Bloomberg: KKR Raises $2B to Invest in Distressed Debt
Bloomberg reported KKR raised $2 billion for a fund that will provide financing to distressed companies globally.
January 10, 2014
Distressed Debt | KKR & Co.
ABF Journal
Bloomberg reported KKR raised $2 billion for a fund that will provide financing to distressed companies globally.
KKR and KKR Financial Holdings signed a $2.6 billion definitive merger agreement. However, law firm Johnson & Weaver is investigating whether members of KKR Financial Holdings’ board of directors breached its fiduciary duties.
Bloomberg reported Energy Future Holdings has lined up $4.4 billion of loans in the event the Texas power generator taken private in the biggest leveraged buyout ever files for bankruptcy protection.
Bloomberg reported KKR, Goldman Sachs and TPG Capital, firms that led Energy Future Holdings’ buyout in 2007, are fighting to receive 3 percent of their investment when the company files for bankruptcy.