PHILADELPHIA, Dec. 10, 2020 /PRNewswire/ -- FS KKR Capital
Corp. (NYSE: "FSK") today announced that it has completed its
previously announced underwritten offering of $1,000,000,000 in aggregate principal amount of
its 3.400% unsecured notes due 2026 (the "Notes"). BofA Securities,
Inc., BMO Capital Markets Corp., ING Financial Markets LLC, MUFG
Securities Americas Inc., SMBC Nikko Securities America, Inc.,
Truist Securities, Inc., J.P. Morgan Securities LLC, Deutsche Bank
Securities Inc., HSBC Securities (USA) Inc., Mizuho Securities USA LLC and KKR Capital Markets LLC acted as
joint book-running managers for this offering. Citigroup Global
Markets Inc., Goldman Sachs & Co. LLC, RBC Capital Markets,
LLC, Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC
acted as joint lead managers for this offering. BNP Paribas
Securities Corp., SG Americas Securities, LLC, Compass Point
Research & Trading, LLC, ICBC Standard Bank Plc, R. Seelaus
& Co., LLC, Keefe, Bruyette & Woods, Inc. and U.S. Bancorp
Investments, Inc. acted as co-managers for this offering.
FSK expects to use the net proceeds of this offering to repay
outstanding indebtedness under its financing arrangements.
This announcement does not constitute an offer to sell or a
solicitation of an offer to buy any of the Notes, nor shall there
be any offer, solicitation or sale in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful.
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
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 $15 billion in assets under management as of
September 30, 2020. The BDCs managed
by FS/KKR are FSK and FS KKR Capital Corp. II (NYSE: FSKR).
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, Washington, DC and Leawood, KS.
KKR Credit is a subsidiary of KKR & Co. Inc., a leading
global investment firm that manages multiple alternative asset
classes, including private equity, credit and real assets, 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
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, 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.
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SOURCE FS KKR Capital Corp.