KKR Closes $2.1B Leveraged Loan to Fund Integer Acquisition
KKR sits 22% above its 52-week low of $82.67.
Summary
KKR has completed a $2.1 billion leveraged loan to finance its acquisition of Integer, according to Bloomberg News. The deal adds to KKR's active deal pipeline, which includes the pending $4.2 billion EDF Power Solutions North America acquisition and the £5.75 billion DCC Energy takeover. The loan size is modest relative to KKR's $90 billion market cap, but it signals continued deployment of capital into new platform investments. No terms on the Integer acquisition itself were disclosed.
At the time of this announcement, KKR was trading at $101.09 on NYSE in the Finance sector, with a market capitalization of approximately $90.7B. The 52-week trading range was $82.67 to $152.10. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.