KKR Announces Offering of Mandatory Convertible Preferred Stock
NEW YORK–(BUSINESS WIRE)–KKR & Co. Inc. (KKR) (NYSE: KKR) today announced that it has commenced an offering of $750.0 million (15,000,000 shares) of its Series C Mandatory Convertible Preferred Stock, par value $0.01 per share (the mandatory convertible preferred stock), subject to market and other conditions (the offering). KKR expects to grant the underwriters a 30-day option to purchase up to an additional $112.5 million (2,250,000 shares) of mandatory convertible preferred stock; solel…
