debt
confidence high
sentiment neutral
materiality 0.50
FS KKR Capital Corp. issues $100M add-on 6.125% notes due 2030, total now $700M
FS KKR Capital Corp
- Issued $100M additional 6.125% notes due 2030 as a single series with $600M existing notes; total $700M outstanding.
- Net proceeds ~$98.3M after underwriting discounts ($1.0M) and offering expenses ($0.2M).
- Intends to use net proceeds for general corporate purposes, including potential repayment of credit facility and note debt.
- Notes are unsecured, rank pari passu with existing unsecured unsubordinated debt, mature Jan 15, 2030, and interest payable semi-annually.
- Joint book-running managers: BofA Securities, BMO Capital Markets, J.P. Morgan, KKR Capital Markets, SMBC Nikko, Truist Securities.