KKR Taps Private Credit Loan for Australian Software Firm MYOB

KKR & Co. is in talks for a new loan with private credit lenders for MYOB, an Australian accounting software firm that the private equity giant acquired in 2019, people familiar with the matter said.

The senior loan will be used to repay MYOB’s junior debt, according to the people, who asked not to be identified as the matter is private. It will pay a margin in the 400 basis points-plus range, according to the people. The size of the junior tranche in question is A$145 million ($95.7 million) according to data compiled by Bloomberg.

KKR is finalizing the ...