KKR’s private credit funds and accounts provided non-recourse accounts receivable financing for outdoor grill and cooking products company Weber, LLC, to support 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.
Image courtesy of Weber, LLC
