debt
confidence high
sentiment positive
materiality 0.60
FS KKR Capital subsidiary extends loan facility; maturity extended 2 years, spread cut 50bps
FS KKR Capital Corp
- Third Amendment extends revolving period to Nov 2027 and facility termination to Nov 2029 from previous dates.
- Applicable spread reduced from 275 bps to 225 bps, lowering borrowing cost.
- Value adjustment events modified; other terms of the $200M facility unchanged.
- Amendment also updates Account Control Agreement to add new operating and pre-funded loan accounts.
- Conditions precedent include legal opinions, resolutions, and no default.