Welcome to our dedicated page for FS KKR Capital news (Ticker: FSK), a resource for investors and traders seeking the latest updates and insights on FS KKR Capital stock.
FS KKR Capital Corp. (NYSE: FSK) is a prominent business development company (BDC) in the United States, specializing in providing customized credit solutions to private middle market U.S. companies. The company primarily invests in senior secured loans and second lien secured loans, with a focus on companies boasting an annual EBITDA of at least $50 million at the time of investment.
Core Business
FSK's core business revolves around offering financial solutions to private upper middle-market companies through senior secured debt and, to a lesser extent, subordinated debt and asset-based financing loans. This approach helps bridge the gap for companies needing tailored financial support to fuel their growth and operational needs.
Recent Achievements
- FSK announced plans to release its third quarter 2023 results on November 6, 2023, followed by a conference call on November 7, 2023, to discuss the results.
- On November 6, 2023, FSK declared a fourth quarter 2023 distribution of $0.70 per share, complemented by a special distribution, totaling $0.75 per share.
- FSK completed a $400 million offering of 7.875% unsecured notes due 2029 on November 21, 2023.
- For the first quarter of 2024, FSK declared a distribution of $0.70 per share, along with a special distribution, bringing it to $0.75 per share.
- In June 2024, FSK completed a $600 million offering of 6.875% unsecured notes due 2029.
Financial Condition and Partnerships
FSK is advised by FS/KKR Advisor, LLC, a partnership between FS Investments and KKR Credit. FS Investments manages over $79 billion in assets across a range of clients, including institutional investors, financial professionals, and individual investors. KKR Credit is a subsidiary of KKR & Co. Inc., a global investment firm managing diverse alternative asset classes.
Current Projects
FSK continually engages in financial activities to support its growth and investor returns. Upcoming projects include releasing their fourth quarter and full year 2023 results on February 26, 2024, along with a conference call to discuss these results on February 27, 2024. Additionally, FSK has scheduled the release of their first quarter 2024 results on May 8, 2024, with a conference call on May 9, 2024.
Products
FSK offers various credit products, including senior secured loans, second lien secured loans, subordinated loans, and asset-based financing loans. These products are tailored to meet the financial needs of private middle-market companies, facilitating their growth and operational efficiency.
Significance
FSK plays a crucial role in the U.S. financial ecosystem by providing essential credit solutions to private middle-market companies, thereby supporting their growth and operational requirements. With its solid financial foundation and strategic partnerships, FSK is well-positioned to continue delivering significant value to its stockholders.
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