PHILADELPHIA AND NEW YORK, Dec. 10,
2019 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK)
announced that it has priced an underwritten public offering of an
additional $45 million in aggregate
principal amount of its 4.125% unsecured notes due 2025 (the
"Notes") pursuant to a reopening of such Notes. The Notes will
mature on February 1, 2025 and may be
redeemed in whole or in part at FSK's option at any time at par
plus a "make-whole" premium, provided that the Notes may be
redeemed at par one month prior to their maturity. The offering is
expected to close on December 17,
2019, subject to customary closing conditions.
J.P. Morgan Securities LLC is acting as book-running manager for
this offering.
FSK expects to use the net proceeds of this offering to repay
outstanding indebtedness under its financing arrangements.
Other Information
Investors are advised to
carefully consider the investment objectives, risks, charges and
expenses of FSK before investing. The pricing term sheet dated
December 10, 2019, the preliminary prospectus supplement
dated December 10, 2019, and the
accompanying prospectus dated May 3,
2019, each of which has been filed with the U.S. Securities
and Exchange Commission (the "SEC"), contain this and other
information about FSK and should be read carefully before
investing.
The information in the pricing term sheet, the preliminary
prospectus supplement, the accompanying prospectus and this press
release is not complete and may be changed. The pricing term sheet,
the preliminary prospectus supplement, the accompanying prospectus
and this press release are not offers to sell any securities of FSK
and are not soliciting an offer to buy such securities in any state
or jurisdiction where such offer and sale is not permitted.
FSK's shelf registration statement is on file and was deemed
immediately effective upon filing with the SEC. Before you invest,
you should read the prospectus in that registration statement, the
preliminary prospectus supplement and other documents FSK has filed
with the SEC for more complete information about FSK and this
offering. You may get these documents for free by visiting EDGAR on
the SEC Web site at www.sec.gov. Alternatively, FSK or J.P.
Morgan Securities LLC, in its capacity as underwriter, will arrange
to send you the prospectus supplement and accompanying prospectus
if you request it from J.P. Morgan Securities LLC at
212-834-4533.
About FS KKR Capital Corp.
FSK is a publicly traded
business development company (BDC) focused on providing customized
credit solutions to private middle market U.S. companies. FSK seeks
to invest primarily in the senior secured debt and, to a lesser
extent, the subordinated debt of private middle market companies to
achieve the best risk-adjusted returns for its investors. 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
that serves as the investment adviser to BDCs with approximately
$17 billion in assets under
management as of September 30, 2019. The BDCs managed by
FS/KKR include FSK, FS Investment Corporation II, FS Investment
Corporation III, FS Investment Corporation IV and Corporate Capital
Trust II.
FS Investments is a leading asset manager dedicated to helping
individuals, financial professionals and institutions design better
portfolios. The firm provides access to alternative sources of
income and growth, and focuses on setting industry standards for
investor protection, education and transparency. FS Investments is
headquartered in Philadelphia, PA
with offices in New York, NY,
Orlando, FL and Washington, DC.
KKR Credit is a subsidiary of KKR & Co. Inc., a leading
global investment firm that manages multiple alternative asset
classes, including private equity, energy, infrastructure, real
estate and credit, with strategic manager partnerships that 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 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 Important Disclosure
Notice
This announcement may contain certain
forward-looking statements, including statements with regard to
future events or the future performance or operations of FSK. Words
such as "believes," "expects," "projects," and "future" or similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are subject to the inherent
uncertainties in predicting 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 possible disruption in FSK's
operations or the economy generally due to terrorism or natural
disasters, future changes in laws or regulations and conditions in
FSK's operating area, and the price at which shares of FSK's common
stock trade on the New York Stock Exchange. Some of these factors
are enumerated in the filings FSK makes with the SEC. FSK
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contact Information:
Investor Relations Contact
Robert
Paun
Robert.Paun@fsinvestments.com
Media Contact
Mollie Applegate
Media@fsinvestments.com
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SOURCE FS KKR Capital Corp.