KKR Infrastructure Expands Credit Agreement

The infrastructure arm of KKR negotiated a $100 million increase in its revolving credit facility, with a potential future expansion to $1 billion.

October 15, 2024

Expansion of Credit Agreement

KKR Infrastructure Conglomerate LLC, a key player within the infrastructure division of KKR, recently announced a major amendment to its revolving credit agreement. The amendment, signed on October 9, 2024, raises the available credit for the conglomerate’s subsidiaries by $100 million, bringing the total credit available to $400 million. This adjustment was made in coordination with Mizuho Bank Ltd., KKR Capital Markets LLC, and other lenders.

The increase in the revolving credit facility gives KKR’s infrastructure division greater financial flexibility to fund ongoing and future infrastructure investments. The agreement includes an accordion feature that could allow further expansion, potentially pushing the total credit facility to $1 billion.

Terms Remain Largely Unchanged

While the primary update to the agreement involves the increase in the borrowing limit, the core terms of the original arrangement, established in April 2024, remain intact. The amended agreement will continue until its original maturity date of April 2, 2027. However, provisions are included for early termination or acceleration if certain conditions are met, such as an event of default.