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KKR Provides Up to $300MM Global Accounts Receivable Facility to Weber

Date: Jan 22, 2024 @ 08:03 AM
Filed Under: Consumer Products

KKR's private credit funds and accounts provided a non-recourse accounts receivable financing for Weber LLC, the global leader in outdoor cooking products, innovation, and technology, to support the company’s operations and strategic investments in long-term growth.

The initial $200 million facility is collateralized by certain accounts receivables of Weber in the U.S. and international markets, with subsequent closes of up to $100 million across European markets expected in the first half of 2024. KKR Capital Markets acted as lead arranger and sole bookrunner.

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