KKR (NYSE: KKR) details $3B Global Atlantic revolving credit facility

Rhea-AI Filing Summary

KKR & Co. Inc. reports that Global Atlantic Limited, Global Atlantic (Fin) Company and certain insurance subsidiaries have entered into a new unsecured revolving credit agreement with Wells Fargo Bank and other lenders. The agreement provides a $3.00 billion credit facility as of January 16, 2026, with an option to request up to an additional $500 million, for a total of $3.50 billion, subject to lender commitments.

The facility is a 364-day revolving line of credit scheduled to mature on January 15, 2027, and may be extended for additional 364-day periods with lender consent. It can be prepaid, terminated or reduced at any time without penalty and is available for working capital, general corporate purposes and growth initiatives of the Global Atlantic credit parties. Borrowings accrue interest at either term SOFR plus a ratings-based margin of 1.10%–1.375% or an alternate base rate plus a margin of 0.10%–0.375%, with an additional commitment fee of 0.125%–0.225% on unused commitments. Borrowings are guaranteed by the guarantor entities.

Insights

Credit & capital structure analyst

Global Atlantic adds a large, flexible short-term credit line.

The Global Atlantic entities affiliated with KKR & Co. Inc. have secured an unsecured revolving credit facility of $3.00 billion, with the option to seek an additional $500 million. This 364-day structure, maturing on January 15, 2027, provides committed liquidity that can be drawn and repaid as needed for working capital, general corporate purposes and growth initiatives.

Pricing is tied to credit ratings, with term SOFR-based borrowings carrying a margin between 1.10% and 1.375%, and alternate base rate borrowings carrying a margin between 0.10% and 0.375%. A commitment fee of 0.125% to 0.225% applies to undrawn amounts, which is typical for revolving facilities of this type. Because the facility is unsecured and can be prepaid, terminated or reduced without penalty, actual usage will depend on the Global Atlantic entities’ funding needs and other available funding sources over the facility term.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 16, 2026

KKR & CO. INC.

(Exact name of registrant as specified in its charter)

Delaware	001-34820	88-1203639
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

30 Hudson Yards
New York, New York (Address of principal executive offices) 10001
(Zip Code)

 (212) 750-8300

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(Former name or former address, if changed since last report)

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):

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common Stock		KKR		New York Stock Exchange
6.25% Series D Mandatory Convertible Preferred Stock		KKR PR D		New York Stock Exchange
4.625% Subordinated Notes due 2061 of KKR Group Finance Co. IX LLC		KKRS		New York Stock Exchange
6.875% Subordinated Notes due 2065		KKRT		New York Stock Exchange

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).

☐ Emerging growth company

☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 1.01. Entry into a Material Definitive Agreement.

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

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

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:

• financial covenants that require GALD and its consolidated subsidiaries (excluding certain specified subsidiaries) to maintain (A) a debt to total capitalization ratio of not greater than 35%, and (B) a net worth of not less than the sum of (i) 70% of the net worth of GALD and such subsidiaries as of December 31, 2023 and (ii) 50% of the aggregate net income of GALD and such subsidiaries since December 31, 2023 (to the extent positive);

• customary representations, affirmative covenants and certain negative covenants, including certain limitations on the ability of the Credit Parties and their material subsidiaries to, among other things, incur liens upon their assets, incur indebtedness, engage in transactions with affiliates, or make fundamental changes or changes in the nature of their business; and

• customary events of default, upon the occurrence of which the lenders will have the ability to accelerate all outstanding loans under the Credit Facility and terminate the commitments.

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.

	KKR & CO. INC.
Date: January 16, 2026	By:	/s/ Christopher Lee
	Name:	Christopher Lee
	Title:	Secretary

FAQ

What new credit facility did KKR (KKR) disclose for Global Atlantic?

The filing describes a new unsecured revolving credit facility for Global Atlantic entities with an aggregate principal amount of $3.00 billion as of January 16, 2026, under a Credit Agreement with Wells Fargo Bank and other lenders.

Can the Global Atlantic credit facility amount be increased?

Yes. The Credit Agreement permits a requested increase of up to an additional $500 million, allowing the total facility size to reach $3.50 billion, subject to conditions including new or increased lender commitments.

When does the Global Atlantic revolving credit facility mature?

The facility is a 364-day revolving credit line scheduled to mature on January 15, 2027, with the possibility of further 364-day extensions at the borrowers’ option and with lender consent.

What are the permitted uses of the Global Atlantic credit facility?

Borrowings under the facility may be used for working capital, general corporate purposes and growth initiatives of the Global Atlantic credit parties.

How is interest calculated on borrowings under the Global Atlantic facility?

Interest is based on either term SOFR plus a ratings-based margin ranging from 1.10% to 1.375%, or an alternate base rate plus a margin ranging from 0.10% to 0.375%, as specified in the Credit Agreement.

Is there a fee on unused commitments under the Global Atlantic facility?

Yes. The credit parties pay a commitment fee on unused commitments at a rate per annum based on a ratings-based grid ranging from 0.125% to 0.225%.

Who guarantees the Global Atlantic revolving credit facility?

Borrowings under the facility are guaranteed by Global Atlantic Limited (Delaware) and Global Atlantic (Fin) Company, which are identified in the filing as the guarantors.