KKR & Co (KKR), is in talks with a group of lenders, led by Blue Owl Capital Inc for a unitranche loan to refinance the debt load of its portfolio company, PetVet, according to a report by Bloomberg.
Quoting unnamed people familiar with the matter, the report said that KKR was close to receiving a $2.3bn unitranche loan, and that the loan would pay an interest margin of 6 percentage points over the Secured Overnight Financing rate.
The loan also includes $400m of preferred equity, according to the report.
