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FS KKR Capital Corp. - FSK STOCK NEWS

Welcome to our dedicated page for FS KKR Capital news (Ticker: FSK), a resource for investors and traders seeking the latest updates and insights on FS KKR Capital stock.

FS KKR Capital Corp. (NYSE: FSK) is a prominent business development company (BDC) in the United States, specializing in providing customized credit solutions to private middle market U.S. companies. The company primarily invests in senior secured loans and second lien secured loans, with a focus on companies boasting an annual EBITDA of at least $50 million at the time of investment.

Core Business

FSK's core business revolves around offering financial solutions to private upper middle-market companies through senior secured debt and, to a lesser extent, subordinated debt and asset-based financing loans. This approach helps bridge the gap for companies needing tailored financial support to fuel their growth and operational needs.

Recent Achievements

  • FSK announced plans to release its third quarter 2023 results on November 6, 2023, followed by a conference call on November 7, 2023, to discuss the results.
  • On November 6, 2023, FSK declared a fourth quarter 2023 distribution of $0.70 per share, complemented by a special distribution, totaling $0.75 per share.
  • FSK completed a $400 million offering of 7.875% unsecured notes due 2029 on November 21, 2023.
  • For the first quarter of 2024, FSK declared a distribution of $0.70 per share, along with a special distribution, bringing it to $0.75 per share.
  • In June 2024, FSK completed a $600 million offering of 6.875% unsecured notes due 2029.

Financial Condition and Partnerships

FSK is advised by FS/KKR Advisor, LLC, a partnership between FS Investments and KKR Credit. FS Investments manages over $79 billion in assets across a range of clients, including institutional investors, financial professionals, and individual investors. KKR Credit is a subsidiary of KKR & Co. Inc., a global investment firm managing diverse alternative asset classes.

Current Projects

FSK continually engages in financial activities to support its growth and investor returns. Upcoming projects include releasing their fourth quarter and full year 2023 results on February 26, 2024, along with a conference call to discuss these results on February 27, 2024. Additionally, FSK has scheduled the release of their first quarter 2024 results on May 8, 2024, with a conference call on May 9, 2024.

Products

FSK offers various credit products, including senior secured loans, second lien secured loans, subordinated loans, and asset-based financing loans. These products are tailored to meet the financial needs of private middle-market companies, facilitating their growth and operational efficiency.

Significance

FSK plays a crucial role in the U.S. financial ecosystem by providing essential credit solutions to private middle-market companies, thereby supporting their growth and operational requirements. With its solid financial foundation and strategic partnerships, FSK is well-positioned to continue delivering significant value to its stockholders.

Rhea-AI Summary

FS KKR Capital Corp. (NYSE: FSK) has announced its schedule for the release of second quarter 2024 results. The company plans to disclose its financial performance after the New York Stock Exchange closes on Tuesday, August 6, 2024. Following this, FSK will host a conference call at 9:00 a.m. (Eastern Time) on Wednesday, August 7, 2024, to discuss the results in detail.

Interested parties can participate in the live conference call by registering through a provided URL. The call will also be webcast and accessible from the Investor Relations section of FSK's website. Additionally, an investor presentation of financial information will be available on the company's website after market close on August 6. A replay of the call will be made available shortly after its conclusion.

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FS KKR Capital Corp. (NYSE: FSK) announced the completion of its $600 million public offering of 6.875% unsecured notes due 2029. The offering was managed by a consortium of financial institutions including BofA Securities, BMO Capital Markets, J.P. Morgan, KKR Capital Markets, and others. The company plans to use the net proceeds for general corporate purposes, potentially including repaying existing debts. This move does not represent an offer to sell or buy the notes in any jurisdiction where such offers are prohibited.

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On May 31, 2024, FS KKR Capital Corp. (NYSE: FSK) announced a $600 million public offering of 6.875% unsecured notes due 2029. The notes are set to mature on August 15, 2029, and can be redeemed at par one month prior to maturity, or earlier with a 'make-whole' premium. The offering, managed by several leading financial institutions, is expected to close on June 6, 2024. FSK plans to use the net proceeds for general corporate purposes, including repaying existing debts. This announcement is part of a broader strategy to manage their financial structure and obligations.

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FS KKR Capital Corp. announced its financial results for the quarter ended March 31, 2024, with a second-quarter distribution of $0.70 per share, totaling $0.75 per share including a special distribution. The company reported net investment income of $0.76 per share, net asset value of $24.32 per share, and earnings per share of $0.62. FSK's board declared a cash distribution for the second quarter and highlighted a total fair value of investments at $14.2 billion as of March 31, 2024.

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FSK announced plans to release its first quarter 2024 results and host a conference call to discuss the results. Interested parties can participate in the call and access the live webcast through the provided links.
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FS KKR Capital Corp. declares a first quarter 2024 distribution of $0.70 per share, combined with a special distribution totaling $0.75 per share. Financial and operating highlights include net investment income, net asset value, earnings per share, debt to equity ratio, and total purchases versus sales. The company had a successful 2023 with a return on equity of 10% and plans for increased private market transaction activity in 2024.
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FS KKR Capital Corp. (NYSE: FSK) will release its Q4 and full year 2023 results on February 26, 2024, followed by a conference call the next day. Participants can register in advance and access the call via webcast. An investor presentation will also be available on the company's website.
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FS KKR Capital Corp. (FSK) completes $400 million unsecured notes offering, with 7.875% interest due 2029. Proceeds to be used for general corporate purposes, including debt repayment.
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FS KKR Capital Corp. (NYSE: FSK) announces underwritten public offering of $400 million in unsecured notes due 2029, to be managed by a consortium of financial institutions. The offering is expected to close on November 21, 2023, with net proceeds intended for general corporate purposes, including potential debt repayment.
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FS KKR Capital Corp. (NYSE: FSK) has declared a fourth quarter 2023 distribution of $0.70 per share, resulting in a total fourth quarter distribution of $0.75 per share when combined with the previously declared $0.05 per share special distribution. Additionally, the company has declared additional special distributions totaling $0.10 per share to be paid in two equal installments of $0.05 per share in February and May 2024.
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FAQ

What does FS KKR Capital Corp. do?

FS KKR Capital Corp. provides customized credit solutions to private middle market U.S. companies, primarily through senior secured loans.

What is the core business of FSK?

FSK's core business involves offering financial solutions such as senior secured loans, second lien secured loans, and subordinated loans to private middle market U.S. companies.

What are the recent financial achievements of FSK?

Recent achievements include completing a $400 million offering of unsecured notes, declaring significant distributions, and announcing their third quarter 2023 financial results.

Who advises FS KKR Capital Corp.?

FS KKR Capital Corp. is advised by FS/KKR Advisor, LLC, a partnership between FS Investments and KKR Credit.

What kind of companies does FSK invest in?

FSK focuses on investing in private middle market U.S. companies with an annual EBITDA of at least $50 million at the time of investment.

What products does FSK offer?

FSK offers products such as senior secured loans, second lien secured loans, subordinated loans, and asset-based financing loans.

How does FSK support its stockholders?

FSK supports its stockholders by generating consistent financial returns and declaring substantial distributions, evidencing strong financial performance.

What upcoming events has FSK scheduled?

FSK plans to release its fourth quarter and full year 2023 results on February 26, 2024, followed by a conference call on February 27, 2024. They will also release their first quarter 2024 results on May 8, 2024, with a conference call on May 9, 2024.

What is the significance of FSK in the financial industry?

FSK is significant for providing essential credit solutions to private middle-market companies in the U.S., supporting their growth and operational needs.

How does FSK ensure the security of its investments?

FSK invests primarily in senior secured debt, ensuring a higher degree of security for its investments and stability for its financial operations.

FS KKR Capital Corp.

NYSE:FSK

FSK Rankings

FSK Stock Data

5.70B
280.07M
0.25%
30.86%
1.42%
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