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FS KKR offers 5.5-year notes talked at 200 bps area over Treasuries
By Devika Patel and Cristal Cody
Knoxville, Tenn., Jan. 10 – FS KKR Capital Corp. intends to sell fixed-rate notes due July 15, 2027 talked to yield in the Treasuries plus 200 basis points area, according to a market source.
The notes feature a make-whole call until one month prior to maturity and then a par call, according to additional details from a 424B2 filed with the Securities and Exchange Commission.
BofA Securities Inc., BMO Capital Markets Corp., KKR Capital Markets LLC, MUFG and SMBC Nikko Securities America 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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