The Firm recently represented KKR Financial Holdings LLC (NYSE: KFN) in an offering of 14,950,000 7.375% Series A LLC Preferred Shares, which includes the underwriters’ full exercise of their over-allotment option. The Shares are expected to begin trading on the New York Stock Exchange on January 29, 2013 under the symbol “KFP”. The offering raised proceeds to the company of approximately $370 million.

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, Lesley Peng, Kelli Schultz, Karen Reyes and Cara Walsh (Corporate) and Jeanne Annarumma (Executive Compensation and Employee Benefits).


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