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DEBT OBLIGATIONS (Tables)
9 Months Ended
Sep. 30, 2013
DEBT OBLIGATIONS  
Schedule of debt obligations

 

 

 

September 30, 2013

 

December 31, 2012

 

 

 

Carrying Value

 

Fair Value (a)

 

Carrying Value

 

Fair Value (a)

 

Senior Notes

 

 

 

 

 

 

 

 

 

2020 Senior Notes - KKR Issued 6.375% Notes Due 9/29/2020, $500 Million Principal Amount

 

$

498,544

 

$

575,000

 

$

498,388

 

$

579,200

 

2043 Senior Notes - KKR Issued 5.500% Notes Due 2/1/2043, $500 Million Principal Amount

 

494,407

 

422,550

 

 

 

 

 

$

992,951

 

$

997,550

 

$

498,388

 

$

579,200

 

 

(a)                  Fair value is determined by third party broker quotes and these notes are classified as Level II within the fair value hierarchy.

 

 

 

September 30, 2013

 

December 31, 2012

 

 

 

Outstanding

 

Available

 

Outstanding

 

Available

 

Investment Financing Arrangements (a)

 

 

 

 

 

 

 

 

 

Investment Financing Arrangements (b) (c)

 

$

1,034,165

 

$

353,640

 

$

625,026

 

$

377,055

 

 

(a)                  Certain of KKR’s investment vehicles have entered into financing arrangements with major financial institutions, generally in connection with specific investments with the objective of enhancing returns or to provide liquidity to such vehicles. These financing arrangements are generally not direct obligations of the general partners of KKR’s investment vehicles or its management companies.

(b)                  Weighted average interest rate is 2.80% and 3.09% as of September 30, 2013 and December 31, 2012.

(c)                   Weighted average years to maturity is 2.0 years and 3.2 years as of September 30, 2013 and December 31, 2012.

 

 

 

September 30, 2013

 

December 31, 2012

 

 

 

Outstanding

 

Available

 

Outstanding

 

Available

 

Revolving Credit Arrangements

 

 

 

 

 

 

 

 

 

Revolving Credit Arrangements

 

$

 

$

1,250,000

 

$

 

$

1,250,000