PHILADELPHIA and NEW
YORK, Nov. 21, 2023 /PRNewswire/ -- FS KKR
Capital Corp. (NYSE: FSK) today announced that it has completed its
previously announced offering of $400
million in aggregate principal amount of its 7.875%
unsecured notes due 2029 (the "Notes"). BofA Securities, Inc., BMO
Capital Markets Corp., J.P. Morgan Securities LLC, KKR Capital
Markets LLC, SMBC Nikko Securities America, Inc., Truist
Securities, Inc., HSBC Securities (USA) Inc., ING Financial Markets LLC, Mizuho
Securities USA LLC, MUFG
Securities Americas Inc., RBC Capital Markets, LLC and TD
Securities (USA) LLC are acting as
joint book-running managers for this offering. Barclays Capital
Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc.,
Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Morgan
Stanley & Co. LLC and SG Americas Securities, LLC are acting as
joint lead managers for this offering. Compass Point Research &
Trading, LLC, ICBC Standard Bank Plc, Keefe, Bruyette & Woods,
Inc., Oppenheimer & Co. Inc., R. Seelaus & Co., LLC and
U.S. Bancorp Investments, Inc. are acting as co-managers for this
offering.
FSK intends to use the net proceeds of this offering for general
corporate purposes, including potentially repaying outstanding
indebtedness under credit facilities and certain notes.
This announcement does not constitute an offer to sell or a
solicitation of an offer to buy any of the Notes, nor shall there
be any offer, solicitation or sale in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful.
About FS KKR Capital Corp.
FSK is a leading publicly traded business development company
(BDC) focused on providing customized credit solutions to private
middle market U.S. companies. FSK seeks to invest primarily 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.
About FS/KKR Advisor, LLC
FS/KKR Advisor, LLC (FS/KKR) is a partnership between FS
Investments and KKR Credit that serves as the investment adviser to
FSK.
FS Investments is a global alternative asset manager dedicated
to delivering superior performance and innovative investment and
capital solutions. The firm manages over $75
billion in assets for a wide range of clients, including
institutional investors, financial professionals and individual
investors. FS Investments provides access to a broad suite of
alternative asset classes and strategies through its best-in-class
investment teams and partners. With its diversified platform and
flexible capital solutions, the firm is a valued partner to general
partners, asset owners and portfolio companies. FS Investments is
grounded in its high-performance culture and guided by its
commitment to building value for its clients, investing in its
colleagues and giving back to its communities. The firm has more
than 500 employees across offices in the U.S., Europe and Asia and is headquartered in Philadelphia.
KKR Credit is a subsidiary of KKR & Co. Inc., a leading
global investment firm that manages multiple alternative asset
classes, including private equity, credit and real assets, with
strategic manager partnerships that manage hedge funds. KKR aims to
generate attractive investment returns for its fund investors by
following a patient and disciplined investment approach, employing
world-class people, and driving growth and value creation with KKR
portfolio companies. KKR invests its own capital alongside the
capital it manages for fund investors and provides financing
solutions and investment opportunities through its capital markets
business. References to KKR's investments may include the
activities of its sponsored funds.
Forward-Looking Statements and Important Disclosure
Notice
This announcement may contain certain forward-looking
statements, including statements with regard to future events or
the future performance or operations of FSK. Words such as
"believes," "expects," "projects," and "future" or similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions. Certain
factors could cause actual results to differ materially from those
projected in these forward-looking statements. Factors that could
cause actual results to differ materially include changes in the
economy, risks associated with possible disruption in FSK's
operations or the economy generally due to terrorism, natural
disasters or pandemics, future changes in laws or regulations and
conditions in FSK's operating area, and the price at which shares
of FSK's common stock trade on the New York Stock Exchange. Some of
these factors are enumerated in the filings FSK makes with the SEC.
FSK undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact Information:
Investor Relations Contact
Robert Paun
Robert.Paun@fsinvestments.com
Media Contact
Melanie Hemmert
media@fsinvestments.com
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SOURCE FS KKR Capital Corp.