debt
confidence high
sentiment neutral
materiality 0.40
FSK issues $600M 6.125% unsecured notes due 2030; net proceeds ~$590.9M
FS KKR Capital Corp
- Notes mature Jan 15, 2030; interest 6.125% semi-annual, first payment July 15, 2025.
- Net proceeds ~$590.9M after underwriting discounts ($6M) and expenses ($1.2M).
- Proceeds for general corporate purposes, including potential repayment of other debt.
- Notes are unsecured, rank pari passu with other unsecured debt, structurally junior to subsidiary debt.
- Redemption at company's option at any time at prescribed prices; change-of-control repurchase at 100% plus accrued interest.