KKR Financial Holdings LLC Announces Offering of Convertible Notes
July 16 2007 - 5:16PM
PR Newswire (US)
SAN FRANCISCO, July 16 /PRNewswire-FirstCall/ -- KKR Financial
Holdings LLC (NYSE:KFN) (the "Company"), announced today that it
intends to offer $300 million aggregate principal amount of
convertible senior notes due 2012. As part of the offering, the
Company expects to grant the initial purchaser an option to
purchase up to $45 million aggregate principal amount of additional
notes. The notes will be senior unsecured obligations of the
Company and will be convertible into a combination of cash and
common shares or cash only, as provided for in the indenture
governing the notes. The exact timing and terms of the offering
will depend on market conditions and other factors. The notes will
be sold to qualified institutional buyers in reliance on Rule 144A
under the Securities Act of 1933, as amended (the "Securities
Act"). The notes and any Company common shares that may be issued
upon conversion of the notes have not been registered under the
Securities Act or any state securities laws and may not be offered
or sold absent such registration or applicable exemption from the
registration requirements of the Securities Act and applicable
state laws. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy any of these
securities. Statements in this press release that are not strictly
historical are "forward-looking" statements. Forward-looking
statements involve known and unknown risks, which may cause the
Company's actual future results to differ materially from expected
results. These risks include, among others, general economic
conditions, the availability, terms and deployment of capital to
finance planned growth, the Company's limited liability company and
organization structure and the regulatory environment in which its
business operates, as described in the Company's filings with the
Securities and Exchange Commission. Consequently, such
forward-looking statements should be regarded solely as reflections
of the Company's current operating plans and estimates. Actual
operating results may differ materially from what is expressed or
forecast in this press release. The Company undertakes no
obligation to publicly release the results of any revisions to
these forward- looking statements that may be made to reflect
events or circumstances after the date these statements were made.
Investors: Laurie Poggi KKR Financial (415)315-3718 Media: Roanne
Kulakoff/Joseph Kuo Kekst and Company (212)521-4837/4863
DATASOURCE: KKR Financial Holdings LLC CONTACT: Media, Roanne
Kulakoff, +1-212-521-4837, or Joseph Kuo, +1-212-521-4863, both of
Kekst and Company, for KKR Financial; or Investors, Laurie Poggi of
KKR Financial, +1-415-315-3718 Web site: http://www.kkrfn.com/
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