KKR's private credit funds and accounts provided a non-recourse accounts receivable financing for Weber LLC, the global leader in outdoor cooking products, innovation, and technology, to support the company’s operations and strategic investments in long-term growth.
The initial $200 million facility is collateralized by certain accounts receivables of Weber in the U.S. and international markets, with subsequent closes of up to $100 million across European markets expected in the first half of 2024. KKR Capital Markets acted as lead arranger and sole bookrunner.