KKR Financial Holdings LLC Announces Proposed Common Share Offering
March 31 2008 - 4:44PM
PR Newswire (US)
SAN FRANCISCO, March 31 /PRNewswire-FirstCall/ -- KKR Financial
Holdings LLC (NYSE:KFN) (the "Company") today announced a proposed
public offering of 20,000,000 of its common shares. Net proceeds
from the offering will be used for general corporate purposes.
General corporate purposes may include repayment of debt,
acquisitions, additions to working capital, capital expenditures
and investments in the Company's subsidiaries. Net proceeds may be
temporarily invested prior to deployment for their intended
purposes. The joint bookrunning managers for the offering are
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup
Global Markets Inc., Morgan Stanley & Co. Incorporated and Banc
of America Securities LLC. KKR Capital Markets LLC is co-lead
manager and JMP Securities LLC, Sandler O'Neill & Partners,
L.P. and Friedman, Billings, Ramsey & Co., Inc. are
co-managers. A registration statement on Form S-3 relating to these
common shares was filed with the Securities and Exchange Commission
("SEC") and became effective upon filing. The prospectus supplement
and accompanying prospectus relating to the offering of common
shares will be filed with the SEC. When available, copies of the
prospectus supplement and accompanying prospectus may be obtained
from: Merrill Lynch, Pierce, Fenner & Smith Incorporated, 250
Vesey Street, New York, NY 10080 (telephone: (212) 499-1000),
Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th
Street, 8th Floor, Brooklyn, NY 11220 (telephone: (718) 765-6732;
fax: (718) 765-6734), Morgan Stanley & Co. Incorporated, 180
Varick Street 2/F, New York, NY 10014 (telephone: (866) 718-1649)
or by e-mail to and Banc of America Securities LLC, Capital Markets
Operations, 100 West 33rd Street, 3rd Floor, New York, NY 10001 or
by e-mail to . This press release shall not constitute an offer to
sell or a solicitation of an offer to buy any securities, nor shall
there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such state or jurisdiction. This press release contains
statements that do not directly or exclusively relate to historical
facts. These types of statements are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. All forward-looking statements rely on assumptions and are
subject to risks, uncertainties and other factors that could cause
the Company's actual results to differ materially from
expectations. You should read and interpret any forward-looking
statements together with the risk factors contained under the
caption "Risk Factors" in the prospectus supplement for the
offering to which this release relates and the Company's other SEC
filings. Any forward- looking statement speaks only as of the date
on which that statement is made. The Company will not update any
forward-looking statement to reflect events or circumstances that
occur after the date on which the statement is made. Investor
Relations: Laurie L. Poggi KKR Financial (415)315-3718 Media:
Roanne Kulakoff/Joseph Kuo Kekst and Company (212)521-4837/4863
DATASOURCE: KKR Financial Holdings LLC CONTACT: Investor Relations,
Laurie L. Poggi of KKR Financial, +1-415-315-3718; or Media, Roanne
Kulakoff, +1-212-521-4837, or Joseph Kuo, +1-212-521-4863, both of
Kekst and Company Web site: http://www.kkrkfn.com/
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