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KKR makes Saudi Arabia debut with private credit deal

privateequitywire

5 months ago

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KKR has agreed to provide private credit financing to a desalination plant in Saudi Arabia, marking the alternative asset manager’s first investment deal in the kingdom, according to a report by Bloomberg.
The firm will act as an anchor lender in a long-term financing package for the facility, which is majority owned by Acwa Power. The Saudi-listed utility, backed by the Public Investment Fund, plays a key role in supplying water to the Mecca region.
The transaction follows a busy period for KKR...

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