KKR FS Income Trust 8-K

What Happened

• On May 28, 2026, KKR FS Income Trust and its subsidiary guarantors entered into a Third Amendment to their Senior Secured Revolving Credit Agreement (originally dated July 19, 2023). The company filed the Form 8-K reporting this amendment on June 3, 2026. Sumitomo Mitsui Banking Corporation serves as administrative agent and collateral agent.

Key Details

• Margin increases: ABR loans margin raised from 1.125% to 1.25% per annum; term benchmark and RFR loans margin raised from 2.125% to 2.25% per annum.
• Removal of a 0.10% credit adjustment spread for borrowings in U.S. dollars (reduces that specific cost).
• Extended dates: commitment termination date extended from July 19, 2027 to May 28, 2030; maturity date extended from July 19, 2028 to May 28, 2031.
• Facility size increased: aggregate revolving commitments raised from $570,000,000 to $750,000,000; accordion expanded to permit up to $1,200,000,000. The amendment also resets the minimum shareholders’ equity test.

Why It Matters

• The amendment materially improves liquidity and gives the company a longer runway by increasing the revolver and extending commitment and maturity dates, reducing near-term refinancing pressure. At the same time, borrowing costs are slightly higher due to the margin increases, though the removal of the 0.10% U.S. dollar adjustment reduces cost for dollar borrowings. Investors should view this as a financing update that changes the company’s debt terms and covenant baseline but does not report operating results.