FS KKR Capital Corp. Form 8-K Summary
Business Context and Reporting Period
FS KKR Capital Corp. (NYSE: FSK), a Maryland corporation, filed this Current Report on Form 8-K on June 9, 2021. The filing reports the entry into a material definitive agreement regarding a new debt offering.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or existing debt levels. The primary financial metric disclosed is the issuance of new debt:
- New Debt Issuance: $400,000,000 aggregate principal amount.
- Instrument: 2.625% Notes due 2027.
- Underwriters: RBC Capital Markets, LLC, J.P. Morgan Securities LLC, and SMBC Nikko Securities America, Inc.
Material Changes
The material change reported is the execution of an Underwriting Agreement on June 9, 2021, to sell the $400 million Notes. This transaction was conducted pursuant to an effective shelf registration statement on Form N-2 (Registration No. 333-231221). The filing does not provide comparative financial data against prior periods.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the standard incorporation by reference of the Underwriting Agreement. The document notes that the description of the agreement is qualified in its entirety by the full text of the agreement filed as Exhibit 1.1.
Investor Verification Checklist
- Verify the final prospectus supplement dated June 9, 2021, for details on the use of proceeds.
- Review the full Underwriting Agreement (Exhibit 1.1) for covenants and redemption terms.
- Confirm the impact of the new $400 million debt on the company's total leverage ratio in subsequent quarterly reports.
- Check the effective shelf registration statement (No. 333-231221) for any outstanding commitments.