KKR launches subordinated notes offering due 2065

NEW YORK - KKR & Co. Inc. (NYSE: KKR), a global investment firm, has initiated an offering of subordinated notes set to mature in 2065, subject to prevailing market conditions. These notes are to be subordinate obligations of the company, with full and unconditional backing from KKR Group Partnership L.P.

The purpose of this offering is to raise capital for KKR’s general corporate needs. The company has also indicated that it may provide underwriters a 30-day option to purchase additional notes to manage any over-allotments. With a debt-to-equity ratio of 2.06 and analysts forecasting a slight revenue decline for the current year, this capital raising initiative comes at a crucial time for the firm.

A consortium of financial institutions, including Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, UBS Securities LLC, and KKR Capital Markets LLC, is managing the book-running for this offering.

The offering is being conducted in accordance with an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission (SEC). Interested parties can access the preliminary prospectus supplement and the prospectus from the SEC’s website or directly from the joint book-running managers.

KKR has made it clear that this press release is not an offer to sell or a solicitation of an offer to buy the notes or any other securities, and that no sale will occur in jurisdictions where such an offer, solicitation, or sale would be unlawful.

The announcement contains forward-looking statements, which are based on current expectations and projections about future events. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.

This news is based on a press release statement from KKR & Co. Inc. and provides investors with the latest information regarding the company’s financing activities.

In other recent news, KKR & Co. Inc. reported robust financial results for the first quarter of 2025, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $1.15, surpassing the forecast of $1.13, and reported revenue of $3.11 billion, which significantly outperformed the expected $1.71 billion. This strong performance highlights KKR’s effective global business strategy and its ability to navigate market volatility. Additionally, Morgan Stanley upgraded KKR’s stock rating from Equalweight to Overweight, raising the price target from $120 to $150. This upgrade reflects Morgan Stanley’s optimism about KKR’s potential for earnings growth amidst improved macroeconomic conditions and reduced tariff tensions with China. Furthermore, Morgan Stanley increased its 2026 EPS estimates for KKR by 4.5%, suggesting a positive outlook for the company’s future performance. These developments indicate a favorable environment for KKR’s operations and potential growth in the alternative investment sector.

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