Why J.M. Smucker is Spending $3.2 Billion to Feed Your Pet
Eric Volkman, The Motley Fool - Motley Fool - Mon Feb 09, 8:42AM CST
Apparently eager to sell more than just food items for people, condiments and coffee conglomerate J.M. Smucker has dived into the pet food business. The company announced last week that it bought Big Heart Pet Brands with a mix of cash and stock...
KFN: 11.54 (-0.28), PG: 85.90 (-0.13), SJM: 113.89 (+1.50)
Fitch Affirms KKR Financial CLO 2013-2 Ltd.
Business Wire - Tue Jan 13, 3:26PM CST
Fitch Ratings has affirmed the class A-1A, A-1B, and A-1C notes issued by KKR Financial CLO 2013-2 Ltd. (KKR 2013-2) at 'AAAsf'. The Rating Outlook remains Stable.
KFN: 11.54 (-0.28)
Fitch Affirms Alternative Asset Managers Following Peer Review
Business Wire - Fri Nov 07, 1:47PM CST
Fitch Ratings has affirmed the long-term Issuer Default Ratings (IDRs) assigned to The Blackstone Group, L.P. (Blackstone), The Carlyle Group L.P. (Carlyle), Fortress Investment Group LLC (Fortress), KKR & Co. L.P. (KKR), KKR Financial Holdings LLC (KFN), Oaktree Capital Group, LLC (Oaktree), Och-Ziff Capital Management Group LLC (OZM), and the various operating subsidiaries of Apollo Global Management LLC (Apollo). The Rating Outlooks are Stable. Approximately $7.4 billion of secured debt, unsecured debt, and preferred securities is affected by these actions.
KFN: 11.54 (-0.28), APO: 23.70 (+0.36), FIG: 7.92 (+0.22), OZM: 11.93 (-0.14)
Fitch Affirms KKR at 'A' and KFN at 'A-'; Outlooks Stable
Business Wire - Fri Nov 07, 11:02AM CST
Fitch Ratings has affirmed the long-term Issuer Default Ratings (IDR) of KKR & Co. L.P. and its related entities (collectively KKR) at 'A'. In addition, Fitch has assigned a long-term IDR of 'A' to KKR International Holdings L.P. The Rating Outlook is Stable. Approximately $1.5 billion of unsecured debt is affected by these actions.
KFN: 11.54 (-0.28)
LCI Successfully Closes US$325 Million Secured Asset-Backed Facility
PR Newswire - Wed Oct 01, 7:30AM CDT
LCI, the aviation leasing division of the Libra Group, has successfully closed a five-year, US$325 million asset-backed credit facility for its helicopter-leasing arm LCI Helicopters. The facility was substantially over-subscribed resulting in an enlarged provision to meet demand. An option to increase the facility to $425 million was also added. The funds will be used to expand the company's helicopter fleet. LCI Helicopters, in which KKR Financial Holdings, LLC, holds a minority stake, has been growing at scale since LCI's entry into the helicopter leasing market in 2012.
KFN: 11.54 (-0.28), CIT: 46.17 (-0.36)