KKR $1 Billion Revolving Credit Facility

Davis Polk advised the administrative agent, the sole lead arranger and the sole bookrunner, in connection with the amendment and restatement of a $1 billion senior unsecured revolving credit facility provided to Kohlberg Kravis Roberts & Co. L.P., KKR Management Holdings L.P., KKR Fund Holdings L.P. and KKR International Holdings L.P., as borrowers. The facility is guaranteed by KKR & Co. Inc., the publically-traded parent company of the borrowers. The amended and restated credit agreement extended the maturity date of KKR’s existing senior revolving credit facility to December 2023. The proceeds of the facility will be used for working capital and general corporate purposes.

KKR & Co. Inc. is a leading global investment firm. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes and has completed more than 280 private equity investments in energy, infrastructure, health care, real estate, credit and hedge funds.

The Davis Polk finance team included partner Jinsoo H. Kim and associates Vanessa L. Jackson, Michael P. Raymond and Daniel P. Schley. Counsel Ann Becchina provided executive compensation advice. Counsel Jeanine P. McGuinness provided sanctions advice. Partner Mario J. Verdolini and associate Itay Peer provided tax advice. Counsel David A. Zilberberg and associate Michael Comstock provided environmental advice. Members of the Davis Polk team are based in the New York and Washington DC offices.