---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-078916"
form_type: "8-K"
ticker: "FSK"
cik: "0001422183"
company_name: "FS KKR Capital Corp"
filed_at: "2026-06-29T21:06:06+00:00"
generated_at: "2026-06-29T21:08:28.089578+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FSK closes $150M convertible preferred issuance to KKR; adviser waives 50% subordinated incentive fee

## Summary
- Issued 6M shares of cumulative convertible perpetual preferred stock at $25/share to KKR subsidiary; proceeds for general corporate purposes.
- Initial dividend 5.00% cash or 7.00% PIK; after 5.5 years increases 1% per annum.
- Conversion price initially $18.83 (NAV as of 3/31/2026); convertible after 6 months.
- Adviser waives 50% of subordinated income incentive fee for quarters ending 6/30/2026 through 3/31/2027; no recoupment.
- Company may redeem in cash at any time; after 3 years may redeem in stock if 30-day VWAP >= conversion price.

## SEC filing metadata
- accession: 0001104659-26-078916
- form_type: 8-K
- ticker: FSK
- cik: 0001422183
- company_name: FS KKR Capital Corp
- filed_at: 2026-06-29T21:06:06+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1422183/000110465926078916/0001104659-26-078916-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1422183/000110465926078916/tm2619102d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-078916
- JSON: https://secwatch.observer/filing/0001104659-26-078916.json
- Plain text: https://secwatch.observer/filing/0001104659-26-078916.txt

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