FS KKR Capital Corp (FS Investment Corporation) - 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on March 12, 2012, reporting an event that occurred on March 8, 2012. The registrant, FS Investment Corporation (doing business as FS KKR Capital Corp), is a Maryland corporation. The filing addresses a material definitive agreement involving its wholly-owned financing subsidiary, Broad Street Funding LLC.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, or overall debt levels. The report focuses exclusively on a specific credit facility arrangement.
Material Changes
On March 8, 2012, Broad Street Funding LLC, Deutsche Bank AG, and other lenders entered into a letter agreement regarding the Amended and Restated Credit Agreement dated January 28, 2011. The agreement extended the maturity date of the Credit Facility from March 10, 2012, to March 24, 2012. No other material terms of the facility were changed by this specific letter agreement.
Outlook and Management Commentary
The extension was executed to provide additional time to complete documentation for a broader amendment to the Credit Facility. Management expects this future amendment to extend the maturity date of the facility for one additional year. The filing contains no specific guidance, risk factors, or discussion of unusual items beyond this refinancing activity.
Investor Verification Checklist
- Verify the execution of the full amendment to the Credit Facility expected to extend the maturity by one year.
- Confirm the final terms of the amended Credit Facility once documentation is completed.
- Monitor the status of the facility to ensure no default occurs prior to the new maturity date.