FS Investment Corporation Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by FS Investment Corporation (also referenced as FS KKR Capital Corp in metadata) on March 30, 2012, with a report date of April 2, 2012. The filing addresses a specific corporate action regarding the company's public offering price.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data point disclosed is the adjustment of the public offering price per share.
Material Changes
- Offering Price Increase: The Company increased its public offering price from $10.70 per share to $10.75 per share.
- Effective Date: The increase was effective as of the April 2, 2012 semi-monthly closing.
- Applicability: The new price applies to subscriptions received between March 16, 2012, and April 1, 2012.
- Rationale: The adjustment was made to ensure the Company's net asset value per share did not exceed the offering price per share after deducting selling commissions and dealer manager fees, in compliance with the Investment Company Act of 1940.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the regulatory requirement necessitating the price adjustment. No unusual items were reported.
Investor Verification Checklist
- Verify the current net asset value (NAV) per share to confirm it remains below the new $10.75 offering price after fees.
- Confirm the specific subscription dates (March 16 to April 1, 2012) to which the $10.75 price applies.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the semi-monthly closing.