The Firm recently represented KKR Financial Holdings LLC (NYSE: KFN) in an offering of $115 million of 7.5% senior notes due 2042, which includes the underwriters’ full exercise of their over-allotment option. The Notes were issued in denominations of $25 and expect to begin trading on the New York Stock Exchange on March 23, 2012 under the symbol “KFI”.

The underwriters were led by Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC.

KKR Financial Holdings LLC is a specialty finance company with expertise in a range of asset classes. It deploys capital to a number of strategies, which include bank loans and high yield securities, mezzanine, special situations, natural resources, commercial real estate and private equity. KKR Financial Holdings LLC is managed by an affiliate of Kohlberg Kravis Roberts & Co. L.P.

The Simpson Thacher team for the transaction included: William Hinman, Ryan Nolan, Kelli Schultz and Kamal Patel (Corporate), Jason Vollbracht and Daniel Foster (Tax), and Jeanne Annarumma (Executive Compensation and Employee Benefits).


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