#United States #Philadelphia #Unsecured Notes #FS KKR #Capital Corp

FS KKR Capital Corp. Completes $400 Million Unsecured Notes Offering

On September 25, 2025, FS KKR Capital Corp. (NYSE: FSK) announced the successful completion of its public offering, amounting to $400 million in aggregate principal of 6.125% unsecured notes set to mature in 2031. This initiative was initially unveiled some time prior, and the offering attracted substantial attention from the investment community.

The offering was managed by a group of distinguished financial institutions, acting as joint book-running managers. Prominent among these were BofA Securities, Inc., BMO Capital Markets Corp., ING Financial Markets LLC, J.P. Morgan Securities LLC, and KKR Capital Markets LLC, alongside several others including Truist Securities, MUFG Securities, and RBC Capital Markets. Each played a crucial role in attracting investors by showcasing the reliability and potential returns associated with these notes.

Investors have shown a keen interest in the terms of the offering, particularly given the attractive interest rate of 6.125% for unsecured notes. This rate positions these notes favorably in the current market environment, especially as fixed-income assets become increasingly sought after in light of economic fluctuations. The funds raised will be utilized for general corporate purposes, which may involve repaying existing debt as well as fulfilling operational costs - a move perceived positively by market analysts.

FS KKR Capital Corp. primarily focuses on providing customized credit solutions tailored to private middle-market companies across the U.S., reinforcing its commitment to flexible investment strategies aimed at innovative growth. The notes serve as an extension of their strategy, broadening their investment reach and access to necessary capital.

In a statement, the company expressed eagerness in utilizing the raised capital for bolstering operational efficiency while also looking to expand its footprint in the middle market. The firm’s alternative asset management ties back to its partnership with FS/KKR Advisor, LLC, which has a proven history of value creation across diverse investment sectors.

About FS KKR Capital Corp.
FS KKR Capital Corp. stands out as a publicly traded business development company (BDC) at the forefront of offering tailored credit options for U.S. private middle-market firms. With a well-defined strategy that emphasizes senior secured debt while also engaging in subordinated debt acquisitions, FS KKR creates a conducive environment for companies to thrive amidst increasing competition.

About FS/KKR Advisor, LLC
The management of FS KKR is undertaken by FS/KKR Advisor, LLC, which operates in conjunction with KKR Credit, underscoring the expertise behind the strategic investment decisions made by the company. This duo, with its combined experience and resources, is pivotal in navigating through various financial landscapes while maintaining a robust focus on growth in specialized market segments.

Outlook and Market Response
Upon the announcement, market analysts noted how the successful completion of the offering aligns with FS KKR's overarching commitment to providing innovative financial solutions. Investors are increasingly considering the BDC landscape as a viable investment angle, especially as traditional avenues yield less promising outcomes.

With this offering now complete, FS KKR Capital Corp. is poised to solidify its role in the evolving landscape of middle-market finance, leveraging the funds raised to not only facilitate operational efficiencies but to empower partner companies to reach new heights. The competitive interest rate paired with the backing of reputable financial institutions signals strong potential for future growth and investor confidence in the company’s direction.

As FS KKR continues to engage in prudent financial strategies, market observers are eager to see how this infusion of capital impacts their overall growth trajectory in the coming years.