KKR $1.15 Billion Mandatory Convertible Preferred Stock Offering
8/14/2020

Davis Polk advised the underwriters in connection with an SEC-registered offering by KKR & Co. Inc. of $1.15 billion aggregate principal amount of its 6.000% Series C Mandatory Convertible Preferred Stock.

KKR is a leading global investment firm that manages multiple alternative asset classes including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR has completed more than 360 private equity investments with a total transaction value in excess of $630 billion.

The Davis Polk capital markets team included partner Byron B. Rooney and associates Jennifer Ying Lan and Moses Farzan Nekou. The equity derivatives team included partner Mark J. DiFiore, counsel Justin Michael and associate Lindsey B. Meyers-Perez. Partner Po Sit and associate Ben Levenback provided tax advice. All members of the Davis Polk team are all based in the New York office.