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FS KKR Capital (FSK) has shared an announcement.
FS KKR Capital Corp. has entered into an agreement to issue $600 million of 6.875% notes due in 2029, with interest payments twice a year. These notes are unsecured and rank senior to any future subordinated debt but junior to secured debts and obligations of the company’s subsidiaries. The company has the option to redeem the notes before maturity and intends to use the net proceeds from this offering for general corporate purposes, including debt repayment. The offering was successfully closed on June 6, 2024, with the company netting approximately $585.7 million after expenses.
For detailed information about FSK stock, go to TipRanks’ Stock Analysis page.
