KKR’s $500 Million Subordinated Notes Offering

Simpson Thacher represented KKR & Co. Inc., while Davis Polk advised the representatives of the several underwriters in the offering.

KKR Group Finance Co. IX LLC, a wholly owned finance subsidiary of KKR & Co. Inc., executed the offering of $500 million aggregate principal amount of 4.625% subordinated notes due 2061.

Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, UBS Securities LLC and KKR Capital Markets LLC acted as joint book-running managers of this offering and as representatives of the underwriter.

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR has completed more than 375 private equity investments with a total transaction value in excess of $650 billion as of December 31, 2020.

Simpson Thacher represented KKR & Co. Inc. with Joe Kaufman (Picture) and Matt Petrone (Capital Markets); Marcy Geller and Joseph Tootle (Tax); and Jeanne Annarumma (Executive Compensation and Employee Benefits).

The Davis Polk capital markets team included partner Byron B. Rooney and counsel Jennifer Ying Lan. Counsel Alon Gurfinkel and associate Summer Xia provided tax advice. 

Involved fees earner: Alon Gurfinkel – Davis Polk & Wardwell; Byron Rooney – Davis Polk & Wardwell; Summer Xia – Davis Polk & Wardwell; Jennifer Ying Lan – Davis Polk & Wardwell; Jeanne Annarumma – Simpson Thacher & Bartlett; Marcy Geller – Simpson Thacher & Bartlett; Joseph Kaufman – Simpson Thacher & Bartlett; Matthew Petrone – Simpson Thacher & Bartlett; Joseph Tootle – Simpson Thacher & Bartlett;

Law Firms: Davis Polk & Wardwell; Simpson Thacher & Bartlett;

Clients: Bank of America Securities; J.P. Morgan Securities LLC; KKR; KKR Capital Markets Limited; Morgan Stanley; UBS Securities LLC; Wells Fargo Securities;

Print Friendly, PDF & Email
Martina Bellini

Author: Martina Bellini