FS KKR Capital Corp. reports recurring developments as a publicly traded business development company that provides customized credit solutions to private middle market U.S. companies. The company seeks current income and, to a lesser extent, long-term capital appreciation through investments primarily in senior secured debt and, to a lesser extent, subordinated debt and other private-company credit investments.
News about FSK commonly covers quarterly and annual operating results, net asset value commentary, portfolio yield and credit metrics, board-declared distributions, and earnings call schedules. Updates also reference the company's external advisory relationship with FS/KKR Advisor, LLC, a partnership between Future Standard and KKR Credit.
Saba Capital Management announced an expansion into public and private BDCs and interval funds and launched a new NAV dislocation strategy aimed at addressing retail investor liquidity needs.
Saba disclosed recent allocations including $40 million in FSK and $75 million in BPRE (acquired at ~30–40% discounts), tender purchases of roughly $10 million, and equity stakes in Apollo, Ares and Blackstone. The firm said RIAs have made dozens of inbound inquiries and that it will target discounts of 30–40%+ across listed and unlisted credit vehicles.
FS KKR Capital Corp (NYSE: FSK) will release first quarter 2026 results after market close on Wednesday, May 6, 2026. An investor presentation will be posted the same day. The company will host a live webcast conference call on Thursday, May 7, 2026 at 9:00 a.m. ET.
Research analysts should register at least one day prior or 15 minutes before the call; a replay will be available on the For Investors section of the company's website.
FS KKR Capital (NYSE: FSK) reported Q4 2025 results and declared a Q1 2026 distribution of $0.48 per share payable about April 2, 2026 to holders of record March 18, 2026. Q4 net investment income was $0.48 per share and adjusted NII was $0.52. NAV was $20.89 per share. For 2025, NII was $2.34 per share and total net realized and unrealized loss was $2.30 per share. Total fair value of investments was $13.0 billion, with 62.4% in senior secured securities and weighted average yield on accruing debt of 10.1%.
FS KKR Capital Corp (NYSE: FSK) will release its fourth quarter and full year 2025 results after market close on Wednesday, February 25, 2026. The company will host a live webcast conference call to discuss results on Thursday, February 26, 2026 at 9:00 a.m. ET. Investors can access the live webcast and an investor presentation in the For Investors section of FSK's website under Events & Presentations after the market close on February 25, 2026. Research analysts should register at least one day in advance or at least 15 minutes before the call to receive dial-in details and a unique PIN. A replay of the conference call will be available on the same Investors page shortly after the call ends.
FS KKR Capital Corp (NYSE: FSK) reported results for the quarter ended September 30, 2025 and a declared Q4 2025 distribution of $0.70 per share payable ~Dec 17, 2025. The company reported net investment income of $0.57 per share, earnings per share of $0.76, and net asset value of $21.99 per share. Total purchases were $1,142 million vs. sales/repayments of $1,483 million (including $450 million sold to its JV).
Portfolio fair value was $13.4 billion with 63.2% in senior secured securities, weighted average yield on accruing debt of 10.6%, investments on non-accrual at 2.9% (fair value), net debt-to-equity of 116%, total debt of $7.4 billion, cash of $155 million and financing availability of $3.5 billion.
FS KKR Capital Corp (NYSE: FSK) said it will release Q3 2025 results after market close on Wednesday, November 5, 2025 and will hold a live webcast conference call on Thursday, November 6, 2025 at 9:00 a.m. ET. The company also announced a fourth-quarter 2025 distribution of $0.70 per share.
Investors can access the live webcast and a replay via the Investor Resources section of FSK's website. Research analysts are asked to register at least one day in advance or 15 minutes before the call to receive dial-in details and a unique PIN. An investor presentation will be posted after market close on November 5, 2025.
FS KKR Capital Corp. (NYSE: FSK) has successfully completed its previously announced offering of $400 million in unsecured notes. The notes carry a 6.125% interest rate and are due in 2031. The offering was managed by multiple prominent financial institutions, including BofA Securities, BMO Capital Markets, and J.P. Morgan Securities among others.
The company plans to use the proceeds for general corporate purposes, which may include repaying existing debt under credit facilities and certain notes. The offering involved numerous financial institutions acting as joint book-running managers, joint lead managers, and co-managers.
FS KKR Capital Corp. (NYSE: FSK) has received a BBB rating with Stable outlook from KBRA for its $400 million senior unsecured notes due January 15, 2031, with a 6.125% interest rate to be swapped for SOFR +274.75 bps.
As the third-largest publicly traded BDC, FSK maintains a $13.6 billion diversified portfolio across 218 companies in 23 sectors. The company's portfolio consists primarily of first-lien senior secured loans (59%) and first-priority asset-based finance loans (14.7%). FSK's leverage metrics show gross and net leverage ratios of 1.30x and 1.26x respectively, with an asset coverage ratio of 177%.
Key challenges include elevated non-qualifying investments (29%) and eleven portfolio companies on non-accrual, representing 3.0% of total investments at fair value. The company recently amended its senior secured revolver, increasing it to $4.7 billion and extending maturity to July 2030.
FS KKR Capital Corp. (NYSE: FSK) has priced a public offering of $400 million in unsecured notes with a 6.125% interest rate, maturing on January 15, 2031. The notes can be redeemed at par one month before maturity or earlier with a make-whole premium.
The offering, expected to close on September 25, 2025, is being managed by multiple financial institutions including BofA Securities, BMO Capital Markets, and J.P. Morgan Securities as joint book-running managers. FSK plans to use the proceeds for general corporate purposes, including potential repayment of existing debt under credit facilities and notes.
FS KKR Capital Corp. (NYSE: FSK) reported its Q2 2025 financial results, announcing a Q3 2025 distribution of $0.70 per share. The company posted net investment income of $0.62 per share, down from $0.67 in Q1 2025. FSK's net asset value decreased to $21.93 per share from $23.37, with a total net realized and unrealized loss of $1.36 per share.
The company's investment portfolio totaled $13.6 billion, with 64.1% in senior secured securities. FSK maintained a weighted average yield of 10.8% on accruing debt investments. The quarter saw $1.4 billion in new purchases versus $1.65 billion in sales and repayments. Non-accrual investments increased to 3.0% of the portfolio at fair value, up from 2.1% in Q1.
FSK also secured an amended Senior Secured Revolving Credit Facility, increasing it to $4.7 billion with extended maturity to July 2030 and a 10-basis-point reduction in borrowing rate.