PHILADELPHIA, June 3, 2020 /PRNewswire/ -- FS KKR Capital
Corp. (NYSE: FSK), a leading publicly traded business development
company focused on providing customized credit solutions to private
middle market U.S. companies, previously disclosed an investment
fund with expected aggregate commitments of approximately
$124 million established to invest
from time to time in shares of the Company.
On June 1, 2020, certain directors
and officers of the Company and affiliates and employees of owners
of the Company's investment advisor, FS/KKR Advisor, LLC, committed
approximately $18 million to such
investment fund and may fund such commitments from time to time
with cash from the disposition of shares of the Company or cash
from other sources. The investment fund is managed by a third party
and the related investors do not exercise investment or voting
control over the investment fund. This is the second vehicle
established to purchase shares of the Company's stock. Also
as previously announced, certain affiliates of the owners of FS/KKR
Advisor have also committed $100
million to a separate $350
million investment vehicle that may invest from time to time
in shares of the Company and its affiliate, FS KKR Capital Corp.
II.
About FS KKR Capital Corp.
FS KKR Capital Corp. (NYSE: FSK) is a leading 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.
FSK is advised by FS/KKR Advisor, LLC. For more information,
please visit www.fskkrcapitalcorp.com.
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 $16 billion
in assets under management as of March 31,
2020. The BDCs managed by FS/KKR are FSK and FS KKR Capital
Corp. 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. Visit www.fsinvestments.com to
learn more.
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. For
additional information about KKR & Co. Inc. (NYSE: KKR), please
visit KKR's website at www.kkr.com and on Twitter @KKR_Co.
Forward-Looking Statements and Important Disclosure
Notice
This announcement may contain certain forward-looking
statements, including statements with regard to the aforementioned
investment vehicles and statements with regard to other future
events or the future performance or operations of FSK. Words such
as "may," "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,
natural disasters or pandemics such as COVID-19, 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.
There can be no assurance that the investment funds will
purchase any Company shares.
The information contained in this press release is summary
information that is intended to be considered in the context of
FSK's SEC filings and other public announcements that FSK may make,
by press release or otherwise, from time to time. FSK undertakes no
duty or obligation to update or revise the information contained in
this press release. In addition, information related to past
performance, while helpful as an evaluative tool, is not
necessarily indicative of future results, the achievement of which
cannot be assured. Investors should not view the past performance
of FSK, or information about the market, as indicative of FSK's
future results.
Contact Information:
Investor Relations Contact
Robert Paun
Robert.Paun@fsinvestments.com
FS Investments Media Team
Melanie Hemmert
media@fsinvestments.com
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SOURCE FS KKR Capital Corp.