FSK Closes $900M Unsecured Notes Offering Due 2031
Summary
FS KKR Capital Corp. (FSK) has completed its $900 million public offering of 7.500% unsecured notes due 2031. This closing follows the pricing announcement on June 2nd and provides substantial capital for general corporate purposes, including potential debt repayment. The successful completion of this financing is a crucial development for FSK, which has recently faced significant Q1 2026 net losses, a decline in net asset value, and a dividend cut. This capital infusion helps stabilize the company's financial position.
At the time of this announcement, FSK was trading at $10.64 on NYSE in the Finance sector, with a market capitalization of approximately $3B. The 52-week trading range was $9.72 to $22.68. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: PR Newswire.