KKR Expands Revolving Credit Capacity to $350 Million

The agreement retains a potential expansion feature allowing total commitments up to $1.5 billion through 2027.

April 09, 2025

KKR Private Equity Conglomerate Upsizes Credit Line Amid Strategic Flexibility Push

KKR Private Equity Conglomerate has increased its credit capacity by $150 million, taking its total revolving facility to $350 million. The update, effective April 4, 2025, builds on a financing agreement first signed in December 2024. That agreement remains in place—same structure, same maturity date—but now with more room to maneuver.

What’s new in the credit facility?

Here’s what changed: KKR’s indirect subsidiaries, acting as borrowers, submitted a formal request to expand their existing credit facility. That request was accepted, with Sumitomo Mitsui Banking Corporation continuing in its role as administrative agent and joint lead arranger. KKR Capital Markets LLC, a KKR affiliate, also remains a joint lead arranger, working alongside other participating lenders.

The agreement gives KKR more than just added funding today. It keeps the door open for further expansion. Thanks to an uncommitted accordion feature baked into the terms, the total borrowing capacity could reach up to $1.5 billion. That means KKR can scale its access to capital if and when it makes sense—without renegotiating the full deal.

Why it matters

The facility still matures on December 23, 2027, unless closed earlier or accelerated by a default. No other material terms were changed.

For KKR, this is about staying agile. The additional $150 million adds breathing room for its operating companies and improves its ability to act on opportunities without delay. The accordion feature, still intact, ensures that runway can get longer as needs evolve.

As market conditions shift, having the flexibility to increase credit on demand can be a real advantage. With this updated facility, KKR positions itself to move quickly when timing matters—whether it’s for investments, liquidity, or other strategic moves.