FS KKR Capital prices $400 million unsecured notes offering

FS KKR Capital Corp. (NYSE: FSK) announced it has priced an underwritten public offering of $400 million in aggregate principal amount of 6.125% unsecured notes due 2031.

The notes will mature on January 15, 2031, and may be redeemed in whole or in part at the company's option at any time at par plus a make-whole premium. The notes may be redeemed at par one month prior to maturity. The offering is expected to close on September 25, 2025, subject to customary closing conditions.

BofA Securities, BMO Capital Markets Corp., ING Financial Markets LLC, J.P. Morgan Securities LLC, KKR Capital Markets LLC, SMBC Nikko Securities America, and Truist Securities are serving as joint book-running managers for the offering. Additional firms are acting as joint lead managers and co-managers.

FSK stated it intends to use the net proceeds for general corporate purposes, including potentially repaying outstanding indebtedness under credit facilities and certain notes.

FS KKR Capital is a business development company focused on providing credit solutions to private middle market U.S. companies. The company primarily invests in senior secured debt and subordinated debt of private middle market companies. FSK is advised by FS/KKR Advisor, LLC, a partnership between Future Standard and KKR Credit.

The company's shelf registration statement is on file with the Securities and Exchange Commission and was deemed immediately effective upon filing.

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