---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-058250"
form_type: "8-K"
ticker: "FSK"
cik: "0001422183"
company_name: "FS KKR Capital Corp"
filed_at: "2026-05-11T23:59:59+00:00"
generated_at: "2026-05-14T18:33:51.959716+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# FSK posts Q1 GAAP loss of $1.57/sh, NAV falls to $18.83; announces $150M preferred, tender, buyback

## Summary
- Net investment income $0.42/sh, adjusted NII $0.41/sh; GAAP loss per share ($1.57) due to $2.00 net realized/unrealized loss.
- Net asset value dropped to $18.83 from $20.89; non-accruals rose to 4.2% fair value from 3.4%.
- KKR affiliate to invest $150M in convertible perpetual preferred stock at 5% cash/7% PIK dividend, conversion price $18.83.
- KKR to commence $150M tender offer at $11.00/sh; FSK board authorizes $300M share repurchase program expiring June 2027.
- KKR waives 50% of subordinated income incentive fee for four quarters starting Q2 2026; Q2 dividend maintained at $0.42/sh.

## SEC filing metadata
- accession: 0001104659-26-058250
- form_type: 8-K
- ticker: FSK
- cik: 0001422183
- company_name: FS KKR Capital Corp
- filed_at: 2026-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1422183/000110465926058250/0001104659-26-058250-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1422183/000110465926058250/tm2614112d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-058250
- JSON: https://secwatch.observer/filing/0001104659-26-058250.json
- Plain text: https://secwatch.observer/filing/0001104659-26-058250.txt

## Source-grounded claims
- claim_id: 119dfe41dce9d79d4b57a656f6aefb2de3ca6f99
  claim: FS KKR Capital Corp reported the quarter ended March 31, 2026 results: EPS ($1.57).
  evidence_excerpt: Earnings (Loss) per share of ($1.57), compared to Earnings (Loss) per share of ($0.41) for the quarter ended December 31, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1422183/000110465926058250/0001104659-26-058250-index.htm
- claim_id: c48c6077f97d7b346b877c3cdbe0cba50ea51a99
  claim: FS KKR Capital Corp entered into Purchase Agreement with KKR Alternative Assets L.P. valued at $150,000,000 (effective 2026-05-10).
  evidence_excerpt: On May 10, 2026, FS KKR Capital Corp. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with KKR Alternative Assets L.P., a Delaware limited partnership (the “Purchaser”), pursuant to which the Purchaser has agreed to purchase $150,000,000 in newly issued shares of the Company’s cumulative convertible perpetual preferred stock (the “Convertible Preferred Stock”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1422183/000110465926058250/0001104659-26-058250-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.