KKR Financial Holdings LLC Announces Completion of 34,500,000 Common Share Offering Including Full Exercise by the Underwriters
April 08 2008 - 5:27PM
PR Newswire (US)
SAN FRANCISCO, April 8, 2008 /PRNewswire-FirstCall/ -- KKR
Financial Holdings LLC (NYSE:KFN) (the "Company") today announced
it had completed its previously announced public offering of 30
million common shares at $11.85 per common share (the "Offering").
In addition, the Company announced that the underwriters for the
Offering, as described below, exercised the over-allotment option
granted to them to purchase an additional 4.5 million common shares
(the "Over-Allotment Option"), which purchase was also completed.
The Company received net proceeds of approximately $383.5 million
collectively from the Offering and the exercise of the
Over-Allotment Option. The underwriters for the Offering are
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup
Global Markets Inc., Morgan Stanley & Co. Incorporated, Banc of
America Securities LLC, KKR Capital Markets LLC, JMP Securities
LLC, Sandler O'Neill & Partners, L.P. and Friedman, Billings,
Ramsey & Co., Inc. 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. A
Prospectus Supplement and accompanying Prospectus relating to the
Offering was filed on April 4, 2008 with the SEC pursuant to Rule
424(b) of the Securities Act of 1933, as amended. 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. 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, for KKR
Financial Holdings LLC Web site: http://www.kkrkfn.com/
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