Welcome to our dedicated page for Fs Kkr Cap news (Ticker: FSK), a resource for investors and traders seeking the latest updates and insights on Fs Kkr Cap stock.
FS KKR Capital Corp (NYSE: FSK) provides essential credit solutions to middle market companies through secured lending and customized financing. This news hub offers investors and financial professionals timely updates on corporate developments, portfolio changes, and market positioning.
Access comprehensive coverage of earnings announcements, regulatory filings, and strategic initiatives. Our curated news collection features official press releases, debt financing updates, and leadership changes affecting FSK investment landscape.
Track key developments including senior loan portfolio updates, dividend declarations, and partnership announcements. Stay informed about FSK's middle market lending activities, risk management practices, and compliance with BDC regulations through verified financial reporting.
Bookmark this page for continuous access to FSK's evolving role in private credit markets. Combine strategic insights with operational updates to monitor this business development company's performance in changing economic conditions.
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.
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%.
FAQ
What is the current stock price of Fs Kkr Cap (FSK)?
What is the market cap of Fs Kkr Cap (FSK)?
