* KKR Financial plans to sell 25 mln shares
* Share price not yet determined
* Says proceeds for acquisitions
NEW YORK, May 3 A specialty finance company
managed by private equity firm Kohlberg Kravis Roberts & Co
[KKR.UL] on Monday said it was selling shares to raise money
San Francisco, California-based debt fund KKR Financial
Holdings LLC KFN.N said it would sell 25 million common
shares and use proceeds from the sale for asset acquisitions
and general corporate purposes. The company has not yet set a
price for the offering.
Bank of America Merrill Lynch, Citi, Deutsche Bank
Securities, KKR Capital Markets LLC and Morgan Stanley are
operating as joint book-runners on the offering. FBR Capital
Markets & Co, JMP Securities, Keefe, Bruyette & Woods and
Sandler O'Neill + Partners LP are acting as co-managers.
The underwriters have the option to purchase an additional
3.75 million shares.
(Reporting by Clare Baldwin; editing by Carol Bishopric)