$FSK·8-K

FS KKR Capital Corp · Jun 2, 4:56 PM ET

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FS KKR Capital Corp 8-K

Research Summary

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FS KKR Capital Corp Announces $900M 7.500% Notes Offering

What Happened
FS KKR Capital Corp (FSK) announced on June 1, 2026 that it entered into an underwriting agreement to issue $900,000,000 aggregate principal amount of 7.500% Notes due 2031. The agreement names FS/KKR Advisor, LLC and a group of underwriters led by BofA Securities, BMO Capital Markets, J.P. Morgan Securities, KKR Capital Markets, RBC Capital Markets and SMBC Nikko Securities America as representatives. The offering is being made under the company’s effective shelf registration on Form N-2 (Reg. No. 333-282226) and was described in a preliminary and final prospectus supplement dated June 1, 2026. The underwriting agreement is filed as Exhibit 1.1 to the 8-K.

Key Details

  • Underwriting agreement dated June 1, 2026.
  • Aggregate principal amount: $900,000,000.
  • Coupon and maturity: 7.500% fixed-rate notes due 2031.
  • Underwriting representatives: BofA Securities, BMO Capital Markets, J.P. Morgan Securities, KKR Capital Markets, RBC Capital Markets, and SMBC Nikko Securities America.

Why It Matters
This filing notifies investors that FSK is issuing a significant amount of fixed-rate debt with a 7.500% interest cost and a maturity in 2031, which will increase the company’s debt outstanding and future interest obligations. The 8-K does not specify the intended use of proceeds. Investors who follow FSK should review the prospectus supplement and the full underwriting agreement (Exhibit 1.1) for pricing, final allocation, and any additional terms or covenants once available.

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