FS KKR CAPITAL CORP.

(FSK)
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Delayed Nyse  -  04:00 2022-07-01 pm EDT
19.80 USD   +1.96%
06/22FS KKR CAPITAL CORP : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
05/18FS KKR CAPITAL CORP : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)
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05/18FS KKR Capital Corp. Enters into Amendment No. 2 to Second Amended and Restated Senior Secured Revolving Credit Facility
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FS KKR Capital Corp. Enters into Amendment No. 2 to Second Amended and Restated Senior Secured Revolving Credit Facility

05/18/2022 | 09:02am EDT

On May 17, 2022, FS KKR Capital Corp., or the Company, as borrower, entered into an amendment no. 2, or Amendment No. 2, with JPMorgan Chase Bank, N.A., or JPMorgan, as administrative agent, ING Capital LLC, or ING, as collateral agent, and the lenders party thereto, which amends the second amended and restated senior secured revolving credit facility originally entered into on December 23, 2020, which was subsequently amended on September 27, 2021 (and as further amended by Amendment No. 2, the Credit Agreement), among the Company, as borrower, JPMorgan, as administrative agent, ING, as collateral agent, and the lenders party thereto. Amendment No. 2 provides for, among other things, (a) an upsize of the aggregate principal amount of the revolving credit commitments under the Credit Agreement from $4,025,000,000 to $4,640,000,000, (b) an upsize of the Company’s option to request, at one or more times, that existing and/or new lenders, at their election, provide additional commitments from an amount of up to $2,012,500,000 of additional commitments to up to $2,320,000,000 of additional commitments, (c) an extension of the revolving period from December 23, 2024 to May 17, 2026, (d) an extension of the scheduled maturity date from December 23, 2025 to May 17, 2027, (e) a reduction of the applicable margin from 2.00% to 1.875% for term SOFR loans (or from 1.00% to 0.875% if the Company elects the base rate option), with a step down to 1.75% for term SOFR loans (or to 0.75% if the Company elects the base rate option) if the value of the gross borrowing base is equal to or greater than 1.60 times the aggregate amount of certain outstanding indebtedness of the Company, (f) a reduction of the commitment fee from up to 0.50% per annum (based on the immediately preceding quarter’s average usage) to 0.375% per annum, in each case, on the unused portion of its sublimit under the Credit Agreement during the revolving period, (g) the replacement of the LIBOR benchmark provisions with SOFR benchmark provisions, including applicable credit spread adjustments, (h) the availability of a swingline subfacility of up to $100,000,000, (i) the deletion of the requirement that the Company make mandatory prepayment of interest and principal upon certain events at certain times when the Company’s adjusted asset coverage ratio is less than 185%, and (j) a reset of the minimum shareholders’ equity that must be maintained, measured as of each fiscal quarter end.


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All news about FS KKR CAPITAL CORP.
06/22FS KKR CAPITAL CORP : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
05/18FS KKR CAPITAL CORP : Entry into a Material Definitive Agreement, Creation of a Direct Fin..
AQ
05/18FS KKR Capital Corp. Enters into Amendment No. 2 to Second Amended and Restated Senior ..
CI
05/16FS KKR CAPITAL CORP : Regulation FD Disclosure (form 8-K)
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05/10TRANSCRIPT : FS KKR Capital Corp., Q1 2022 Earnings Call, May 10, 2022
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05/10FS KKR CAPITAL CORP : Regulation FD Disclosure (form 8-K)
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05/09FS KKR CAPITAL : Q1 Earnings Snapshot
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05/09FS KKR CAPITAL CORP : Results of Operations and Financial Condition, Regulation FD Disclos..
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05/09FS KKR CAPITAL CORP Management's Discussion and Analysis of Financial Condition and Re..
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Financials (USD)
Sales 2022 1 525 M - -
Net income 2022 788 M - -
Net Debt 2022 9 407 M - -
P/E ratio 2022 7,03x
Yield 2022 12,9%
Capitalization 5 624 M 5 624 M -
EV / Sales 2022 9,86x
EV / Sales 2023 9,65x
Nbr of Employees -
Free-Float 99,8%
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 19,80 $
Average target price 23,06 $
Spread / Average Target 16,5%
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Managers and Directors
Michael Craig Forman Chairman & Chief Executive Officer
Daniel Pietrzak Co-President & Chief Investment Officer
Brian Gerson Co-President
Enrico Salvatore Gaglioti Co-President
Steven C. Lilly Chief Financial Officer