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.
FS KKR Capital Corp. (NYSE: FSK) reported its financial results for Q3 2022, ending September 30. The firm announced a fourth quarter distribution of $0.68 per share, consisting of a base distribution of $0.61 and a supplemental distribution of $0.07. Net investment income increased to $0.76 per share from $0.71 in Q2, while adjusted net investment income rose to $0.73 from $0.67. Net asset value decreased to $25.30 from $26.41. The total fair value of investments was $15.8 billion, with a net debt to equity ratio of 119%.
FS KKR Capital Corp. (NYSE: FSK) will release its third quarter 2022 results following the market close on November 7, 2022. A conference call is scheduled for 9:00 a.m. ET on November 8, 2022, inviting all interested parties to join. Participants must register beforehand to receive access details. An investor presentation will also be made available on their website after the results release. FSK specializes in providing tailored credit solutions to U.S. middle-market companies, focusing on senior secured and subordinated debt investments.
FSK KKR Capital Corp. (NYSE: FSK) reported its financial results for Q2 2022, showing a net investment income of $0.71 per share, down from $0.77 in Q1 2022. The net asset value decreased to $26.41 from $27.33 per share. FSK declared a third-quarter distribution of $0.67 per share, including a base distribution of $0.61. The total fair value of investments was $16.2 billion, with a weighted average yield on debt investments of 9.9% compared to 8.9% previously. The company’s debt to equity ratio stood at 115%, a slight increase from 112%.
FS KKR Capital Corp. (NYSE: FSK) will release its second quarter 2022 results on August 8, 2022, after market close. A conference call to discuss these results is scheduled for August 9, 2022, at 9:00 a.m. ET. Interested participants can register in advance to access the call. An investor presentation will be available on FSK's website post-results. As a business development company, FSK focuses on customized credit solutions primarily for private middle-market U.S. companies, investing chiefly in senior secured debt.
FS KKR Capital Corp. (NYSE: FSK) announced its Q1 2022 results, reporting a net investment income of $0.77 per share, up from $0.66 in Q4 2021. The board declared a cash distribution of $0.68 per share for Q2 2022, payable on July 5, 2022, to stockholders on record by June 15, 2022. As of March 31, 2022, the company's net asset value increased to $27.33 per share, while total investments rose to $16.6 billion. The net debt-to-equity ratio stood at 112%, highlighting a robust financial position.
FS KKR Capital Corp. (NYSE: FSK) will release its first quarter 2022 results on May 9, 2022, after the market closes. A conference call is scheduled for May 10, 2022, at 9:00 a.m. ET to discuss these results, accessible via phone and webcast. An investor presentation will be available on FSK's website post the earnings release. FSK focuses on providing customized credit solutions to private middle market U.S. companies, primarily investing in senior secured and subordinated debt.
FS KKR Capital Corp. (NYSE: FSK) announced that Daniel Pietrzak, Co-President and Chief Investment Officer, will participate in a BDC panel at the 2022 RBC Capital Markets Global Financial Institutions Conference on March 8, 2022, at 2:00 PM ET. A live audio webcast will be accessible through FSK's Investor Relations website under Events. FSK primarily invests in senior secured and subordinated debt of private middle market U.S. companies.
FS KKR Capital Corp. (FSK) reported its financial results for Q4 and full-year 2021, highlighting a net investment income of $0.66 per share and a net asset value of $27.17 per share. The company declared a cash distribution of $0.63 per share for Q1 2022, payable on April 4, 2022. FSK achieved a total net realized and unrealized gain of $4.40 per share for 2021, marking a significant improvement from a loss in 2020. The firm also increased its fair value of investments to $16.1 billion, with 71% in senior secured securities and an 8.6% rise in net asset value over the year.
FS KKR Capital Corp. (NYSE: FSK) plans to release its fourth quarter and full year 2021 results on February 28, 2022, after market close. A conference call to discuss these results will take place on March 1, 2022, at 9:00 a.m. ET. Interested participants can join by dialing (833) 818-6808 with conference ID 6349774. The call will also be accessible via webcast from FSK's website. An investor presentation will be available post-market close on February 28. FSK focuses on providing customized credit solutions to private middle market U.S. companies.
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