KKR Collaborates with PayPal in a Multi-Year €3B Deal to Accelerate BNPL Loan Originations in Europe
Portfolio Pulse from Akanksha Bakshi
PayPal and KKR sign a multi-year €3 billion replenishing loan commitment to accelerate BNPL loan originations in Europe. KKR's private credit funds will purchase up to €40 billion of BNPL loan receivables originated by PayPal. The deal is expected to generate an initial $1.8 billion in cash for PayPal.
June 20, 2023 | 2:19 pm
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KKR signs a €3 billion deal with PayPal to purchase up to €40 billion of BNPL loan receivables originated by PayPal in Europe.
The deal with PayPal allows KKR to purchase up to €40 billion of BNPL loan receivables, providing a significant investment opportunity for KKR's private credit funds and accounts. This partnership can potentially boost KKR's returns and positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
PayPal signs a €3 billion deal with KKR to accelerate BNPL loan originations in Europe, generating an initial $1.8 billion in cash.
The deal with KKR will help PayPal accelerate its BNPL loan originations in Europe, which is expected to generate an initial $1.8 billion in cash. This cash can be used for increased capital return to shareholders and other strategic initiatives, making it a positive development for PayPal's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100