debt
confidence high
sentiment neutral
materiality 0.55
FS Credit Opportunities Corp. issues $100M of 6.70% Term Preferred Shares due 2029
FS Credit Opportunities Corp.
- Issued $100M aggregate principal of 6.70% Term Preferred Shares, Series 2029; matures May 16, 2029.
- Dividends payable semi-annually on May 16 and Nov 16, starting Nov 16, 2024; $1,000 liquidation preference.
- Goldman Sachs & Co. LLC served as placement agent; shares sold to QIBs under Rule 4(a)(2).
- Redeemable at issuer's option at any time at $1,000/share plus make-whole premium.
- Articles Supplementary filed establishing rights and preferences of the new series.