KKR Provides Global Accounts Receivable Facility to Weber LLC
22 Janvier 2024 - 1:00PM
Business Wire
KKR today announced that its private credit funds and accounts
have provided a non-recourse accounts receivable financing for
Weber LLC (“Weber”), the global leader in outdoor cooking products,
innovation, and technology, to support the company’s operations and
strategic investments in long-term growth. The initial $200 million
facility is collateralized by certain accounts receivables of Weber
in the U.S. and international markets, with subsequent closes of up
to $100 million across European markets expected in the first half
of 2024. KKR Capital Markets acted as lead arranger and sole
bookrunner.
About KKR
KKR is a leading global investment firm that offers alternative
asset management as well as capital markets and insurance
solutions. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and supporting growth in its portfolio
companies and communities. KKR sponsors investment funds that
invest in private equity, credit and real assets and has strategic
partners that manage hedge funds. KKR’s insurance subsidiaries
offer retirement, life and reinsurance products under the
management of Global Atlantic Financial Group. References to KKR’s
investments may include the activities of its sponsored funds and
insurance subsidiaries. For additional information about KKR &
Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com.
For additional information about Global Atlantic Financial Group,
please visit Global Atlantic Financial Group’s website at
www.globalatlantic.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240122504010/en/
KKR Miles Radcliffe-Trenner or Julia Kosygina +1 212-750-8300
Media@kkr.com
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