FSCO says it has no exposure after First Brands’ bankruptcy filing

Rhea-AI Filing Summary

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.

Insights

Credit risk analyst

Counterparty bankruptcy disclosed; FSCO reports no remaining exposure.

FS Credit Opportunities disclosed that First Brands Group entered bankruptcy on September 29, 2025. The company states it no longer has exposure to First Brands, indicating prior positions have been exited or repaid.

The practical effect is containment of credit risk from this borrower. Without position size or recovery detail, portfolio impact cannot be quantified from this excerpt.

Subsequent filings may provide portfolio-level metrics; the key fact here is the absence of current exposure to First Brands following its bankruptcy.

false 0001568194 0001568194 2025-10-13 2025-10-13 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 13, 2025

FS CREDIT OPPORTUNITIES CORP.

(Exact name of Registrant as specified in its charter)

Maryland		811-22802		46-1882356
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

201 Rouse Boulevard Philadelphia, Pennsylvania	19112
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (215) 495-1150

None

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.001 par value per share		FSCO		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

¨   Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

Item 7.01 Regulation FD Disclosure

First Brands Group, LLC (“First Brands”) filed for bankruptcy protection on September 29, 2025. FS Credit Opportunities Corp. no longer has exposure to First Brands.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FS Credit Opportunities Corp.
Date:  October 14, 2025	By:	/s/ Stephen Sypherd
		Stephen Sypherd
		General Counsel

FAQ

What did FSCO disclose about First Brands Group?

FSCO reported that First Brands Group, LLC filed for bankruptcy protection on September 29, 2025 and said it no longer has exposure to First Brands.

Does FS Credit Opportunities Corp. (FSCO) have any current exposure to First Brands?

No. FSCO stated it no longer has exposure to First Brands.

What is the significance of the First Brands bankruptcy for FSCO?

FSCO indicated its exposure has been eliminated, suggesting the bankruptcy should not affect its portfolio from this issuer.

What is the ticker and listing for FS Credit Opportunities Corp.?

FS Credit Opportunities Corp. trades under FSCO on the New York Stock Exchange.

When was the event reported by FSCO?

The bankruptcy filing occurred on September 29, 2025; FSCO reported the update thereafter.