Key Developments: KKR Financial Holdings LLC (KFN)
10.70USD
20 May 2013
$0.00 (+0.00%)
$10.70
$10.70
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16,087
902,838
$11.93
$7.95
Latest Key Developments (Source: Significant Developments)
KKR Financial Holdings LLC Announces Distribution On Series LLC Preferred Shares
KKR Financial Holdings LLC announced that its board of directors declared a cash distribution of $0.450694 per share on its outstanding 7.375% Series A LLC Preferred Shares (the Preferred Shares). The distribution is payable on April 15, 2013 to holders of record of Preferred Shares as of the close of business on April 8, 2013. Full Article
KKR Financial Holdings LLC Declares Quarterly Distribution Of $0.21 Per Common Share And Special Distribution Of $0.05 Per Common Share
KKR Financial Holdings LLC announced that it has declared a quarterly cash distribution of $0.21 per common share for the fourth quarter of 2012 and a special distribution of $0.05 per common share for the year ended December 31, 2012. Full Article
KKR Financial Holdings LLC Declares Quarterly Distribution
KKR Financial Holdings LLC announced that the Board of Directors declared a cash distribution of $0.21 per common share. The distribution is payable on November 21, 2012 to common shareholders of record as of the close of business on November 7, 2012. Full Article
KKR Financial Holdings LLC Declares Cash Distribution
KKR Financial Holdings LLC announced that the Company's Board of Directors declared a cash distribution of $0.21 per common share. The distribution is payable on August 23, 2012 to common shareholders of record as of the close of business on August 9, 2012. Full Article
KKR Financial Holdings LLC Declares Cash Distribution
KKR Financial Holdings LLC announced that the board of directors declared a cash distribution of $0.18 per common share. The distribution is payable on May 22, 2012 to common shareholders of record as of the close of business on May 8, 2012. Full Article
KKR Financial Holdings LLC Prices $100 Million Senior Notes Offering
KKR Financial Holdings LLC announced pricing of its public offering of Senior Notes due 2042 (the Notes). The offering is expected to close on March 20, 2012, subject to customary closing conditions. The Notes are being offered in an underwritten registered public offering. The Company intends to apply to list the Notes on the New York Stock Exchange under the symbol "KFI." If the application is approved, the Company expects trading in the Notes on the New York Stock Exchange to begin within 30 days after the Notes are first issued. Total aggregate gross proceeds from the offering are $100 million, exclusive of any proceeds attributable to the underwriters' possible exercise of their over-allotment option. In connection with this offering, the Company has granted the underwriters an over-allotment option to purchase up to $15 million aggregate principal amount of additional Notes. Interest on the Notes will be paid quarterly on March 20, June 20, September 20 and December 20 of each year, beginning June 20, 2012, at a rate of 7.500% per year and the Notes will mature on March 20, 2042 unless earlier repurchased or redeemed. Citigroup Global Markets Inc., Morgan Stanley& Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering. KKR Capital Markets LLC and RBC Capital Markets, LLC are acting as co-managers for the offering. Full Article
KKR Financial Holdings LLC Announces Quarterly Distribution Of $0.18 Per Common Share And Annual Special Distribution Of $0.08 Per Common Share
KKR Financial Holdings LLC announced that the Board of Directors declared a cash distribution of $0.18 per common share for the quarter ended December 31, 2011. The distribution is payable on March 1, 2012 to common shareholders of record as of the close of business on February 16, 2012. In addition, on February 2, 2012, the Company's Board of Directors declared an annual special distribution of $0.08 per common share for the year ended December 31, 2011. The distribution is payable on March 29, 2012 to common shareholders of record as of the close of business on March 15, 2012. Full Article
KKR Financial Holdings LLC Prices $225 Million Senior Notes Offering
KKR Financial Holdings LLC announced pricing of its public offering of Senior Notes due 2041 (Notes). The offering is expected to close on November 15, 2011. The Notes are being offered in an underwritten registered public offering. Total aggregate gross proceeds from the offering are approximately $225 million, exclusive of any proceeds attributable to the underwriters' possible exercise of their over-allotment option. In connection with this offering, the Company has granted the underwriters an over-allotment option to purchase up to $33.75 million aggregate principal amount of additional Notes. Interest on the Notes will be paid quarterly on February 15, May 15, August 15 and November 15 of each year, beginning February 15, 2012, at a rate of 8.375 percent per year and the Notes will mature on November 15, 2041 unless earlier repurchased or redeemed. Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering. The total net proceeds to the Company from the offering of the Notes will be approximately $218 million, exclusive of any proceeds attributable to the underwriters' possible exercise of their over-allotment option. The Company intends to use a portion of the net proceeds to repurchase or repay a portion of its existing senior indebtedness, with the remaining proceeds to be used for general corporate purposes. Full Article
KKR Financial Holdings LLC Announces Quarterly Dividend
KKR Financial Holdings LLC announced that the Board of Directors declared a cash distribution of $0.18 per common share for the quarter ended September 30, 2011. The distribution is payable on December 1, 2011 to common shareholders of record as of the close of business on November 17, 2011. Full Article
KKR Financial Holdings LLC Announces Quarterly Dividend
KKR Financial Holdings LLC announced that its board of directors declared a cash distribution of $0.18 per common share for the quarter ended June 30, 2011. The distribution is payable on August 25, 2011 to common shareholders of record as of the close of business on August 11, 2011. Full Article
TEXT - Fitch expects to rate KKR Financial Hldgs preferred issuance BB-plus
Jan 10 - Fitch Ratings expects to rate KKR Financial Holdings LLC's (KFN) cumulative perpetual preferred stock issuance 'BB+'. The preferred issuance will be callable after a period of five years and will be structurally subordinate to subordinated debt. Proceeds are expected to be used for general corporate purposes, including payments made in connection with the repurchase, redemption, or conversion of its outstanding senior indebtedness. Fitch expects to assign the issuance 50% equity credi
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