. KKR intends to use the net proceeds from the offering for general corporate purposes, including to fund potential acquisitions and investments in Japan. This is the first global yen offering by KKR.

Simpson Thacher advised KKR with Joe Kaufman (Picture), Arjun Koshal and Davis Mahon (Capital Markets); Katharine Moir and Morgan Otway (Tax); and Jeanne Annarumma (Executive Compensation and Employee Benefits).

Davis Polk advised the initial purchasers with a team including Byron B. Rooney and associates Joseph S. Payne, Heita Miki and Jacqueline Marino. Partner David H. Schnabel and associate Aliza Slansky provided tax advice.

Involved fees earner: Joseph Kaufman – Simpson Thacher & Bartlett; Arjun Koshal – Simpson Thacher & Bartlett; Davis Mahon – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Morgan Otway – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: KKR;

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Author: Ambrogio Visconti