KKR Real Estate Finance Trust Inc. Announces Closing of New $550 Million Senior Secured Term Loan B
KKR Real Estate Finance Trust (KREF) has successfully closed a new $550 million Senior Secured Term Loan B due in 2032. The new loan, priced at 99.875% with an interest rate of SOFR plus 325 basis points, will be used to repay the existing Term Loan B due in 2027, settle other debts, and support general corporate purposes.
According to Patrick Mattson, President and COO of KREF, this 7-year deal strengthens their position in the Term Loan B market while extending their capital duration. The transaction enhances their Non-Mark-To-Market liability structure, coinciding with their return to active market lending.
KKR Real Estate Finance Trust (KREF) ha chiuso con successo un nuovo prestito senior garantito a termine B da 550 milioni di dollari in scadenza nel 2032. Il nuovo prestito, con un prezzo del 99,875% e un tasso d'interesse di SOFR più 325 punti base, sarà utilizzato per rimborsare il prestito a termine B esistente in scadenza nel 2027, saldare altri debiti e supportare scopi aziendali generali.
Secondo Patrick Mattson, Presidente e COO di KREF, questo accordo di 7 anni rafforza la loro posizione nel mercato dei prestiti a termine B, prolungando al contempo la durata del loro capitale. La transazione migliora la loro struttura di passività non soggette a valutazione di mercato, in coincidenza con il loro ritorno al prestito attivo nel mercato.
KKR Real Estate Finance Trust (KREF) ha cerrado con éxito un nuevo préstamo senior garantizado a plazo B de 550 millones de dólares que vence en 2032. El nuevo préstamo, con un precio del 99,875% y una tasa de interés de SOFR más 325 puntos básicos, se utilizará para pagar el préstamo a plazo B existente que vence en 2027, liquidar otras deudas y apoyar fines corporativos generales.
Según Patrick Mattson, Presidente y COO de KREF, este acuerdo de 7 años fortalece su posición en el mercado de préstamos a plazo B, al tiempo que extiende la duración de su capital. La transacción mejora su estructura de pasivos no sujetos a valoración de mercado, coincidiendo con su regreso a la concesión activa de préstamos en el mercado.
KKR 부동산 금융 신탁 (KREF)는 2032년에 만기가 도래하는 5억 5천만 달러 규모의 선순위 담보 기한 B 대출을 성공적으로 마감했습니다. 새로운 대출은 99.875%의 가격과 SOFR에 325 베이시스 포인트를 더한 이자율로 설정되며, 2027년에 만기가 도래하는 기존 기한 B 대출을 상환하고, 기타 부채를 정산하며, 일반 기업 목적을 지원하는 데 사용될 것입니다.
Patrick Mattson KREF의 사장 겸 COO에 따르면, 이 7년짜리 거래는 기한 B 대출 시장에서의 입지를 강화하고 자본의 기간을 연장합니다. 이 거래는 시장 가치 평가를 받지 않는 부채 구조를 개선하며, 적극적인 시장 대출로의 복귀와 일치합니다.
KKR Real Estate Finance Trust (KREF) a réussi à clore un nouveau prêt senior garanti à terme B de 550 millions de dollars arrivant à échéance en 2032. Le nouveau prêt, fixé à 99,875 % avec un taux d'intérêt de SOFR plus 325 points de base, sera utilisé pour rembourser le prêt à terme B existant arrivant à échéance en 2027, régler d'autres dettes et soutenir des objectifs d'entreprise généraux.
Selon Patrick Mattson, Président et COO de KREF, cet accord de 7 ans renforce leur position sur le marché des prêts à terme B tout en prolongeant la durée de leur capital. La transaction améliore leur structure de passifs non soumis à la valorisation de marché, coïncidant avec leur retour au prêt actif sur le marché.
KKR Real Estate Finance Trust (KREF) hat erfolgreich einen neuen Senior Secured Term Loan B über 550 Millionen Dollar mit Fälligkeit im Jahr 2032 abgeschlossen. Der neue Kredit, der zu 99,875 % mit einem Zinssatz von SOFR plus 325 Basispunkten bewertet ist, wird verwendet, um den bestehenden Term Loan B, der 2027 fällig wird, zurückzuzahlen, andere Schulden zu begleichen und allgemeine Unternehmenszwecke zu unterstützen.
Laut Patrick Mattson, Präsident und COO von KREF, stärkt dieses 7-Jahres-Geschäft ihre Position im Term Loan B-Markt und verlängert gleichzeitig die Kapitaldauer. Die Transaktion verbessert ihre Struktur der nicht marktfähigen Verbindlichkeiten und fällt mit ihrer Rückkehr zum aktiven Markt-Kreditgeschäft zusammen.
- Secured substantial $550M in new financing
- Extended debt maturity by 5 years (from 2027 to 2032)
- Strengthened Non-Mark-To-Market liability structure
- Return to active lending operations
- Higher interest rate exposure with SOFR + 325 basis points
- Slight discount on loan pricing at 99.875%
Patrick Mattson, President and Chief Operating Officer of KREF, stated: “KREF is pleased to grow its presence in the Term Loan B market with our new,
About KKR Real Estate Finance Trust Inc.
KKR Real Estate Finance Trust Inc. is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate properties. KREF is externally managed and advised by an affiliate of KKR & Co. Inc. For additional information about KREF, please visit its website at www.kkrreit.com.
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Investor Relations:
Jack Switala
(212) 763-9048
kref-ir@kkr.com
Media:
Miles Radcliffe-Trenner
Tel: (212) 750-8300
media@kkr.com
Source: KKR Real Estate Finance Trust Inc.
FAQ
What are the terms of KREF's new $550 million Term Loan B?
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