Fs Kkr Cap Corp Stock Price, News & Analysis

FS KKR Capital Corp. (NYSE: FSK) has announced a public offering of $500,000,000 in 3.250% unsecured notes due 2027. The offering is expected to close on January 18, 2022. Proceeds from the offering will be used for general corporate purposes, including potentially repaying outstanding debt. The notes can be redeemed at par one month before maturity and may be subject to a 'make-whole' premium. Various financial institutions are acting as joint book-running and lead managers for this offering.

FS KKR Capital Corp. (FSK) reported a net investment income of $201 million or $0.71 per share for Q3 2021, down from $0.77 in Q2. The net asset value (NAV) increased to $27.14 per share, up 1.1% from $26.84. Total purchases for the quarter were $2.8 billion, significantly exceeding sales of $1.8 billion. The company declared a $0.62 per share dividend for Q4, exceeding initial expectations. Despite a robust liquidity position with $1.25 billion in unsecured notes issued, the annual yield on accruing debt investments fell to 9.1%.

FS KKR Capital Corp. (NYSE: FSK) plans to release its third quarter 2021 results on November 8, 2021, after market close. A conference call is scheduled for November 9, 2021, at 9:00 a.m. ET, where it will discuss the results. Investors can participate by dialing (833) 818-6808 or via a webcast on FSK's Investor Relations website. An investor presentation will also be available on the same date. FSK specializes in providing customized credit solutions to private middle-market U.S. companies, primarily investing in senior secured debt.

On October 12, 2021, FS KKR Capital Corp. (FSK) announced the completion of its offering of $500 million in 1.650% unsecured notes due 2024 and $750 million in 3.125% unsecured notes due 2028. Proceeds will be used to redeem all 5.00% senior notes due 2022 on November 11, 2021, and to repay outstanding debt. Joint book-running managers include BofA Securities and J.P. Morgan, among others. FSK is focused on providing credit solutions to private middle market companies.

FS KKR Capital Corp. (NYSE: FSK) has priced an underwritten public offering of $500 million in 1.650% unsecured notes due 2024 and $750 million in 3.125% unsecured notes due 2028. The 2024 notes will mature on October 12, 2024, while the 2028 notes will mature on October 12, 2028. The offering is expected to close on October 12, 2021. The net proceeds will be used for general corporate purposes, including repayment of existing debt.

FS KKR Capital Corp. (NYSE: FSK) reported a strong second quarter for 2021, achieving net investment income of $116 million, or $0.77 per share, up from $0.63 per share in the previous quarter. The net asset value (NAV) increased by 3.1% to $26.84 per share. FSK's merger with FS KKR Capital Corp. II on June 16 boosted assets to approximately $15.7 billion. The company plans to distribute a $0.65 per share dividend for Q3 2021. Total investments stood at $14.7 billion, with a weighted average yield on debt investments at 9.2%.

FS KKR Capital Corp. (NYSE: FSK) will release its second quarter 2021 results after trading on August 9, 2021. A conference call is scheduled for 9:00 a.m. ET on August 10, 2021, to discuss the results, accessible via phone and webcast. An investor presentation will be published on the company's website after the earnings release. FS KKR is focused on providing credit solutions to middle-market companies, boasting approximately $15 billion in assets under management.

On June 17, 2021, FS KKR Capital Corp. (FSK) announced the completion of a $400 million offering of 2.625% unsecured notes due 2027. The notes will be managed by a consortium of financial institutions, including RBC Capital Markets and J.P. Morgan Securities. The net proceeds are intended for general corporate purposes, including repaying outstanding debt. Investors are advised to review the associated offering documents, which detail potential risks and financial information regarding FSK.

FS/KKR Advisor, LLC has completed the merger of FS KKR Capital Corp. (FSK) and FS KKR Capital Corp. II (FSKR), creating a unified entity trading under the FSK ticker on the NYSE. FSKR shareholders received 0.9498 FSK shares per share held, reflecting the respective net asset values of $26.77 for FSK and $25.42 for FSKR as of June 14, 2021. The merger combines approximately $15 billion in assets and enhances market reach. Additionally, FSK has authorized a $100 million share repurchase program to buy back shares at prices below the current net asset value.