FS KKR Capital to issue $150M convertible preferred to KKR affiliate; launches $150M stock tender

FS KKR Capital Corp

• Purchase agreement with KKR Alternative Assets L.P. for $150M in cumulative convertible perpetual preferred stock.
• Closing conditioned on expiration of a tender offer for up to $150M of FSK common stock and HSR clearance.
• Expected closing 11 business days after tender offer expiration.
• Preferred shares offered as unregistered securities under Section 4(a)(2) exemption.

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