KKR Units Invest In Centro Ahead Of Restructuring Vote

Law360, New York (November 8, 2011, 3:50 PM EST) -- Units of private equity firm Kohlberg Kravis Roberts & Co. took a stake in the Centro Retail Group ahead of an investor vote on the shopping center owner's restructuring plan, according to an Australian Stock Exchange filing Tuesday.

The three KKR-linked entities have invested in the Australian company at the level of "substantial holders," according to the filing, which did not provide details of the stake. The investors join about 90 senior lenders, including Merrill Lynch & Co. Inc. and Centerbridge Partners LP, who are entitled as a group to up to 74 percent of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.