Falcon Group secures US$100M 5 year term loan from KKR to accelerate growth

Here’s what they had to say

Falcon Group, one of the world’s leading specialist financiers focused on providing Falcon Group secures US$100M 5-year term loan from KKR to accelerate growth tailored and flexible financing solutions to mid-cap companies, has today announced that it has secured US$100M in funding from KKR’s credit platform (‘KKR Credit’).

With nine offices worldwide, Falcon continues to see widespread and growing demand from corporates looking for innovative funding solutions. The company now operates in over 30 countries and across 15 industries having deployed over US$8bn in the last three years. The inaugural deal – in line with the company’s three-year strategic plan – will serve to both diversify the company’s funding sources and provide additional capacity to scale up its financing capacity rapidly in coming years.

“This investment from KKR Credit – one of the most prestigious institutional investors in the world, is a testament to the strength of our business and financial position,” said Chris Howarth, CFO of Falcon Group. “The deal provides long term capital and a platform for future growth, allowing Falcon to meet the continued demand for its products and serve our growing global client base.”

Founded over 20 years ago, Falcon Group is one of the largest providers of specialist finance solutions globally – providing in excess of US$20bn of funding to-date. Already this year, Falcon has made a number of additional hires to source further opportunities in the Asia-Pacific region.

Dan Pietrzak, managing director at KKR Credit, said: “We are pleased to provide this loan to Falcon Group, an industry-leading specialist trade finance firm with a global footprint. We believe that the Company’s twenty year track record of underwriting transactions with low impairments and its efficient deployment of capital provide a strong foundation for future growth. We look forward to working with the Falcon team to support their incremental origination efforts and expand their product offering.