Business Context and Reporting Period
Company: KKR & Co. Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 30, 2026
Event: Entry into a Material Definitive Agreement and Creation of a Direct Financial Obligation.
Key Financial Metrics and Facility Details
This filing details the restructuring of the company's senior unsecured multicurrency revolving credit facility rather than reporting periodic operating results.
- Facility Amount: $3.0 billion aggregate principal amount.
- Expansion Option: Up to an additional $750 million, subject to lender consent.
- Maturity: Five-year term, maturing July 30, 2031, with an extension option.
- Interest Rates: Based on term SOFR or alternate base rate plus a margin of 57.5 to 112.5 basis points (ratings-based).
- Facility Fee: 5 to 12.25 basis points on total commitments (ratings-based).
- Guarantor: KKR & Co. Inc.
Material Changes Versus Prior Period
The Borrowers (KKR Group Partnership L.P. and Kohlberg Kravis Roberts & Co. L.P.) entered into a Fourth Amended and Restated Credit Agreement, which amends and restates in its entirety the Third Amended and Restated Credit Agreement dated July 3, 2024. The filing does not provide specific comparative financial metrics (revenue, profit, cash flow) for the period.
Guidance, Covenants, and Risks
The new agreement imposes specific financial covenants and restrictions:
- Leverage Covenant: Maximum leverage ratio of not greater than 4.0x covenant EBITDA (excluding indebtedness of The Global Atlantic Financial Group LLC and its subsidiaries).
- Assets Under Management: Must maintain at least $195 billion in fee-paying assets under management.
- Restrictions: Includes customary negative covenants, such as limitations on pledging subsidiary stock.
- Events of Default: Standard provisions allowing lenders to accelerate loans and terminate commitments upon default.
The filing text does not provide specific management commentary on future outlook, risks beyond the covenants, or unusual items.
Investor Verification Checklist
- Verify the current corporate credit rating to determine the applicable interest rate margin and facility fee within the stated grids.
- Confirm the company's current leverage ratio and fee-paying assets under management to ensure compliance with the 4.0x and $195 billion covenants.
- Review the terms of the extension option and the conditions required to exercise the $750 million accordion feature.
- Assess the impact of excluding The Global Atlantic Financial Group LLC's indebtedness on the overall leverage calculation.