KKR Credit Income Fund – Initial Public Offering

23 Oct 2019

Gamma Advisory

OBJECTIVE

KKC targets a net return of 6-8% p.a. with a target net cash yield of
4-6% p.a. through the market cycle by investing in a global portfolio of traded and private credit.

INVESTMENT HIGHLIGHTS

Income through the market cycle
Capital preservation focus
Alignment of interests with unitholders
Portfolio diversification
Highly experienced credit team

INVESTMENT MANAGER

A Leading Global Alternative Investment Firm, KKR has approximately $206 billion in assets under management. KKR employs over 430 investment professionals globally, including approximately 120 investment professionals within the KKR Credit business. KKR Credit manages $69.8 billion of assets.

INFORMATION ON THE OFFER

PDS
Factsheet
FAQs
BondAdviser Research Report
KKC Website

KEY OFFER DETAILS

Proposed ASX code: KKC
Listed Investment Trust: KKR Credit Income Fund (ARSN 634 082 107) (“Trust”)
Responsible Entity: The Trust Company (RE Services) Limited (ACN 003 278 831)
Investment Manager: KKR Australia Investment Management Pty Limited (the “Manager”)
Lead Arrangers: Evans Dixon, Morgan Stanley, Morgans, NAB
Joint Lead Managers: Crestone, Ord Minnett, Wilsons
Units offered: Fully paid Units
Offer size (min/max): $200 million / $750 million
Subscription Price: $2.50
Pro forma NAV per Unit: $2.50 based on either the minimum or maximum subscription amount.

KEY DATES

Lodgement of this PDS with ASIC: 19 September 2019
General Offer and Broker Firm Offer opens: 14 October 2019
Broker Firm Offer closes: 31 October 2019
General Offer closes: 6 November 2019
Settlement Date: 14 November 2019
Expected to commence trading on ASX: 21 November 2019

Contact

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