November 30, 2011
Willkie advises on issues related to the Investment Company Act of 1940.
On November 15, Willkie client KKR Financial Holdings LLC (KFN) issued and sold $258.75 million aggregate principal amount of 8.375% Senior Notes due November 15, 2041, which includes $33.75 million principal amount that was sold pursuant to the exercise of the underwriting overallotment option. KFN is a New York Stock Exchange-listed specialty finance company that, through majority-owned subsidiaries, allocates capital among corporate loans and securities, including senior secured and unsecured loans, mezzanine loans, high yield corporate bonds, distressed and stressed debt securities, marketable and non-marketable equity securities, and credit default and total rate of return swaps. KFN is managed by KKR Financial Advisors LLC, a wholly owned subsidiary of KKR Asset Management LLC, a wholly owned subsidiary of Kohlberg Kravis Roberts & Co. L.P. Willkie served as counsel to KFN on issues related to the Investment Company Act of 1940. The matter was handled by partner James Silk and associates Marc Ponchione and Vadim Avdeychik.