FS KKR to redeem all of its 5% notes due 2022

By Rebecca Melvin

Concord, N.H., Oct. 13 – FS KKR Capital Corp. issued a notice of redemption for all of its 5% senior notes due 2022, according to a company news release on Wednesday.

The notes will be redeemed at par plus accrued interest through but excluding the Nov. 11 redemption date.

FS KKR is using proceeds of new notes to fund the redemption. The company said it priced two tranches of new notes, including $500 million of 1.65% notes due 2024 and $750 million of 3.125% notes due 2028.

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

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