KKR Prices €650,000,000 of Senior Notes

NEW YORK–(BUSINESS WIRE)–KKR & Co. Inc. (“KKR”) (NYSE:KKR) today announced that it has priced an
offering of €650,000,000 aggregate principal amount of its 1.625% Senior
Notes due 2029 (the “notes”) issued by KKR Group Finance Co. V LLC, its
indirect subsidiary. The notes are to be fully and unconditionally
guaranteed by KKR & Co. Inc. and its subsidiaries, KKR Management
Holdings L.P., KKR Fund Holdings L.P. and KKR International Holdings
L.P. KKR intends to use the net proceeds from the sale of the notes for
general corporate purposes, including to fund potential acquisitions and
investments in Europe.

The notes were offered to buyers outside the United States pursuant to
Regulation S and to qualified institutional buyers in the United States
pursuant to Rule 144A 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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS

This release contains certain forward-looking statements.
Forward-looking statements relate to expectations, estimates, beliefs,
projections, future plans and strategies, anticipated events or trends
and similar expressions concerning matters that are not historical
facts. The forward-looking statements are based on KKR’s 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 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, capital invested, syndicated capital, uncalled commitments,
after-tax distributable earnings, fee related earnings, segment EBITDA,
core interest expense, cash and short-term investments, book value, and
return on equity 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:
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 business strategies including the ability to realize the
anticipated synergies from acquisitions, 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 industry,
interest rates or the general economy; underperformance of KKR’s
investments and decreased ability to raise funds; and the degree and
nature of KKR’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 can be found in KKR &
Co. Inc.’s Annual Report on Form 10-K for the fiscal year ended December
31, 2018, filed with the SEC on February 15, 2019, and other filings
with the SEC, which are available at www.sec.gov.

Contacts

Investor Relations:
Craig Larson
Tel: +1 (877) 610-4910
(U.S.) / +1 (212) 230-9410
investor-relations@kkr.com

Media Contact:
Kristi Huller or Cara Major
Tel: + 1
(212) 750-8300
media@kkr.com

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