When private equity firm KKR & Co set its sights on a small Midwestern retailer in late 2015, it turned to some of the largest banks on Wall Street to obtain debt financing for the acquisition. After a handshake deal with the company over the Thanksgiving holiday weekend, KKR was unable to get the money it needed from the two dozen banks it contacted, as a sharp market sell-off sparked a broad pull-back from lending. Rather than walk away from the deal, a team of capital markets professionals on the 41st floor of KKR's headquarters in Midtown Manhattan took matters into their own hands.
KKR & Co. (KKR) seems poised to beat estimates in the upcoming earnings season, as it has a favorable Zacks Rank and a positive ESP.
KKR & Co. L.P. (KKR)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||14.00 x 700|
|Ask||14.08 x 200|
|Day's Range||13.80 - 14.18|
|52wk Range||10.89 - 19.20|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-16.08|
|Avg Vol (3m)||2,002,053|
|Dividend & Yield||0.64 (4.61%)|