Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Computing
Conference & Expo
November 2-4, 2009 NYC
Register Today and SAVE !..

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
KKR Financial Holdings LLC Announces New $150 Million Revolving Credit Facility

SAN FRANCISCO, Dec. 5, 2012 /PRNewswire/ -- KKR Financial Holdings LLC (NYSE:KFN) (the "Company") today announced that the Company entered into a credit agreement with Citibank N.A., Bank of America, N.A., Deutsche Bank AG New York Branch, Morgan Stanley Bank, N.A., Royal Bank of Canada, Societe Generale, and Wells Fargo Bank, National Association for a new three-year $150 million revolving credit facility (the "Facility").  The Facility replaces the Company's $250 million credit facility (the "Prior Facility") that was due to mature in May 2014.  The material terms of the Facility are outlined in a Form 8-K filed today by the Company with the Securities and Exchange Commission.

Highlights of the Facility are as follows:

  • The initial commitments under the Facility total $150 million with the ability to obtain additional commitments to increase the total committed amount up to $350 million.
  • The Facility matures in November 2015 as compared to May 2014 for the Prior Facility.
  • Loans under the Facility bear interest at LIBOR plus 2.25% (or, at the Company's option, a base rate plus 1.25%) as compared to LIBOR plus 3.25% (or a base rate plus 2.25%) for the Prior Facility.
  • The Facility does not limit the percentage of the Company's estimated annual taxable income that can be paid to shareholders as distributions, whereas the Prior Facility prohibited payment of distributions in excess of 65% of the Company's estimated annual taxable income.
  • The Facility is secured by a pledge over the capital stock of certain of the Company's direct subsidiaries and borrowings are not tied to asset values, whereas borrowings under the Prior Facility were determined by advance rates applied to market values of assets pledged to the Prior Facility.

"Our new credit facility provides us with a source of incremental liquidity for transactions and working capital whose borrowing limits are not impacted by mark-to-market valuation provisions.  This is a significant improvement from our prior credit facility, under which borrowings were not insulated from asset price fluctuations," said William C. Sonneborn, Chief Executive Officer of the Company.  "Removing these mark-to-market provisions as well as restrictions on our distributions enhances our flexibility to drive value for shareholders."

ABOUT KKR FINANCIAL HOLDINGS LLC

KKR Financial Holdings LLC is a specialty finance company with expertise in a range of asset classes. KFN's core business strategy is to leverage the proprietary resources of its manager with the objective of generating both current income and capital appreciation. KFN executes its core business strategy through its majority-owned subsidiaries. KFN is externally managed by KKR Financial Advisors LLC, a wholly-owned subsidiary of KKR Asset Management LLC, which is a wholly-owned subsidiary of Kohlberg Kravis Roberts & Co. L.P. Additional information regarding KKR Financial Holdings LLC is available at http://www.kkr.com.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on information available to the Company as of the date of this press release and actual results may differ. These forward-looking statements involve known and unknown risks, uncertainties and other factors beyond the Company's control. Any forward-looking statements speak only as of the date of this press release and the Company expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. For additional information concerning risks, uncertainties and other factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to the Company's business in general, please refer to the Company's SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2011, filed with the SEC on February 28, 2012.

CONTACT INFORMATION


Investor Relations:


Media Contact:

Pam Testani


Kristi Huller

KKR Financial Holdings LLC


Kohlberg Kravis Roberts & Co. L.P.

Tel: +1 (415) 315-6597


Tel: +1 (212) 230-9722

investor-relations@kkr.com


media@kkr.com

SOURCE KKR Financial Holdings LLC

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

SOA World Latest Stories
Many mid-market companies have invested significant time and resources to secure and back up their servers, client computers, data, and overall network infrastructure in what was the traditional client-server setup. Now, what were considered emerging technologies just a few years ago, ...
Processes are not documented and reused by a set of individuals because they lead to failure. Like design patterns, they are documented and reused because they lead to success. They are all put together by very talented people who have successfully used them to develop software multip...
Internet of @ThingsExpo, taking place Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 15th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Thing...
The premiere issue of the Internet of @ThingsExpo Newsletter contains highlights of the hottest sessions and speakers from Internet of @ThingsExpo, Call for Papers, and sponsorship opportunities. Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair...
up.time, from uptime software, monitors performance, availability and capacity across all servers, virtual machines, applications, IT services, and the network. Proactively find IT system performance issues before they happen, report on total capacity, easily identify troublemakers, tr...
I'm reading a McKinsey report from May 2013 that talks about 12 disruptive technologies, including cloud computing and the Internet of Things (IoT). I'll focus on the IoT here. The report estimates the IoT Internet to be worth between $2.7 and $6.2 trillion by the year 2025.(The world'...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE