Mr Cooper Group Inc (COOP): FYI. KKR set to buy $44 billion of buy n...

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Tuesday, 06/20/2023 5:32:20 PM

Tuesday, June 20, 2023 5:32:20 PM

FYI. KKR set to buy $44 billion of buy now, pay later loans from PayPal
Global investment firm KKR has agreed to buy up to $44 billion in buy now, pay later loans off of PayPal's balance sheet.

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https://finance.yahoo.com/video/kkr-set-buy-44-billion-153021671.html

RACHELLE AKUFFO: Let's take a look at PayPal shares. Moving higher today on news that KKR's private credit funds will acquire almost all of the fintech giants European buy now, pay later loan portfolio. Now, the deal with CKKR buying almost $44 billion of loans from Paypal's balance sheet.

Now, that means that the deal is expected to close in the second half of 2023. PayPal is saying that once it does, the payments company will allocate an additional $1 billion to share buybacks in 2023. Bringing the total for the year to $5 billion.

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