03/28/2008 02:46 am ET Updated May 25, 2011

KKR In Credit Crunch

Even the barbarians didn't think the credit crisis would last this long.

A firm affiliated with leveraged buyout giant Kohlberg Kravis Roberts & Co., run by billionaire Henry Kravis, was forced to seek a two-week delay on the repayment of billions of dollars of debt after failing to find investors to refinance.

KKR Financial Holdings, whose stock has fallen 50 percent in the last six months, said yesterday that it had reached an agreement with its lenders to delay repayment of the short-term debt while it continues discussions on restructuring.

Keep Reading

Read more takes on KKR's refinancing woes from the Globe & Mail, the Financial Times, Bloomberg News (via the NYT), and MarketWatch.