Kohlberg Kravis Roberts 8-K

Summary

KKR reached a civil settlement with the U.S. Department of Justice over certain 2021–2022 premerger filings. The settlement resolves the complaint and related investigations, subject to court approval. KKR says it disagrees with the DOJ’s characterization but chose to settle to avoid the distraction of continued litigation.

Key Figures

• Settlement payment: $250M by a KKR subsidiary to the DOJ; KKR says outside law firms will fully reimburse it, with no financial impact to the firm, its funds or investors.
• The proposed final judgment requires judicial approval before the settlement takes effect.

Investor Takeaways

• Court approval of the proposed final judgment is the remaining step for the settlement to become effective.