KKR & Co. Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

(Exact name of registrant as specified in its charter)

 

 

 (212) 750-8300

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Sec.230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Sec.240.12b-2 of this chapter).

 

 

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The information set forth in Item 2.03 is hereby incorporated by reference into this Item 1.01.

 

On January 16, 2026, Global Atlantic Limited (Delaware) (“GALD”), Global Atlantic (Fin) Company (together with GALD, the “Guarantors”) and certain direct and indirect insurance company subsidiaries of the Guarantors (such insurance company subsidiaries, the “Borrowers”, and together with the Guarantors, the “Credit Parties”) entered into a Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, N.A., as administrative agent (the “Administrative Agent”) and other lenders from time to time party thereto.

The Credit Agreement provides the Borrowers with an unsecured revolving credit facility (the “Credit Facility”) in an aggregate principal amount of $3.00 billion as of January 16, 2026, with the option to request an increase in the facility amount of up to an additional $500 million, for an aggregate principal amount of $3.50 billion, subject to certain conditions, including obtaining new or increased commitments from new or existing lenders. The Credit Facility is a 364-day facility, scheduled to mature on January 15, 2027, which may from time to time be extended for additional 364-day periods at the Borrowers’ option, subject to the consent of the applicable lenders, and the Borrowers may prepay, terminate or reduce the commitments under the Credit Facility at any time without penalty. Borrowings under the Credit Facility are available for working capital, general corporate purposes and growth initiatives of the Credit Parties. Interest on borrowings under the Credit Facility will be based on either (A) the term Secured Overnight Financing Rate (SOFR), plus a margin based on a corporate ratings-based grid ranging from 1.10% to 1.375%, or (B) an alternate base rate, plus a margin based on a corporate ratings-based grid ranging from 0.10% to 0.375%. The Credit Parties have agreed to pay a commitment fee on unused commitments at a rate per annum also based on a corporate ratings-based grid ranging from 0.125% to 0.225%. Borrowings under the Credit Facility are guaranteed by the Guarantors.

Certain other terms of the Credit Agreement include:

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

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