As filed with the Securities and Exchange Commission on December 3, 2020

Securities Act File No. 333-231221

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form N-2

 

 

 

   Registration Statement  
   under  
   the Securities Act of 1933  
   Pre-Effective Amendment No.  
   Post-Effective Amendment No. 1  

 

 

FS KKR Capital Corp.

(Exact name of registrant as specified in charter)

 

 

201 Rouse Boulevard

Philadelphia, PA 19112

(215) 495-1150

(Address and telephone number, including area code, of principal executive offices)

 

 

Michael C. Forman

FS KKR Capital Corp.

201 Rouse Boulevard

Philadelphia, PA 19112

(Name and address of agent for service)

 

 

COPIES TO:

James A. Lebovitz

David J. Harris

Dechert LLP

Cira Centre

2929 Arch Street

Philadelphia, PA 19104

Tel: (215) 994-4000

Fax: (215) 994-2222

 

 

Approximate Date of Commencement of Proposed Public Offering: From time to time after the effective date of this Registration Statement.

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, check the following box  ☐

If any securities being registered on this Form will be offered on a delayed or continuous basis in reliance on Rule 415 under the Securities Act of 1933 (“Securities Act”), other than securities offered in connection with a dividend reinvestment plan, check the following box.  ☒

If this Form is a registration statement pursuant to General Instruction A.2 or a post-effective amendment thereto, check the following box  ☐

If this Form is a registration statement pursuant to General Instruction B or a post-effective amendment thereto that will become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box  ☒

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction B to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box  ☐

It is proposed that this filing will become effective (check appropriate box):

 

 

When declared effective pursuant to section 8(c) of the Securities Act

Check each box that appropriately characterizes the Registrant:

 

 

Registered Closed-End Fund (closed-end company that is registered under the Investment Company Act of 1940 (the “Investment Company Act”)).

 

 

Business Development Company (closed-end company that intends or has elected to be regulated as a business development company under the Investment Company Act.

 

 

Interval Fund (Registered Closed-End Fund or a Business Development Company that makes periodic repurchase offers under Rule 23c-3 under the Investment Company Act).

 

 

A.2 Qualified (qualified to register securities pursuant to General Instruction A.2 of this Form).

 

 

Well-Known Seasoned Issuer (as defined by Rule 405 under the Securities Act).

 

 

Emerging Growth Company (as defined by Rule 12b-2 under the Securities and Exchange Act of 1934).

 

 

If an Emerging Growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.

 

 

New Registrant (registered or regulated under the Investment Company Act for less than 12 calendar months preceding this filing).

 

 

CALCULATION OF REGISTRATION FEE UNDER THE SECURITIES ACT OF 1933

 

 

Title of Securities

Being Registered

 

Proposed

Maximum

Aggregate

Offering Price (1) (2)

 

Amount of

Registration Fee (1) (2)

Common Stock, $0.001 par value per share (3)

       

Preferred Stock, $0.001 par value per share (3)

       

Warrants (3)

       

Subscription Rights (4)

       

Debt Securities (5)

       

Total

  $2,045,000,000 (5)   $241,259.50

 

 

(1)

Estimated pursuant to Rule 457(o) under the Securities Act, solely for the purpose of determining the registration fee. The proposed maximum offering price per security will be determined, from time to time, by the Registrant in connection with the sale by the Registrant of the securities registered under this registration statement.

(2)

The Registrant previously registered an aggregate offering price of $1,500,000,000 under the Registrant’s Registration Statement on Form N-2 (File No. 333-231221), initially filed with the Commission on May 3, 2019 (the “Original Registration Statement”), for which a filing fee of $181,800.00 was previously paid. In accordance with Rule 462(e) under the Securities Act, an additional proposed maximum offering price of $545,000,000 is hereby registered and an additional filing fee of $59,459.50 is being paid in connection with such registration.

(3)

Subject to Note 6 in the Original Registration Statement, an indeterminate number of shares of common stock, preferred stock or warrants as may be sold, from time to time, are being registered hereunder. Warrants may represent rights to purchase common stock, preferred stock or debt securities.

(4)

Subject to Note 6 in the Original Registration Statement, an indeterminate number of subscription rights as may be sold, from time to time, representing rights to purchase common stock, are being registered hereunder.

(5)

Subject to Note 6 in the Original Registration Statement, an indeterminate principal amount of debt securities as may be sold, from time to time, are being registered hereunder. If any debt securities are issued at an original issue discount, then the offering price shall be in such greater principal amount as shall result in an aggregate price to investors not to exceed $2,045,000,000.

(6)

In no event will the aggregate offering price of all securities issued from time to time pursuant to this registration statement exceed $2,045,000,000.

The Registration Statement shall become effective upon filing with the Securities and Exchange Commission in accordance with Rule 462(e) under the Securities Act of 1933, as amended.

 

 

 


EXPLANATORY NOTE AND INCORPORATION BY REFERENCE

This Post-Effective Amendment No. 1 to Registration Statement on Form N-2 is being filed by FS KKR Capital Corp. (the “Registrant”) with the U.S. Securities and Exchange Commission (the “Commission”) to register an additional $545,000,000 of proposed maximum offering price of securities. This Registration Statement incorporates by reference the contents of the Registrant’s Registration Statement on Form N-2 (File No. 333-231221), initially filed with the Commission on May 3, 2019 (the “Original Registration Statement”), which became immediately effective, including each of the documents filed by the Registrant with the Commission and all the exhibits thereto. The required opinions of counsel and related consents and accountant’s consent are attached hereto and filed herewith. The contents of the Original Registration Statement, including the exhibits thereto and incorporated by reference therein, are incorporated by reference into this Registration Statement.

OTHER INFORMATION

Item 25. Financial Statements and Exhibits

2) Exhibits

 

(l)(1)   Opinion of Miles & Stockbridge P.C.*
(l)(2)   Opinion of Dechert LLP.*
(n)(1)   Consent of Miles & Stockbridge P.C. (Incorporated by reference to Exhibit (l)(1) hereto.) 
(n)(2)   Consent of Dechert LLP. (Incorporated by reference to Exhibit (l)(2) hereto.)
(n)(3)   Consent of RSM US LLP relating to FS KKR Capital Corp.*
(n)(4)   Consent of RSM US LLP relating to FS KKR Capital Corp. II.*
(n)(5)   Consent of Deloitte & Touche LLP relating to FS KKR Capital Corp.*
(n)(6)   Consent of Deloitte & Touche LLP relating to FS KKR Capital Corp. II.*

 

*

Filed herewith.


Signatures

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant has duly caused this Post-Effective Amendment No. 1 to Registration Statement on Form N-2 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Philadelphia and Commonwealth of Pennsylvania, on the 3rd day of December, 2020.

 

FS KKR CAPITAL CORP.
By:  

/s/ Michael C. Forman

Name:   Michael C. Forman
Title:   Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 1 to Registration Statement on Form N-2 has been signed below by the following persons in the capacities and on the dates indicated:

 

Signature

  

Title

 

Date

/s/ Michael C. Forman

Michael C. Forman

  

Chief Executive Officer and Director

(Principal Executive Officer)

  December 3, 2020

/s/ Steven Lilly

Steven Lilly

  

Chief Financial Officer

(Principal Financial Officer)

  December 3, 2020

/s/ William Goebel

William Goebel

  

Chief Accounting Officer

(Principal Accounting Officer)

  December 3, 2020

*

Todd Builione

   Director   December 3, 2020

*

Barbara Adams

   Director   December 3, 2020

*

Brian R. Ford

   Director   December 3, 2020

*

Richard I. Goldstein

   Director   December 3, 2020

*

Michael J. Hagan

   Director   December 3, 2020

*

Jeffrey K. Harrow

   Director   December 3, 2020

*

Jerel A. Hopkins

   Director   December 3, 2020

*

James H. Kropp

   Director   December 3, 2020

/s/ Osagie Imasogie

Osagie Imasogie

   Director   December 3, 2020

/s/ Elizabeth Sandler

Elizabeth Sandler

   Director   December 3, 2020

 

*By:  

/s/ Michael C. Forman

 

Michael C. Forman,

Attorney-in-Fact