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Published on 10/4/2021 in the Prospect News Investment Grade Daily.

FS KKR plans to price fixed-rate notes in tranches due 2024, 2028

By Devika Patel

Knoxville, Tenn., Oct. 4 – FS KKR Capital Corp. intends to offer fixed-rate notes in two parts due 2024 and 2028, according to a 424B2 filed with the Securities and Exchange Commission.

The 2024 notes have a make-whole call. The 2028 notes feature a make-whole call and then a par call.

BofA Securities Inc., BMO Capital Markets Corp., KKR Capital Markets LLC, MUFG and Truist Securities Inc. are the bookrunners.

Proceeds will be used for general corporate purposes, including debt repayment.

The Philadelphia-based business development company invests mainly in senior secured and subordinated debt of private middle-market U.S. companies.


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