KKR Real Estate Finance Trust Results Presentation Deck
Financing Overview: 71% Non-Mark-To-Market
Diversified financing sources totaling $6.7 billion with $1.4 billion of undrawn capacity
Summary of Outstanding Financing
($ in Millions)
Term Credit Facilities
Term Lending
Agreements
Warehouse Facility
Asset Specific
Financing
Secured Term Loan
Convertible
Notes
Corporate Revolving
Credit Facility
Total Corporate
Obligations
Term Loan Facility
Collateralized Loan
Obligations
Total Leverage
Maximum
Capacity
$1,840
$1,172
$500
$300
$350
$144
$335
$4,641
$1,000
$1,095
$6,736
Outstanding
Face Amount
$1,555
$1,118
$0
$60
$350
$144
$135
$3,362
$870
$1,095
$5,327
Weighted Avg.
Coupon
L+1.6%
L+1.8%
n/a
L+1.7%
L+3.5% (5)
6.1%
L+2.0%
L+1.6%
L+1.3%
Advance
Rate
69.7%
81.1%
n/a
78.9%
80.7%
84.3%
Non-
MTM
(1)
(1) Term credit facilities are marked to credit only and not subject to capital markets mark-to-market provisions.
(2) Represents (i) total outstanding debt agreements (excluding non-recourse term loan facility), secured term loan and convertible notes, less cash to (ii) total
permanent equity, in each case, at period end.
(3) Represents (i) total outstanding debt agreements, secured term loan, convertible notes, and collateralized loan obligation, less cash to (ii) total permanent
equity, in each case, at period end.
(4) Based on outstanding face amount of secured financing, including non-consolidated senior interests, which result from non-recourse sales of senior loan interest
in loans KREF originated, and excludes convertible notes and the corporate revolving credit facility.
(5) Loan bears interest at L +3.5% and is subject to a LIBOR floor of 0.5%.
13
Asset Specific
Financing
1%
Senior Loan
Interests
6%
Leverage Ratios
2.3x
Secured Term
Loan
7%
Debt-to-Equity Total Leverage
Ratio
(3)
Ratio
Outstanding Secured Financing(4)
(2)
3.7x
Term Credit
Facilities
29%
Term Lending
Agreements
21%
Collateralized
Loan Obligations
20%
Term Loan
Facility
16%
Non-Mark-
to-Market
71%
KKR
REAL ESTATE
FINANCE TRUSTView entire presentation