| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item |
KKR Financial buys back $95.2 million in 7% convertible senior notes
By Devika Patel
Knoxville, Tenn., April 29 - KKR Financial Holdings LLC repurchased $95.2 million of its $275.8 million in outstanding 7% convertible senior notes in the quarter ended March 31, according to a press release.
As of March 31, there is $180.6 million of the convertibles remaining outstanding.
The repurchases resulted in a $1.3 million gain.
The company said it also repurchased $10.3 million of mezzanine notes issued by CLO 2007-A for $5.5 million and $72.7 million of mezzanine and subordinate notes issued by CLO 2007-1 for $38.8 million, resulting in $38.7 million gain.
KKR also paid down $25 million of its senior secured credit facility due 2011, reducing the amount outstanding to $150 million from $175 million.
San Francisco-based KKR Financial is a real estate investment trust and specialty finance company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.