FS KKR Capital Corp. Completes Offering of $500,000,000 1.650% Notes Due 2024 and $750,000,000 3.125% Notes Due 2028 and Announces the Redemption of All of its 5.00% Senior Notes Due 2022
October 12, 2021 at 10:10 pm EDT
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FS KKR Capital Corp. announced that it has completed its previously announced offering (the "Offering") of $500,000,000 in aggregate principal amount of its 1.650% unsecured notes due 2024 (the "2024 Notes") and $750,000,000 in aggregate principal amount of its 3.125% unsecured notes due 2028 (the "2028 Notes," and together with the 2024 Notes, the "Notes"). BofA Securities Inc., BMO Capital Markets Corp., KKR Capital Markets LLC, MUFG Securities Americas Inc., Truist Securities Inc., ING Financial Markets LLC, J.P. Morgan Securities LLC, SMBC Nikko Securities America Inc., HSBC Securities (USA) Inc. and Mizuho Securities USA LLC are acting as joint book-running managers for this offering. RBC Capital Markets, LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Santander Investment Securities Inc. and SG Americas Securities, LLC are acting as joint lead managers for this offering. Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Compass Point Research & Trading, LLC, ICBC Standard Bank Plc, R. Seelaus & Co., LLC, Keefe, Bruyette & Woods Inc. and U.S. Bancorp Investments Inc. are acting as co-managers for this offering. On October 12, 2021, FSK issued a notice of redemption providing for the redemption of its 5.00% senior notes due 2022 (the "2022 Notes") in full on November 11, 2021 (the "Redemption Date") for 100% of the aggregate principal amount of the 2022 Notes, plus the accrued and unpaid interest through, but excluding, the Redemption Date (the "Redemption"). All of the 2022 Notes will be redeemed in connection with the Redemption. FSK expects to use a portion of the net proceeds of the Offering to fund the Redemption, including the payment of all accrued interest and costs and expenses in connection with the Redemption. The remainder of the net proceeds from the Offering will be used to repay outstanding indebtedness under FSK's financing arrangements.
FS KKR Capital Corp. is an externally managed, non-diversified, closed-end management investment company, which regulates as a business development company (BDC). It is focused on providing customized credit solutions to private middle market United States companies. Its investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. Its portfolio is composed primarily of investments in senior secured loans and second lien secured loans of private middle market United States companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private United States companies. In addition, a portion of its portfolio may be comprised of corporate bonds, structured products, other debt securities and derivatives, including total return swaps and credit default swaps. It invests in sectors, such as financial services, commercial and professional services, among others. It is managed by FS/KKR Advisor, LLC.
FS KKR Capital Corp. Completes Offering of $500,000,000 1.650% Notes Due 2024 and $750,000,000 3.125% Notes Due 2028 and Announces the Redemption of All of its 5.00% Senior Notes Due 2022
FS KKR CAPITAL CORP. 
