Fs Kkr Cap Corp Stock Price, News & Analysis

On May 24, 2021, FS/KKR Advisor announced that shareholders of FS KKR Capital Corp. (FSK) and FS KKR Capital Corp. II (FSKR) approved the merger during special meetings held on May 21, 2021. The merger, expected to close around June 16, 2021, will create a single entity with approximately $15 billion in assets. The combined company will benefit from a diversified investment portfolio and an enhanced capital market presence. Post-merger, shareholders of FSKR will receive shares of FSK equivalent to the NAV of their holdings, with distributions planned for early July 2021.

FS KKR Capital Corp. (NYSE: FSK) reported net investment income of $78 million, or $0.63 per share for Q1 2021, maintaining per-share income from the previous quarter.

Net asset value (NAV) increased by 4.0% to $26.03 per share. Total investments decreased from $6.78 billion to $6.46 billion. The company recorded a total net gain of $0.98 per share.

Cash distributions to stockholders remain steady at $0.60 per share. FSK's net debt to equity ratio improved to 100% from 119%.

FS KKR Capital Corp. II (FSKR) reported a net investment income of $97 million or $0.57 per share for Q1 2021, compared to $0.59 per share in Q4 2020. The net asset value increased to $25.33 per share from $25.10 as of December 31, 2020. Despite a total net realized and unrealized gain dropping to $0.21 per share from $0.35, the company maintained a consistent cash distribution of $0.55 per share. The net debt to equity ratio improved to 74% from 85% in the previous quarter.

FS KKR Capital Corp. (NYSE: FSK) will announce its first quarter 2021 results on May 10, 2021. A conference call is scheduled for May 11, 2021, at 8:00 a.m. ET to discuss these results. Interested parties can join via phone or listen to the webcast on the company's Investor Relations website. An investor presentation will also be available on the same date. FS KKR Capital Corp. is a publicly traded business development company focusing on credit solutions for private middle market U.S. companies and is advised by FS/KKR Advisor, LLC.

FS KKR Capital Corp. II (NYSE: FSKR) will release its first quarter 2021 results after market close on May 10, 2021. The company will host a conference call on May 11, 2021, at 10:00 a.m. ET to discuss these results. Interested participants can join by dialing (833) 519-1290 or through a webcast available on FSKR's Investor Relations website. An investor presentation will also be accessible after the May 10 results release. FSKR is a prominent business development company focused on customized credit solutions for private middle market U.S. companies.

FS KKR Capital Corp. II (NYSE: FSKR) reported its financial results for Q4 and full year 2020. The company achieved a net investment income of $0.59 per share, up from $0.52 in Q3 2020, while declaring a first-quarter 2021 distribution of $0.55 per share. The net asset value increased to $25.10 per share, a 1.8% rise from Q3. However, total net realized and unrealized loss for 2020 was $4.30 per share, a significant decline from a loss of $1.73 in 2019. The company originated about $1.9 billion in new investments in Q4 2020, a positive sign for growth.

FS KKR Capital Corp. (NYSE: FSK) announced financial results for Q4 and year-end 2020, reporting a net investment income of $0.63 per share. Adjusted net investment income rose to $0.72 per share. The company declared a Q1 2021 distribution of $0.60 per share, payable on April 2, 2021. Total net realized and unrealized gains were $0.53 per share, a decline from Q3 2020. The net asset value increased to $25.02 per share. The total fair value of investments decreased to $6.78 billion. The company is optimistic about future prospects, especially following its proposed merger with FSKR.

FS KKR Capital Corp. (FSK) and FS KKR Capital Corp. II (FSKR) announced preliminary financial results for Q4 2020, reflecting an active investment environment. FSK estimates a net asset value per share of $24.95 to $25.05, up from $24.46 in Q3. Estimated net investment income per share is between $0.59 and $0.61, exceeding guidance of $0.57. FSKR estimates its net asset value per share at $25.00 to $25.10, compared to $24.66 previously, with estimated net investment income at $0.57 to $0.59, above guidance of $0.52 to $0.55. Earnings calls are scheduled for March 2, 2021.

FS KKR Capital Corp. (NYSE: FSK) has priced a public offering of $1 billion in 3.400% unsecured notes due January 15, 2026. The offering, expected to close on December 10, 2020, allows FSK to redeem notes at par with a make-whole premium. Proceeds from the offering are primarily designated for repaying existing debt. The pricing term sheet and prospectus have been filed with the SEC for investor review.