FS KKR Capital Corp. Completes Major Offering
FS KKR Capital Corp. (NYSE: FSK) proudly announces the successful completion of an additional offering amounting to $100 million in its 6.125% unsecured notes due 2030. This strategic move aims to bolster its capital structure, further supporting the company’s growth and investment strategies. With this latest issuance, FSK's total outstanding notes now sum up to $700 million, forming a single series with its previous $600 million issuance made earlier. The partnership with prominent capital market firms assures a strong backing for FSK's endeavors.
Use of Proceeds from the Offering
The proceeds from this offering will primarily serve general corporate purposes. FSK plans to utilize these funds to manage and potentially repay existing debt under various credit facilities. This proactive financial management approach positions FSK strongly in the marketplace, allowing for greater flexibility and responsiveness to investment opportunities.
About FS KKR Capital Corp.
FS KKR Capital Corp. stands out as a leading publicly traded business development company (BDC) in the U.S. It specializes in providing tailored credit solutions specifically designed for private middle-market companies. The firm focuses its investments primarily on senior secured and subordinated debt, positioning itself as a key partner for these businesses. FSK’s strategic advice comes from FS/KKR Advisor, LLC, enhancing its capacity to navigate the complex financial landscape effectively.
FS/KKR Advisor, LLC Overview
FS/KKR Advisor, LLC is a reputable partnership between FS Investments and KKR Credit, dedicated to delivering tailored investment advisory services to FSK and various other development companies. This collaboration allows FSK to leverage significant industry expertise and a wide network of relationships in the financial sector.
FS Investments: A Leader in Alternative Asset Management
FS Investments has established itself as a premier alternative asset manager, managing over $83 billion in assets across a diverse range of investment classes. This extensive experience provides FSK with access to innovative investment strategies and superior performance. The firm’s strong commitment to fostering client relationships, coupled with its high-performance culture, underscores its role as a reliable partner in the investment landscape.
KKR’s Global Impact
KKR is a recognized leader in the investment field, focusing on alternative asset management, capital markets, and insurance solutions. By emphasizing a patient and disciplined investment strategy, KKR continues to yield attractive returns while fostering growth within its portfolio companies. This commitment not only benefits investors but also contributes positively to the communities in which KKR operates.
Investor Relations and Media Contacts
For further insights about FSK and its strategic initiatives, stakeholders can reach out to the investor relations team led by Anna Kleinhenn. The media inquiries can be addressed to Melanie Hemmert. Both contacts ensure that communication remains seamless, reflecting FSK's dedication to transparency and stakeholder engagement.
Frequently Asked Questions
What are the key details of the unsecured notes offering by FSK?
The offering totals $100 million with a 6.125% interest rate due in 2030, increasing FSK's total unsecured notes to $700 million.
How does FSK plan to use the proceeds from this offering?
FSK intends to use the proceeds for general corporate purposes, including potential debt repayments.
Who are the major financial partners involved in this offering?
BofA Securities, BMO Capital Markets, J.P. Morgan, and KKR Capital Markets are among the joint book-running managers for this offering.
What is FS KKR Capital Corp.'s investment focus?
FS KKR focuses on providing credit solutions specifically for private middle-market U.S. companies, primarily investing in senior secured and subordinated debt.
How can investors contact FSK representatives?
Investors can reach out to Anna Kleinhenn for investor relations and Melanie Hemmert for media inquiries regarding FSK's initiatives.
