M&A - Capital Group KKR Multi-Sector (plus)

Form Type: SCHEDULE 13D

Filing Date: 2025-04-30

Corporate Action: Acquisition

Type: New

Accession Number: 000114036125016735

Filing Summary: On April 23, 2025, Global Atlantic Limited (Delaware), part of a group of Reporting Persons affiliated with KKR & Co. Inc., acquired 7,500,000 Class F-3 Shares of Beneficial Interest from Capital Group KKR Multi-Sector (plus) for $75,000,000. The funding for this transaction was sourced from the general cash balances of the insurance company. This acquisition resulted in Global Atlantic Limited owning more than 5% of the Issuer's outstanding Shares, which may influence control over the Issuer, albeit not intended for such a purpose. The Reporting Persons do not plan on additional purchases of the Issuer's securities but may explore the option to repurchase shares depending on various market conditions. The transaction highlights the Reporting Persons' significant influence and ties to the Issuer's investment strategies, facilitated through their advisory relationship with KKR Credit Advisors (US) LLC. Global Atlantic Limited's share acquisition is part of a strategic move to enable the Issuer to commence operations and expand its investment portfolio. The aggregate outstanding Shares count stood at 14,496,000 as of April 30, 2025.