Behind every billionaire there is a story!

KKR IN CREDIT CRUSH

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.

read the rest published by NY Post here:

http://www.nypost.com/seven/02212008/business/kkr_in_credit_crush_98651.htm