FS KKR Capital Corp. (NYSE: FSK) has successfully completed a public offering of $100 million in aggregate principal amount of its 6.125% unsecured notes due 2030. This offering is an addition to the $600 million aggregate principal amount of 6.125% notes due 2030 that FSK issued on November 20, 2024, bringing the outstanding aggregate principal amount of the series to $700 million.
The joint book-running managers for this offering included BofA Securities, Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC, KKR Capital Markets LLC, SMBC Nikko Securities America, Inc., and Truist Securities, Inc.
FSK intends to utilize the net proceeds of this offering for general corporate purposes, including the potential repayment of outstanding indebtedness under credit facilities and certain notes.
FS KKR Capital Corp. is a leading publicly traded business development company (BDC) that focuses on providing customized credit solutions to private middle market U.S. companies. FSK seeks to primarily invest 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, a partnership between FS Investments and KKR Credit.
Following this successful offering, FSK has increased its outstanding aggregate principal amount of the 6.125% unsecured notes due 2030 to $700 million, reflecting a significant expansion in its debt securities.
This press release showcases FSK's ability to access capital markets and effectively raise funds to support its strategic initiatives and general corporate requirements. Today the company's shares have moved -0.2% to a price of $21.69. If you want to know more, read the company's complete 8-K report here.
