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Security Details
- Coupon Rate
- 4.63%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 4/1/2026
- Maturity Date
- 4/1/2061
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 1.15625
- Distribution Dates
- 1/1, 4/1, 7/1 & 10/1
- Credit Ratings
- Moody's NF · S&P NR (4/21/2025)
- Tax-Advantaged Dividends
- No
Security Profile
- CUSIP
- 48253M104
- Market Cap
- Small Cap
- IPO
- 3/25/2021 · $25/share
- Parent Company
- KKR & Co. Inc. (KKR)
Business: KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061 redeemable at the issuer's option on or after 04/01/2026 at $25 per note plus accrued and unpaid interest, and maturing 04/01/2061. The Notes will be fully and unconditionally guaranteed, jointly and severally, on a subordinated basis, by KKR & Co. Inc., KKR Group Partnership L.P. and any other entity that is required to become a guarantor of the Notes as provided under (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee). The Issuer is an indirect finance subsidiary of KKR & Co. Inc. and has no operations or assets other than in such capacity. <p> Interest distributions of 4.625% per annum ($1.15625 per annum or $0.2890625 per quarter) will be paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record on the record date that will be 12/15, 3/15, 6/15 & 9/15 (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders.<p> This security is possibly subject to an early call before 04/01/2026 at $25.00 (100%) of their principal amount plus accrued and unpaid interest within 90 days of a tax event; before 04/01/2026 at $25.50 (102%) of their principal amount plus accrued and unpaid interest within 90 days of the occurrence of a rating agency event (see prospectus for further information). <p> This security was Not rated by Moody’s and rated BBB+ by S&P at the date of its IPO. This security was rated as BBB+ by Fitch Ratings Co. at the date of its IPO. The Notes are unsecured, subordinated obligations of the company and will rank junior to the company's senior debt, equally with all existing and future unsecured, subordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: The 4.625% Sub Notes were issued on 3/24/2021 and are expected to begin trading on the NYSE within 30 days of their issue date. The shares may start interim trading on the Other OTC market but we are not aware that they have done so to date.
Company Contact
- CEO
- Joe Bae
- CFO
- Robert H. Lewin
- CEO
- Scott Nuttall
- Headquarters
- 30 Hudson Yards, New York, NY 10019
- Phone
- 212-750-8300 · Toll-Free 877-610-4910
- Fax
- 212-750-0003
- Investor Relations
- Craig Larson · 212-230-9410 · Investor-Relations@kkr.com