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KKR Announces Offering of Mandatory Convertible Preferred Stock

1. KKR is offering $1.5 billion in Series D Mandatory Convertible Preferred Stock. 2. An additional $225 million option for underwriters may impact KKR's capital structure.

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Why Bullish?

KKR's capital raise indicates strong demand and strategic positioning; similar offerings historically led to share price increases due to enhanced financial flexibility.

How important is it?

The significant amount involved in the offering could influence market perception and investor sentiment towards KKR due to improved liquidity and financial health.

Why Short Term?

Immediate market reactions expected from this significant capital raise, though long-term effects depend on how funds are utilized.

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NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (“KKR”) (NYSE: KKR) today announced that it has commenced an offering of $1.5 billion (30,000,000 shares) of its Series D Mandatory Convertible Preferred Stock, par value $0.01 per share (the “mandatory convertible preferred stock”), subject to market and other conditions (the “offering”). KKR expects to grant the underwriters a 30-day option to purchase up to an additional $225 million (4,500,000 shares) of mandatory convertible preferred stock, so.

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