debt
confidence high
sentiment neutral
materiality 0.70
FS KKR Capital Corp closes $380M CLO securitization via subsidiary
FS KKR Capital Corp
- CLO issued $380M in notes/loans across six tranches; rates range from SOFR+1.48% to +2.15%.
- Issuer is wholly owned special purpose subsidiary KKR – FSK CLO 2 LLC.
- Debt matures April 15, 2037; proceeds used to purchase middle market loan portfolio.
- Company holds 100% membership interests valued at ~$121.2M at closing.
- Company will serve as portfolio manager and waive all base management fees.