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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Kkr Financial Holdings Llc | NYSE:KFN | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.54 | 0.00 | 01:00:00 |
SAN FRANCISCO, Dec. 7, 2010 /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC (NYSE: KFN) announced today that it has agreed to sell 18,000,000 of its common shares in an underwritten public offering. The last reported sale price of the common shares on December 7, 2010 was $9.48 per share. KFN also has granted the underwriter a 30-day option to purchase up to 2,700,000 additional common shares. KFN intends to use the net proceeds from this offering to acquire assets in accordance with its core business strategy and for general corporate purposes. Closing of the offering is expected to occur on or about December 13, 2010, subject to customary closing conditions.
Morgan Stanley & Co. Incorporated is acting as the sole underwriter for the offering.
The offering is being made pursuant to an effective shelf registration statement. The offering may be made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained by sending a request to: Morgan Stanley & Co. Incorporated, Attn: Prospectus Department, 180 Varick Street, New York, NY 10014, by emailing prospectus@morganstanley.com or by calling toll-free in the United States 1-866-718-1649.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the securities, nor shall there by any sale of these securities, in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state.
About KKR Financial Holdings LLC
KKR Financial Holdings LLC is a specialty finance company with expertise in a range of asset classes. KFN's core business strategy is to leverage the proprietary resources of its manager with the objective of generating both current income and capital appreciation. KFN is externally managed by KKR Financial Advisors LLC, a wholly-owned subsidiary of KKR Asset Management LLC, which is a wholly-owned subsidiary of Kohlberg Kravis Roberts & Co. L.P. KFN executes its core business strategy through majority-owned subsidiaries. Additional information regarding KFN is available at http://www.kkr.com.
Investor Relations Contact: | |
Laurie Poggi | |
Kohlberg Kravis Roberts & Co. | |
Tel: +1 (415) 315-3718 | |
investor-relations@kkr.com | |
Media Relations Contacts: | |
Peter McKillop or Kristi Huller | |
Kohlberg Kravis Roberts & Co. | |
Tel: + 1 (212) 750-8300 | |
media@kkr.com | |
SOURCE KKR Financial Holdings LLC
Copyright 2010 PR Newswire
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