secwatch.observer — SEC 8-K summary
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Issuer:     FS KKR Capital Corp (FSK)
CIK:        0001422183
Form:       8-K
Filed at:   2026-05-11T23:59:59+00:00
Accession:  0001104659-26-058250
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1422183/000110465926058250/0001104659-26-058250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1422183/000110465926058250/tm2614112d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-058250

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