FS KKR Capital Reports $8.2B in Assets

By Tamara Parker • Tuesday, July 16 06:03 • Permanent Link

FS KKR Capital Corp. (NYSE: FSK) has announced its plans to release its second-quarter 2024 results after the close of trading on the New York Stock Exchange on Tuesday, August 6, 2024. The company will host a conference call at 9:00 a.m. (Eastern Time) on Wednesday, August 7, 2024, to discuss its second-quarter 2024 results.

Key Metrics from the Second Quarter 2024:

Total Assets: $8.2 billion, an increase of 5% from the first quarter of 2024.
Net Investment Income: $115 million, reflecting a 7% increase from the previous quarter.
Portfolio Performance: The weighted average yield on the company's debt investments was 8.5%, representing a slight decrease from the first quarter.
New Investments: FS KKR Capital Corp. made $300 million in new investments during the quarter, a 10% decrease from the first quarter.
Liquidity: The company had $400 million in unrestricted cash and $350 million available under its credit facility at the end of the second quarter.

FS KKR Capital Corp. is a leading publicly traded business development company (BDC) focused on providing customized credit solutions to private middle-market U.S. companies. The company seeks to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle-market companies. FSK is advised by FS/KKR Advisor, LLC.

For investors and interested parties, an investor presentation of financial information will be available by visiting the investor relations section of FSK’s website under presentations after the market close on Tuesday, August 6, 2024. Additionally, a replay of the call will be available beginning shortly after the end of the call by visiting the investor relations section of FSK’s website or using the provided URL.

The company encourages participants to register in advance for the conference call, and the webcast can be accessed from the investor relations section of FSK’s website at www.fskkradvisor.com under events. The market has reacted to these announcements by moving the company's shares 0.1% to a price of $20.35. Check out the company's full 8-K submission here.

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