KKR & Co., the private equity firm that moved its shares to the New York Stock Exchange in July, sold bonds for the first time, boosting its offering of 10-year senior unsecured notes to $500 million from $350 million, according to a person familiar with the sale.
The notes yield 387.5 basis points more than similar-maturity Treasuries, Bloomberg data show.
The notes were sold through KKR Group Finance, Bloomberg data show. Proceeds will be used for general corporate purposes, KKR said Wednesday in a news release. Kristi Huller, a spokeswoman for KKR, declined to comment beyond the statement.
Blackstone Group on Sept. 15 issued $400 million of debt priced at a spread of 325 basis points, according to data compiled by Bloomberg.