UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


FORM 8-K


CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of Earliest Event Reported): August 23, 2022


KKR Real Estate Finance Trust Inc.
(Exact Name of Registrant as Specified in its Charter)


Maryland
 
001-38082
 
47-2009094
(State or Other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
30 Hudson Yards, Suite 7500, New York, New York 10001
(Address of Principal Executive Offices) (Zip Code)
 
(212) 750-8300
(Registrant’s Telephone Number, Including Area Code)
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:

Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common stock, par value $0.01 per share
 
KREF
 
New York Stock Exchange
6.50% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share
 
KREF.PRA
 
New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 1.01
Entry into a Material Definitive Agreement.

On August 23, 2022, KREF Lending IX LLC (“Seller”), KREF Holdings IX LLC (“Pledgor”), KKR Real Estate Finance Holdings L.P. (“Opco”) and MUFG Bank, Ltd., entered into the Second Omnibus Amendment and Reaffirmation Agreement to that certain Master Repurchase Agreement and Securities Contract, dated July 27, 2021, as amended by the Omnibus Amendment and Reaffirmation Agreement, dated as of March 31, 2022 (the “Existing Repurchase Agreement”), pursuant to which, among other things, the Existing Repurchase Agreement was amended to increase the $750 million facility amount under the Existing Repurchase Agreement to $1 billion in the aggregate.  Each of Seller, Pledgor and Opco are wholly-owned subsidiaries of KKR Real Estate Finance Trust Inc.

Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
KKR REAL ESTATE FINANCE TRUST INC.
 
 
 
 
By:
/s/ Vincent J. Napolitano
 
 
Name:
Vincent J. Napolitano
 
 
Title:
General Counsel and Secretary
 
Date: August 26, 2022