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.
FS KKR Capital Corp. (NYSE: FSK) has announced its plans to release third quarter 2024 results after the NYSE closes on November 6, 2024. The company will host a conference call on November 7, 2024, at 9:00 a.m. ET to discuss these results. FSK's board has also declared a fourth quarter 2024 distribution of $0.70 per share, comprising a base distribution of $0.64 and a supplemental distribution of $0.06. This distribution will be paid around December 18, 2024, to stockholders of record as of December 4, 2024.
Interested parties can join the conference call via phone or webcast. An investor presentation will be available on FSK's website after market close on November 6. A replay of the call will also be accessible on the company's website.
FS KKR Capital Corp. (NYSE: FSK) announced its Q2 2024 results and declared a Q3 2024 distribution of $0.70 per share. Key highlights include:
- Net investment income of $0.77 per share
- Adjusted net investment income of $0.75 per share
- Net asset value of $23.95 per share
- Total net realized and unrealized loss of $0.39 per share
- Earnings per Share of $0.37
- Total purchases of $1,260 million vs $1,336 million of sales and repayments
- Net debt to equity ratio at 109%
The company's total fair value of investments was $14.1 billion, with 66% invested in senior secured securities. The weighted average annual yield on accruing debt investments was 12.3%. FSK's board expects to distribute a minimum of $2.90 per share during 2024.
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.
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.
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.
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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