FS KKR Capital Prices $900M 7.5% Unsecured Notes Due 2031
FSK•FS KKR Capital Corp. priced a $900 million offering of 7.500% unsecured notes maturing August 1, 2031. The issuance is expected to close June 8, 2026, with net proceeds earmarked for general corporate purposes, including potential debt repayment.
1. Offering Details
FS KKR Capital Corp. launched an underwritten public offering of $900 million 7.500% unsecured notes due August 1, 2031, with closing anticipated on June 8, 2026. The notes carry a fixed coupon rate designed to attract yield-focused investors.
2. Redemption Features
The notes are redeemable at FSK’s option at any time at par plus a make-whole premium, and may be redeemed at par beginning three months prior to maturity. These features provide flexibility in managing future interest expense and debt levels.
3. Use of Proceeds
Net proceeds from the offering will fund general corporate needs, including repayment of outstanding credit facility borrowings and certain existing notes. This capital raise aims to optimize FSK’s balance sheet and reduce overall funding costs.
