CREDIT AGREEMENT Dated as of November 10, 2008 among KKR FINANCIAL HOLDINGS LLC and THE SUBSIDIARIES OF KKR FINANCIAL HOLDINGS LLC PARTIES HERETO as the Borrowers,Credit Agreement • November 12th, 2008 • KKR Financial Holdings LLC • Finance services • New York
This CREDIT AGREEMENT (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, this “Agreement”) is entered into as of November 10, 2008, among (i) KKR FINANCIAL HOLDINGS LLC, a Delaware limited liability company (“KKR Financial”), KKR TRS HOLDINGS, LTD., a Cayman Islands company (“KKR TRS LTD”), KKR FINANCIAL HOLDINGS II, LLC, a Delaware limited liability company (“KKR Holdings II”), KKR FINANCIAL HOLDINGS III, LLC, a Delaware limited liability company (“KKR Holdings III”), KKR FINANCIAL HOLDINGS, INC., a Delaware corporation (“KKR Holdings”), and KKR FINANCIAL HOLDINGS, LTD., a Cayman Islands company (“KKR Holdings LTD,” and collectively with KKR Financial, KKR TRS LTD, KKR Holdings II, KKR Holdings III and KKR Holdings, the “Borrowers” and each, individually, a “Borrower”), (ii) each lender from time to time party hereto (collectively, the “Lenders” and, each individually, a “Lender”), (iii) BANK OF AMERICA, N.A., a national banking associati
REVOLVING CREDIT AGREEMENT November 10, 2008Revolving Credit Agreement • November 12th, 2008 • KKR Financial Holdings LLC • Finance services • New York
Subject to the terms of conditions of this Revolving Credit Agreement (this “Agreement”), each Lender listed on Schedule 1 hereto (each, a “Lender” and collectively, the “Lenders”) severally agrees to make advances in U.S. Dollars or any Alternative Currency (as defined below) (each, an “Advance” and collectively, the “Advances”) on a revolving basis to the parties listed on Schedule 2 hereto (each, a “Borrower” and collectively, the “Borrowers”), ratably in accordance with its Commitment Percentage in an aggregate principal amount at any time outstanding not to exceed such Lender’s Commitment plus such Lender’s Commitment Percentage of the PIK Amount. Amounts borrowed under the Commitments may be prepaid and reborrowed from time to time in accordance with the terms of this Agreement.
