KKR Capital Markets Holdings entered 364-day revolving credit agreement with Mizuho Bank for up to $750 million.

According to a related 8-K filing, the agreement provides for revolving borrowings of up to $750 million, expires on June 28, 2018 and ranks pari passu with the existing $500 million credit facility provided by Mizuho for KKR’s capital markets business.

Borrowings under the agreement may only be used to facilitate the settlement of debt transactions syndicated by KKR’s capital markets business. Obligations under the agreement are limited to the borrowers, which are solely entities involved in KKR’s capital markets business, and liabilities under the Agreement are non-recourse to other parts of KKR.