KKR $500 million subordinated notes offering
We advised the underwriters in an offering of debt securities

Davis Polk advised the representatives of the several underwriters in connection with a registered offering by KKR Group Finance Co. IX LLC, a wholly owned finance subsidiary of KKR & Co. Inc., of $500 million aggregate principal amount of 4.625% subordinated notes due 2061.

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR has completed more than 375 private equity investments with a total transaction value in excess of $650 billion as of December 31, 2020.

The Davis Polk capital markets team included partner Byron B. Rooney and counsel Jennifer Ying Lan. Counsel Alon Gurfinkel and associate Summer Xia provided tax advice. Members of the Davis Polk team are based in the New York and London offices.