FS KKR Capital Corp. Announces $900M Debt Offering

By Chris Stiles • Tuesday, June 02 09:47 • Permanent Link

FS KKR Capital Corp. priced a $900 million public offering of 7.500% unsecured notes due 2031, marking another sizable debt raise for the business development company.

The notes will mature on August 1, 2031. FSK can redeem them early at par plus a make-whole premium, with par redemption available three months before maturity.

The company said it expects to close the offering on June 8, 2026. The proceeds are slated for general corporate purposes, including possible repayment of borrowings under credit facilities and certain notes.

The new issue comes with a 7.500% coupon, giving FSK a fixed-rate financing source at a time when it is also managing existing indebtedness. The company did not disclose in the release how the new notes compare with prior debt costs or the amount of debt it may retire with the proceeds. As a result of these announcements, the company's shares have moved 0.14% on the market, and are now trading at a price of $10.885. Check out the company's full 8-K submission here.

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