KKR Private Equity Conglomerate amends SMBC-led revolving credit facility, boosts size to USD 1.33 billion
KKR•Revolving credit facility amended and upsized
KKR Private Equity Conglomerate amended and restated its revolving credit agreement with SMBC, KKR Capital Markets, joint lead arrangers, lenders.
- Revolving credit capacity increased by USD 100 million to USD 1.325 billion.
- Uncommitted accordion expanded by USD 1 billion, allowing total commitments to rise to USD 2.5 billion.
- Loan margins cut by 50 basis points, with step-ups tied to 27.5% LTV or certain events of default.
- Maturity extended to Sept. 11, 2029 from Dec. 23, 2027.
