FS KKR Capital Corp. reports recurring developments as a publicly traded business development company that provides customized credit solutions to private middle market U.S. companies. The company seeks current income and, to a lesser extent, long-term capital appreciation through investments primarily in senior secured debt and, to a lesser extent, subordinated debt and other private-company credit investments.
News about FSK commonly covers quarterly and annual operating results, net asset value commentary, portfolio yield and credit metrics, board-declared distributions, and earnings call schedules. Updates also reference the company's external advisory relationship with FS/KKR Advisor, LLC, a partnership between Future Standard and KKR Credit.
FS KKR Capital Corp. (NYSE: FSK) plans to release its fourth quarter and full year 2021 results on February 28, 2022, after market close. A conference call to discuss these results will take place on March 1, 2022, at 9:00 a.m. ET. Interested participants can join by dialing (833) 818-6808 with conference ID 6349774. The call will also be accessible via webcast from FSK's website. An investor presentation will be available post-market close on February 28. FSK focuses on providing customized credit solutions to private middle market U.S. companies.
FS KKR Capital Corp. (NYSE: FSK) announced the successful completion of its $500 million offering of 3.250% unsecured notes due 2027. The offering was managed by multiple financial institutions, including BofA Securities and J.P. Morgan. The net proceeds will be used for general corporate purposes, primarily to repay existing indebtedness. This move aims to strengthen FSK’s financial position, allowing for enhanced flexibility in managing debt obligations.
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.