FS Credit Opportunities Corp SEC Filings

FS Credit Opportunities Corp. (FSCO) entered a share swap confirmation with Nomura Global Financial Products for an equity total return swap on FS Specialty Lending Fund (FSSL) shares. The agreement provides economic exposure to up to $50 million of FSSL shares for a three-year term, with provisions allowing earlier termination upon certain events.

FSCO will post collateral equal to 70% of the value of the FSSL shares referenced by the swap, calculated as the number of shares times price, and reset daily. FSCO will receive cash dividends on the referenced shares during each Dividend Period, while paying a monthly floating amount of 250 basis points plus USD overnight bank funding rate per annum on the Equity Notional Amount (shares times initial price), using an actual/360 day count.

The filing notes the adviser to FSCO will not receive fees under FSCO’s investment advisory agreement with respect to income received under the swap.

BlackRock Portfolio Management LLC and The Guardian Life Insurance Company of America filed an amended Schedule 13G reporting passive beneficial ownership of FS Credit Opportunities Corp. Term Preferred Shares.

The filing lists 85,000 shares beneficially owned, representing 21.3% of the class. Guardian is the record holder of 82,500 shares, and BPM may be deemed to share beneficial ownership of these securities and an additional 2,500 shares. The reporting persons have shared voting and dispositive power over 85,000 shares and no sole voting or dispositive power. The stated event date is 10/31/2025.

The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

FS Credit Opportunities Corp. (FSCO): Schedule 13G filed by Massachusetts Mutual Life Insurance Company and Barings LLC discloses beneficial ownership of 105,000 Term Preferred Shares, representing 26.25% of the class. The percentage is calculated against the issuer’s total Term Preferred Shares outstanding as of November 7, 2025, per public disclosures and information available to Barings.

MassMutual reports direct beneficial ownership of 50,000 Series 2028, 15,000 Series 2029, and 25,000 Series 2030 Term Preferred Shares. MassMutual Ascend Life Insurance Company holds 15,000 Series 2029 shares. Barings, a wholly owned indirect subsidiary of MassMutual, acts as investment adviser to the advisory accounts holding these shares and may be deemed a beneficial owner. The filing is certified as ordinary course and not for changing or influencing control.

FS Credit Opportunities Corp. (FSCO) reported an insider ownership update. Philip Wellman filed a Form 3 initial statement of beneficial ownership effective 10/21/2025. He is identified as a Director.

Wellman reported direct ownership of 105,000,000 Term Preferred Shares Series 2026. This filing establishes his baseline holdings under Section 16 reporting.

FS Credit Opportunities Corp. (FSCO) filed an 8-K announcing investor materials for its third quarter 2025 results. The company will post a recorded earnings call and transcript on November 25, 2025 on its Investor Relations website. A presentation with financial and operating information will be made available after the market close on November 24, 2025.

A press release announcing the call is furnished as Exhibit 99.1. The company notes typical forward-looking statement cautions and states it has no obligation to update such statements.

FS Credit Opportunities Corp. (FSCO) issued term preferred equity to institutional investors. The company completed a private placement of 50,000 shares of its 5.106% Term Preferred Shares, Series 2028, and 150,000 shares of its 5.481% Term Preferred Shares, Series 2030, each with a $1,000 per share liquidation preference. FS Investment Solutions, LLC served as placement agent.

The Series 2028 and Series 2030 shares are redeemable at $1,000 per share, subject to a make‑whole premium, and mature on October 21, 2028 and October 21, 2030, respectively. Interest is payable semi‑annually on April 21 and October 21, starting April 21, 2026. FSCO also disclosed that on November 3, 2025, it will redeem 50,000 shares of its Series 2025, 50,000 shares of its Series 2025‑2, and 100,000 shares of its Series 2026 term preferred, each with a $1,000 per share liquidation preference.

FS Credit Opportunities Corp. (FSCO) reported that First Brands Group, LLC filed for bankruptcy protection on September 29, 2025, and stated it no longer has exposure to First Brands.

This update signals that any prior investment or credit exposure tied to First Brands has been eliminated, reducing potential downside from the bankruptcy. The company did not provide additional financial details in this notice.

FS Credit Opportunities Corp. Schedule 13G/A shows a group of Apollo-related entities and Athene Annuity and Life Company report shared beneficial ownership of 25,000 Term Preferred Shares, representing 6.3% of the class based on 400,000 outstanding shares. The filing lists the ownership and voting/dispositive powers as shared across nine reporting persons, each reporting 25,000 shares with no sole voting or dispositive power. The statement clarifies the chain of relationships among adviser, general partners and holding entities and includes certifications that the securities are held in the ordinary course of business and not to influence control of the issuer.