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KKR Financial to sell 20 million new shares

SAN FRANCISCO (MarketWatch) — KKR Financial Holdings said late Monday that it will sell 20 million new shares. The investment firm also said it transferred mortgage-backed securities to holders of its commercial paper in return for those noteholders releasing KKR Financial from its obligations to repay them. The company also announced that it agreed to sell a controlling interest in its real estate investment trust subsidiary to Rock Capital 2 LLC. KKR Financial is externally managed by KKR Financial Advisors LLC. KKR Financial Advisors LLC is an affiliate of Kohlberg Kravis Roberts & Co.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

This entry was posted on Monday, March 31st, 2008 at 4:01 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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