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KKR & Co Inc | 6.00% Ser C Mandatory Convertible Preferred Stock due 09/15/2023 (KKR.PRC)
Prospectus excerpt: We are offering 20,000,000 shares of our 6.00% Series C Mandatory Convertible Preferred Stock, par value $0.01 per share (the “Mandatory Convertible Preferred Stock”). We intend to use the net proceeds from this offering, together with a combination of cash on hand, proceeds from potential minority co-investors and the net proceeds, if any, from other Financing Transactions (as defined herein), to fund the acquisition (the “Acquisition”) of Global Atlantic Financial Group Limited (“Global Atlantic”) and pay related costs and expenses. This offering is not conditioned upon the consummation of the Acquisition. Accordingly, if you decide to purchase the Mandatory Convertible Preferred Stock in this offering, you should be willing to do so whether or not we complete the Acquisition. If the Acquisition is not consummated and we decide not to exercise our acquisition termination redemption option as described herein, we intend to use the net proceeds from this offering for general corporate purposes. See “Use of Proceeds.” Dividends on the Mandatory Convertible Preferred Stock will be payable on a cumulative basis when, as and if declared by our Board of Directors, or an authorized committee thereof, at an annual rate of 6.00% on the liquidation preference of $50.00 per share. We may pay declared dividends in cash or, subject to certain limitations, in shares of our common stock or in any combination of cash and shares of our common stock on March 15, June 15, September 15 and December 15 of each year, commencing on December 15, 2020, and ending on, and including, September 15, 2023. Full Prospectus PDF », Secondary Prospectus PDF », KKR Page »
Series: | C | Alternate symbology: | KKR-C, KKR-PC, KKRprC | Redeemable?: | Yes | Maturity Date: | 9/15/2023 | Cumulative?: | Yes | Conversion Ratio: | 1.1662 - 1.4285 | Conversion Price: | $35.00 - $47.87 | Shares Offered: | 20,000,000 | Overallotment: | 3,000,000 | Liquidation Preference: | $50.00 | Original Coupon: | 6.00% | Pay Period: | Quarterly | Pay Dates: | 15-Mar, 15-Jun, 15-Sep, 15-Dec | CDx3 Compliance Rating: |
Learn KKR.PRC's Rating
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KKR & Co. is a holding company. Through its subsidiaries, Co. is an investment firm that provides alternative asset management as well as capital markets and insurance solutions. Co. sponsors investment funds that invest in private equity, credit and real assets and has partners that manage hedge funds. Co. operates through two reportable segments: asset management; and insurance. In its asset management business, Co. has five business lines: Private Equity, Real Assets, Credit and Liquid Strategies, Capital Markets, and Principal Activities. Co.'s insurance business is operated by Global Atlantic Financial Group LLC, which is a retirement and life insurance company. Preferreds: KFN.PR, KKR.PRA, KKR.PRB, KKR.PRC Open the KKR Information Page »
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Name: |
KKR & Co Inc |
Website: |
www.kkr.com |
Sector: |
Investment Brokerages |
Number of ETFs Holding KKR: |
51 (see which ones) |
Total Market Value Held by ETFs: |
$4,581,604,621.61 |
Total Market Capitalization: |
$85,642,000,000 |
% of Market Cap. Held by ETFs: |
5.35% |
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