KKR REIGN I in $128.5 million Additional Issuance of Notes

July 3, 2019

Cleary Gottlieb represented KKR REIGN I Ltd., as issuer, in the additional issuance of $128.5 million in principal protected, fixed-rate coupon notes with a variable performance coupon, following an initial issuance of $700 million of such notes on May 9, 2019, and an additional issuance of $751.5 million on June 19, 2019, bringing the total issuance amount to $1.63 billion.

KKR REIGN Master Partnership LP will serve as guarantor. KKR Financial Management LLC will serve as collateral asset manager and private asset manager. The transaction priced on June 21, 2019, and July 1, 2019, and closed on July 3, 2019.