Fs Kkr Cap Corp Stock Price, News & Analysis

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.

FS KKR Capital Corp. (NYSE: FSK) has priced an underwritten public offering of $400 million in aggregate principal amount of its 2.625% unsecured notes due 2027. The Notes are set to mature on January 15, 2027, with an option for redemption at par plus a "make-whole" premium. The offering is expected to close on June 17, 2021, pending customary conditions. Proceeds will be used for general corporate purposes, including repaying existing indebtedness.

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.