KKR Financial to Sell 18M Shares in Offering

Dec 8 2010 | 9:04am ET

KKR Financial Holdings, an independent financial firm managed by a subsidiary of private equity giant Kohlberg Kravis Roberts, will sell 18 million common shares in an underwritten public offering.

KKR Financial has granted the underwriter, Morgan Stanley, a 30-day option to purchase up to 2.7 million additional common shares. The company will use the net proceeds of the offering to acquire assets in line with its business strategy and for general corporate purposes. The offer is expected to close on Dec. 13, 2010.

Shares in the specialty finance company, which invests in financial assets, chiefly below investment grade corporate debt, fell to $9.20 in aftermarket trading after adding 10 cents to $9.48 during the regular session on Dec. 7.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...