KKR Upsizes and Prices Offering of Mandatory Convertible Preferred Stock
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KKR & Co. Inc. has increased its offering of 6.25% Series D Mandatory Convertible Preferred Stock to $2.25 billion, up from the initially planned $1.50 billion. The offering is priced at $50.00 per share.
March 05, 2025 | 5:00 am
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KKR has increased its offering of 6.25% Series D Mandatory Convertible Preferred Stock to $2.25 billion, indicating strong demand and potential positive impact on stock price.
The upsizing of the offering from $1.50 billion to $2.25 billion suggests strong investor demand, which is typically a positive signal for the company's stock price. The pricing at $50.00 per share aligns with the liquidation preference, indicating confidence in the valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100