secwatch.observer — SEC 8-K summary
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Issuer:     FS Credit Opportunities Corp. (FSCO)
CIK:        0001568194
Form:       8-K
Filed at:   2023-09-21T23:59:59+00:00
Accession:  0001104659-23-102596
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

FS Credit Opportunities enters $50M equity total return swap with Nomura via affiliated fund FSEP
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- FSEP obtained economic benefit of up to $50M of FSCO common shares via swap with Nomura.
- Swap term is three years; early termination possible under certain events.
- FSEP's adviser is majority-owned by Franklin Square Holdings, which also controls FSCO's adviser.
- FSEP pays interest-type payments to Nomura in exchange for share exposure without direct ownership.
- Transaction enables FSEP to gain FSCO exposure without acquiring shares outright.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568194/000110465923102596/0001104659-23-102596-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568194/000110465923102596/tm2326628d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-102596

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