FSK evaluates the public offering of $ 500,000,000 of 1.650% bonds due 2024 and $ 750,000,000 at 3.125% of bonds due 2028
PHILADELPHIA CREAM, October 4, 2021 / PRNewswire / – FS KKR Capital Corp. (NYSE: FSK) announced that it has priced a takeover bid for $ 500,000000 in the aggregate principal amount of its 1.650% unsecured notes due 2024 (the â2024 Notesâ) and $ 750,000,000 the total principal amount of its 3.125% unsecured notes due 2028 (the â2028 Notesâ and, together with the 2024 Notes, the âNotesâ). The 2024 Bonds will mature on 12 October 2024 and the 2028 Bonds will mature on 12 October 2028. The Notes may be redeemed in whole or in part at the option of FSK at any time at par plus a âredemptionâ premium, provided that the 2028 Notes can be redeemed at par two months before maturity. The offer is expected to close on 12 October 2021, subject to customary closing conditions.
BofA Securities, Inc., BMO Capital Markets Corp., KKR Capital Markets LLC, MUFG Securities Americas Inc., Truist Securities, Inc., ING Financial Markets LLC, JP Morgan Securities LLC, SMBC Nikko Securities America, Inc., HSBC Securities (United States) Inc. and Mizuho Securities United States LLC is acting as co-book manager for this offering. RBC Capital Markets, LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Santander Investment Securities Inc. and SG Americas Securities, LLC are acting as co-leader of this offer. Barclays Capital Inc., Credit Suisse Securities (United States) LLC, Compass Point Research & Trading, LLC, ICBC Standard Bank Plc, R. Seelaus & Co., LLC, Keefe, Bruyette & Woods, Inc. and US Bancorp Investments, Inc. are acting as co-managers for this offering.
FSK plans to use the net proceeds of this offering for general corporate purposes, including to repay outstanding debt under its financing agreements.
Investors are advised to carefully consider the investment objectives, risks, costs and expenses of FSK before investing. The dated pricing conditions sheet October 4, 2021, the preliminary prospectus supplement dated October 4, 2021, and the accompanying leaflet dated October 4, 2021, each of which has been filed with the United States Securities and Exchange Commission (the âSECâ), contain this and other information about FSK and should be read carefully before investing.
The information contained in the pricing schedule, the provisional prospectus supplement, the accompanying prospectus and this press release are not complete and may be amended. The pricing terms sheet, preliminary prospectus supplement, accompanying prospectus and this press release do not constitute offers to sell securities of FSK and do not solicit an offer to buy such securities in any State. or a jurisdiction where such offering and selling is not permitted.
FSK’s store registration statement is on file and was considered immediately effective upon filing with the SEC. Before investing, you should read the prospectus in this registration statement, the preliminary prospectus supplement and other documents that FSK has filed with the SEC to obtain more complete information about FSK and this offering. You can obtain these documents free of charge by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, FSK, any underwriter or broker participating in the offering will arrange to send you the prospectus supplement and accompanying prospectus if you request it from BofA Securities, Inc., 200 North College Street, NC1- 004-03-43, Charlotte, North Carolina 28255-0001, for the attention of: Service Prospectus, tel: (800)294-1322; email: [email protected]; BMO Capital Markets Corp., 151 West 42nd Street, New York, New York State 10036, Attn .: Debt Capital Markets Syndicate, Tel. : 1-866-864-7760; KKR Capital Markets LLC, 30 Hudson Yards, New York, New York State 10001: phone: 212-230-9433; MUFG Securities Americas Inc., 1221 Avenue of the Americas, sixth floor, New York, New York State 10020, tel. : 877-649-6848; Truist Securities, Inc., 303 Peachtree Street, Atlanta, Georgia 30326, Attn .: Prospectus Department, tel. : 800-685-4786, e-mail: [email protected]
About FS KKR Capital Corp.
FS KKR Capital Corp. (NYSE: FSK) is a leading publicly traded Business Development Company (BDC) focused on providing personalized lending solutions to private mid-market US businesses. FSK seeks to invest primarily in senior secured debt and, to a lesser extent, subordinated debt of private mid-market companies. FSK is advised by FS / KKR Advisor, LLC.
About FS / KKR Advisor, LLC
FS / KKR Advisor, LLC (FS / KKR) is a partnership between FS Investments and KKR Credit which serves as an investment advisor to FSK.
FS Investments is a leading asset manager dedicated to helping individuals, financial professionals and institutions design better portfolios. The company provides access to alternative sources of income and growth, and is focused on setting industry standards for investor protection, education and transparency. FS Investments is headquartered at Philadelphia, Pennsylvania with offices in New York, New York State, Orlando, Florida and Leawood, KS.
KKR Credit is a subsidiary of KKR & Co. Inc., a leading global investment firm that manages several alternative asset classes, including private equity, credit and real assets, with manager partnerships who manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people and driving growth and value creation with the KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds.
Forward-Looking Statements and Material Disclosure Notice
This announcement may contain certain forward-looking statements, including statements regarding future events or the future performance or operations of FSK. Words such as “believes”, “expects”, “plans” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the uncertainties inherent in forecasting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, risks associated with a possible disruption to FSK’s operations or the economy in general due to terrorism, natural disasters or pandemics such as COVID-19, future changes in laws or regulations and conditions in FSK’s area of ââoperation and the price at which FSK common stock is trading on the New York Stock Exchange. Some of these factors are listed in documents filed by FSK with the SEC. FSK assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
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