U.S. buyout firm Kohlberg Kravis Roberts & Co. (KKR) has acquired $78.4 million worth of debt in Australian property trust Centro Retail Group, The Wall Street Journal reports. Three entities in KKR’s public markets business, KKR Financial Holdings, KKR-Milton Capital Partners and KKR-Keats Capital Partners, along with associates bought the holding in Centro.
The debt stake can be converted into equity interest of less than 3 percent in the company. The Centro Retail Group has a regional portfolio and a market capitalization of $628.8 million.
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