Fs Kkr Cap Corp Stock Price, News & Analysis

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.

FS KKR Capital Corp. (FSK) reported its financial results for the second quarter of 2020, showing a net investment income of $0.62 per share, down from $0.77 in Q2 2019. Total net realized and unrealized losses were $1.08 per share, a stark contrast to no changes in the previous year. The company declared a third-quarter cash distribution of $0.60 per share and completed a 4-for-1 reverse stock split. As of June 30, 2020, net asset value was $23.37 per share, down from $24.36 in March 2020. Total fair value of investments decreased to $6.6 billion.

FS KKR Capital Corp. II (NYSE: FSKR) will release its second quarter 2020 results after the market closes on August 10, 2020. A conference call to discuss these results is scheduled for 10:00 a.m. Eastern Time on August 11, 2020. The call can be accessed by dialing (833) 519-1290 or via webcast on FSKR's Investor Relations website. An investor presentation will also be available post-release on the same website. FS KKR is focused on providing customized credit solutions, mainly in senior secured debt for middle market U.S. companies.

FS KKR Capital Corp. (NYSE: FSK) announced that its reverse stock split, on a 4:1 basis, became effective after trading on June 15, 2020. Each shareholder will receive one share for every four they owned, with no changes to the par value of $0.001 per share. The company's common stock will start trading on a split-basis on June 16, 2020. The board declared a quarterly cash distribution of $0.15 per share, increasing to $0.60 post-split, payable on July 2, 2020, to shareholders of record as of June 17, 2020. There are no expected economic impacts from this change.