KKR Financial Holdings LLC Announces Closing Of KKR Financial CLO 2013-2, Ltd.

KKR Financial Holdings LLC Announces Closing Of KKR Financial CLO 2013-2, Ltd.

PR Newswire

SAN FRANCISCO, Jan. 23, 2014

SAN FRANCISCO, Jan. 23, 2014 /PRNewswire/ --KKR Financial Holdings LLC
(NYSE:KFN) (the "Company") today announced the closing of KKR Financial CLO
2013-2, Ltd. ("CLO 2013-2" or the "CLO"), a $384 million collateralized loan
obligation transaction. GreensLedge Capital Markets LLC acted as arranger and
placement agent and KKR Capital Markets LLC acted as placement agent.

Proceeds will be used to finance a portfolio of primarily senior secured
leveraged loans. The CLO has a four-year reinvestment period and a two-year
non-call period, with a final maturity of January 23, 2026. KKR Financial
Advisors II, LLC, a wholly-owned subsidiary of KKR Asset Management LLC, will
serve as collateral manager. KKR Asset Management LLC oversaw approximately
$21 billion of predominantly credit investments as of September 30, 2013.

The Company will hold the entirety of the CLO's approximately $45 million of
subordinated notes. Apart from these subordinated notes held by the Company,
the notes issued by CLO 2013-2 are non-recourse to the Company.

Craig J. Farr, CEO of KFN, said: "This transaction reflects our goal of being
a frequent issuer in the CLO market. We continue to see attractive
risk-adjusted cash returns in CLO subordinated notes, which have the added
benefit of diversifying KFN's CLO portfolio."

About KKR Financial Holdings LLC
KKR Financial Holdings LLCis a specialty finance company with expertise in a
range of asset classes. KFN's core business strategy is to leverage the
proprietary resources of its manager with the objective of generating both
current income and capital appreciation. KFN executes its core business
strategy through its majority-owned subsidiaries. KFN is externally managed
byKKR Financial Advisors LLC, a wholly-owned subsidiary ofKKR Asset
Management LLC, which is a wholly-owned subsidiary of Kohlberg Kravis Roberts
& Co. L.P. Additional information regarding KFN is available
athttp://www.kkr.com.

Investor Relations Contact:
Pam Testani Tholen
Kohlberg Kravis Roberts & Co.
Tel: +1 (855) 374-5411 (US) / +1 (415) 315-3633
kfn.ir@kkr.com

Media Contact:
Kristi Huller
Kohlberg Kravis Roberts & Co.
Tel: +1 (212) 230-9722
kristi.huller@kkr.com

SOURCE KKR Financial Holdings LLC

Website: http://www.kkr.com
 
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