Fs Kkr Cap Corp Stock Price, News & Analysis

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.

FS/KKR Advisor announced a merger between FS KKR Capital Corp (FSK) and FS KKR Capital Corp II (FSKR) on Nov. 24, 2020. This merger will create one of the largest business development companies in the U.S., with $14.9 billion in assets and $7.2 billion in net asset value. FSK will remain as the surviving entity on NYSE under the symbol 'FSK.' The merger aims to enhance market presence, reduce expenses, and increase capital access, projected to yield approximately $5 million in annual synergies. The transaction is expected to close in the second or third quarter of 2021.

FS KKR Capital Corp. (NYSE: FSK) reported its financial results for Q3 2020, highlighting a net investment income of $0.63 per share, down from $0.89 per share in Q3 2019. The company announced a fourth quarter distribution of $0.60 per share, payable on January 5, 2021. Total fair value of investments decreased to $6.649 billion from $7.357 billion year-over-year. However, a total net gain of $1.06 per share was noted compared to a loss in the same quarter last year. The net asset value per share rose 4.7% to $24.46.

FS KKR Capital Corp. II (NYSE: FSKR) reported strong financial results for Q3 2020, with net investment income rising to $0.52 per share from $0.44 in the previous quarter. The company announced a cash distribution of $0.55 per share for Q4 2020. Net asset value increased to $24.66 per share, reflecting a 1.8% rise. Total investment income reached $172 million, while total fair value of investments stood at $7.3 billion. FSKR successfully closed approximately $743 million in new investments since July, indicating positive growth prospects.

FS KKR Capital Corp. (NYSE: FSK) will release its third quarter 2020 results after the market closes on November 9, 2020. A conference call is scheduled for 8:00 a.m. ET on November 10, 2020, to discuss the results, accessible via phone and webcast. Financial information will be presented on the corporate website after the earnings release. FS KKR specializes in providing credit solutions to U.S. middle market companies, with approximately $15 billion in assets under management as of June 30, 2020.

FS KKR Capital Corp. II (NYSE: FSKR) will release its third quarter 2020 results after trading closes on November 9, 2020. A conference call is scheduled for November 10, 2020, at 10:00 a.m. (Eastern Time) to discuss these results. Investors can participate via phone or through a webcast available on FSKR's Investor Relations website. An investor presentation will also be accessible on the same date. FSKR is focused on providing customized credit solutions to private middle market companies and is managed by FS/KKR Advisor, LLC, with approximately $15 billion in assets under management as of June 30, 2020.