KKR Announces New Debt Offering of $550M in Subordinated Notes

Summary

On May 20, 2025, KKR & Co. Inc. and KKR Group Partnership L.P. entered into an underwriting agreement to issue and sell $550M principal amount of 6.875% Subordinated Notes due 2065. The Underwriters have a 30-day option to purchase up to an additional $82.5M principal amount of Notes to cover over-allotments, if any. The Notes are guaranteed on a subordinated unsecured basis by the Guarantor. The Offering is expected to close on May 28, 2025, subject to customary closing conditions.