KKR Financial Holdings announced that the company entered into a credit agreement with Citibank, Bank of America, Deutsche Bank AG New York Branch, Morgan Stanley Bank, Royal Bank of Canada, Societe Generale and Wells Fargo Bank for a new three-year $150 million revolving credit facility.
The facility replaces the company’s prior $250 million credit facility that was due to mature in May 2014.
Highlights of the facility are as follows: