KKR & Co. Inc. 8-K

What Happened
KKR filed an 8-K on January 16, 2026 reporting that Global Atlantic Limited (Delaware) and Global Atlantic (Fin) Company (the Guarantors), together with certain insurance company subsidiaries (the Borrowers), entered into a Credit Agreement with Wells Fargo Bank, N.A. as administrative agent and other lenders. The agreement establishes an unsecured revolving credit facility providing $3.00 billion in capacity as of January 16, 2026, with an option to increase commitments up to $3.50 billion, and is scheduled to mature on January 15, 2027 (364‑day facility).

Key Details

• Facility size: $3.00 billion initial aggregate principal, with option to increase by up to $500 million (to $3.50 billion) subject to lender commitments.
• Term/maturity: 364‑day facility maturing Jan 15, 2027; may be extended for additional 364‑day periods with lender consent. Borrowers may prepay or terminate commitments without penalty.
• Pricing and fees: interest based on term SOFR + margin (1.10%–1.375% based on ratings) or alternate base rate + margin (0.10%–0.375%); unused commitment fee 0.125%–0.225% (ratings‑based).
• Covenants and guarantees: unsecured facility guaranteed by the Guarantors; financial covenants require GALD group to keep debt-to-capitalization ≤35% and maintain a minimum net worth floor tied to Dec 31, 2023 net worth and subsequent earnings; customary covenants and events of default apply.

Why It Matters
This credit facility creates a new, material financing source and a direct financial obligation for Global Atlantic and its guarantors, improving liquidity flexibility for working capital, corporate needs and growth initiatives. The size, short-term maturity (with annual extension option), rating‑based pricing and financial covenants are important for investors to monitor because they affect leverage, liquidity planning and potential constraints on the business if covenants tighten or lenders do not consent to extensions.