Current Report · Items 1.01, 2.03, 9.01 · 8-K
KKR Private Equity Conglomerate LLC
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Item 1.01. Entry into a Material Definitive Agreement The information set forth in Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01.
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. Entry into a Material Definitive Agreement
The information set forth in Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
On September 11, 2026, certain indirect subsidiaries (collectively, the “Borrowers”) of KKR Private Equity Conglomerate LLC (the “Company”) entered into an Amended and Restated Revolving Credit Agreement (the “Amended and Restated Agreement”) with Sumitomo Mitsui Banking Corporation (“SMBC”), as joint lead arranger and administrative agent, KKR Capital Markets LLC (“KCM”), an affiliate of the Company, as joint lead arranger, and the lenders party thereto. The Amended and Restated Agreement amends that certain revolving credit agreement, dated as of December 23, 2024 (the “Credit Agreement”) with SMBC, as joint lead arranger and administrative agent, KCM, as joint lead arranger, and the lenders party thereto.
Pursuant to the Amended and Restated Agreement, the credit available to the Borrowers was increased by $100 million to an aggregate principal amount of $1.325 billion and the uncommitted accordion feature was increased by $1.0 billion to allow the Borrowers to increase the commitment to up to $2.5 billion in the aggregate. The interest rate margin available to the Borrowers on Term Rate Loans, Daily SOFR Loans and Base Rate Loans was reduced by 50 basis points and includes a new feature whereby the interest rate margin will be increased by (i) 50 basis points if the LTV is equal to or greater than 27.50% and (ii) 200 basis points during the existence of certain Events of Default (as defined in the Amended and Restated Agreement). In addition, pursuant to the Amended and Restated Agreement, the maturity of the Credit Agreement was extended from December 23, 2027 to September 11, 2029, unless there is an earlier termination or an acceleration following an event of default.
Except as described above, the material terms of the Credit Agreement remain unchanged by the Amended and Restated Agreement.
The foregoing summary description of the Amended and Restated Agreement does not purport to be complete and is qualified in its entirety by reference to the Amended and Restated Agreement, a copy of which is included as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.