SAN FRANCISCO--(BUSINESS WIRE)--
KKR Financial Holdings LLC (the "Company") announced today that it will
redeem all of its outstanding 7.500% Senior Notes due 2042 (the "Notes")
on April 24, 2017 in accordance with the optional redemption provisions
provided in the documents governing the Notes. The Notes trade on the
New York Stock Exchange under the symbol "KFI" and have been assigned
CUSIP No. 48248A504 and ISIN No. US48248A5048. As of April 7, 2017,
there was $115.0 million aggregate principal amount of the Notes
outstanding. The redemption price will equal 100% of the principal
amount of the Notes plus unpaid interest accrued thereon to, but
excluding, the redemption date, in accordance with the terms of the
Notes. The Company intends to use cash on hand to fund the redemption.
Beneficial holders of the Notes with any questions about the redemption
should contact the brokerage firm or financial institution through which
they hold the Notes.
ABOUT KKR FINANCIAL HOLDINGS LLC
KKR Financial Holdings LLC is a specialty finance company with expertise
in a range of asset classes. The Company's core business strategy is to
leverage the proprietary resources of its manager with the objective of
generating current income. The Company executes its core business
strategy through its majority-owned subsidiaries. The Company is
externally managed by KKR Financial Advisors LLC. The Company and KKR
Financial Advisors LLC are each subsidiaries of KKR & Co. L.P.
Additional information regarding the Company is available at http://ir.kkr.com/kfn_ir/kfn_overview.cfm.
Information on KKR Financial Holdings LLC's website is not incorporated
into, and does not form a part of, this press release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170407005109/en/
KKR Financial Holdings LLC
Kravis Roberts & Co. L.P.
Kristi Huller, + 1-212-750-8300
Source: KKR & Co. L.P.
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