FSK FS KKR Capital Corp
Price Chart
Executive Summary
FSK priced a $900M public offering of 7.500% unsecured notes due 2031, expected to close June 8, 2026. Proceeds will be used for general corporate purposes, including potentially repaying outstanding debt. This is a significant debt capital markets transaction that extends FSK's maturity profile at a fixed coupon, but does not provide any earnings or operational update.
Actionable Insight
The $900M note issuance at 7.500% locks in a fixed cost of debt for FSK through 2031. Monitor the use of proceeds — if used to repay higher-cost credit facility borrowings, it could modestly reduce net interest expense. The offering does not dilute common equity holders. No earnings or NAV data was provided in this filing.
Key Facts
- Priced $900,000,000 in aggregate principal amount of 7.500% unsecured notes due 2031
- Notes mature on August 1, 2031
- Offering expected to close on June 8, 2026
- Notes redeemable at FSK's option at any time at par plus make-whole premium, or at par three months prior to maturity
- Net proceeds intended for general corporate purposes, including potentially repaying outstanding indebtedness under credit facilities and certain notes
- Joint book-running managers include BofA Securities, BMO Capital Markets, J.P. Morgan, KKR Capital Markets, RBC Capital Markets, and SMBC Nikko
Financial Impact
$900,000,000 in new unsecured notes at 7.500% coupon
Risk Factors
- Increased leverage from $900M in new debt
- Higher fixed interest expense at 7.500% coupon
- Potential for credit rating impact if leverage increases materially
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-069184 |
| Document: tm2616590d1_ex99-1.htm | 0001104659-26-069184 |
| Document: 0001104659-26-069184-index-headers.html | 0001104659-26-069184 |
| Document: 0001104659-26-069184-index.html | 0001104659-26-069184 |
| Document: 0001104659-26-069184.txt | 0001104659-26-069184 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 8, 2026
6d ago
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8-K
| $10.64 awaiting T+1 | awaiting T+1 | — | $11.06 (+3.95%) |
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Jun 2, 2026
12d ago
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8-K
| $10.80 $10.97 | ▼ −1.57% | ▼ −1.18% | $11.06 (−2.41%) |
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Jun 2, 2026
12d ago
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8-K
| $10.90 $10.80 | ▼ −0.92% | ▼ −0.20% | $11.06 (+1.47%) |
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May 18, 2026
27d ago
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8-K
| $10.59 $10.96 | ▲ +3.49% | ▲ +2.45% | $11.06 (+4.44%) |
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May 12, 2026
4w ago
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8-K
| $10.72 $10.72 | · 0.00% | ▲ +0.00% | $11.06 (+3.17%) |
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May 11, 2026
4w ago
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8-K
| $10.76 $10.78 | ▼ −0.19% | ▼ −0.32% | $11.06 (−2.79%) |
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May 5, 2026
5w ago
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DEFA14A
| $11.50 $11.42 | ▼ −0.70% | ▼ −2.08% | $11.06 (−3.83%) |
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Apr 30, 2026
6w ago
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DEFA14A
| $11.55 $11.62 | ▲ +0.61% | ▲ +0.95% | $11.06 (−4.24%) |
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Apr 30, 2026
6w ago
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DEFA14A
| $11.55 $11.62 | ▲ +0.61% | ▲ +0.95% | $11.06 (−4.24%) |
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Apr 30, 2026
6w ago
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DEFA14A
| $11.55 $11.62 | ▲ +0.61% | ▲ +0.95% | $11.06 (−4.24%) |
US Market Status
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