On July 15, KKR rose 4.19% in regular trading, trading at $101.245/share, with turnover of $98.45 million. The stock was buoyed by the announcement of a major private credit transaction with PayPal.
KKR's managed private credit funds will acquire approximately €40 billion in buy now, pay later receivables originated by PayPal across France, Germany, Italy, Spain, and the United Kingdom, under a new €3 billion multi-year forward-flow loan commitment. The agreement also covers ongoing purchases of future eligible BNPL loans. Simultaneously, KKR launched a securitization offering backed by PayPal's German BNPL loans, with pricing expected by end of this week.
The deal reinforces KKR's aggressive deployment across private credit markets. In the broader Asset Management sector, peers also traded higher, with BlackRock up 7.39%, Blackstone up 3.99%, and Blue Owl Capital up 2.96%, reflecting positive sector sentiment. KKR's next earnings report is scheduled for July 30, with consensus EPS estimates at $1.29.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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