FS KKR Capital Prices $900M 7.5% Notes Maturing August 2031
FSCO•FS KKR Capital Corp has priced a $900 million public offering of 7.500% unsecured notes due August 1, 2031. The company plans to use the net proceeds for general corporate purposes, including potential repayment of outstanding credit facility indebtedness and other notes.
1. Pricing and Terms
FS KKR Capital Corp priced an underwritten public offering of $900 million aggregate principal of 7.500% unsecured notes due August 1, 2031. The notes bear interest at 7.500% per annum payable semi-annually and may be redeemed at par three months prior to maturity or at par plus a make-whole premium at the issuer’s option.
2. Underwriting and Closing
The offering is expected to close on June 8, 2026, subject to customary closing conditions. BofA Securities, BMO Capital Markets, J.P. Morgan Securities, KKR Capital Markets, RBC Capital Markets and SMBC Nikko Securities are acting as joint book-running managers, with additional institutions serving as lead managers and co-managers.
3. Use of Proceeds
FS KKR intends to use net proceeds for general corporate purposes, including potential repayment of outstanding indebtedness under credit facilities and certain notes, aiming to optimize its capital structure and lower funding costs.
