SAN FRANCISCO, May 3 /PRNewswire-FirstCall/ -- KKR Financial
Holdings LLC (NYSE: KFN) (the "Company") today announced that it
intends to offer, subject to market and other considerations, 25
million common shares of the Company (the "Common Shares") in an
underwritten registered public offering. In connection with
this offering, the Company intends to grant the underwriters an
over allotment option to purchase up to 3.75 million additional
Common Shares.
The specific amount and offering price of the Common Shares will
be determined by negotiations between the Company and the
underwriters. BofA Merrill Lynch, Citi, Deutsche Bank
Securities, KKR Capital Markets LLC and Morgan Stanley are acting
as joint book-runners for the offering and FBR Capital Markets
& Co., JMP Securities, Keefe, Bruyette & Woods, and Sandler
O'Neill + Partners, L.P. are acting as co-managers of the
offering.
The Company intends to use the net proceeds from the offering to
acquire assets in accordance with its core business strategy and
for general corporate purposes.
The Company has filed a registration statement (including a
prospectus) and a preliminary prospectus supplement with the
Securities and Exchange Commission (the "SEC") for the offering of
the Common Shares described in this press release. Before you
invest, you should read the prospectus and preliminary prospectus
supplement included in that registration statement and other
documents the Company has filed with the SEC for more complete
information about the Company and the Common Shares. You may obtain
these documents for free by visiting EDGAR on the SEC website at
www.sec.gov. Alternatively, the preliminary prospectus supplement
(including the prospectus) may be obtained by contacting Citi,
Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 or call (877) 858-5407.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Common Shares described herein,
nor shall there be any sale of the Common Shares in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offering of
the Common Shares will be made only by means of the prospectus
supplement and the related prospectus. The Common Shares being
offered have not been approved or disapproved by any regulatory
authority, nor has any such authority passed upon the accuracy or
adequacy of the registration statement, the prospectus contained
therein or the prospectus supplement.
About KKR Financial Holdings LLC
KKR Financial Holdings LLC is a publicly traded specialty
finance company with expertise in a range of asset classes. KKR
Financial Holdings LLC is externally managed by KKR Financial
Advisors LLC, a wholly-owned subsidiary of Kohlberg Kravis Roberts
& Co. (Fixed Income) LLC, which is a wholly-owned subsidiary of
Kohlberg Kravis Roberts & Co. L.P. KKR Financial Holdings
LLC executes its core business strategy through majority-owned
subsidiaries.
Media Relations
Contacts:
|
|
Peter McKillop or
Kristi Huller
|
|
Kohlberg Kravis
Roberts & Co.
|
|
Tel:
212-750-8300
|
|
media@kkr.com
|
|
|
|
Investor Relations
Contact:
|
|
Laurie
Poggi
|
|
Kohlberg Kravis
Roberts & Co.
|
|
Tel:
415-315-3718
|
|
|
"Safe Harbor" Statement Under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements include, but are not limited to, statements related to
the proposed offering of Common Shares and the anticipated use of
proceeds therefrom. These forward-looking statements involve known
and unknown risks, uncertainties and other factors discussed in the
Company's filings with the SEC. Any forward-looking statements
speak only as of the date of this press release and the Company
expressly disclaims any obligation to update or revise any of them
to reflect actual results, any changes in expectations or any
change in events. If the Company does update one or more
forward-looking statements, no inference should be drawn that it
will make additional updates with respect to those or other
forward-looking statements. For additional information concerning
risks, uncertainties and other factors that may cause actual
results to differ from those anticipated in the forward-looking
statements, and risks to the Company's business in general, please
refer to the Company's SEC filings, including (i) its preliminary
prospectus supplement, filed with the SEC on the date hereof, (ii)
its Annual Report on Form 10-K for the fiscal year ended
December 31, 2009, filed with the SEC
on March 1, 2010 and (iii) its
Quarterly Report on Form 10-Q for the quarterly period ended
March 31, 2010, filed with the SEC on
April 29, 2010.
SOURCE KKR Financial Holdings LLC