Wed 01/10/2024 14:05 PM
KKR Credit is launching a new franchise of CLOs backed by private credit assets, according to market sources. The firm is marketing a deal named KIMM Funding I via BNP Paribas, which is expected to price in the first quarter.
Sources say that the triple-A to single-A debt is expected to be available while equity is not expected to be available to third party investors. The deal will be structured with a two-year noncall period and four-year reinvestment period and is expected...
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