Published on 11/13/2019 in the Prospect News Investment Grade Daily.
New Issue: FS KKR Capital prices $425 million 4.125% notes due 2025
By Wendy Van Sickle
Columbus, Ohio, Nov. 13 – FS KKR Capital Corp. (Baa3//BBB-) priced $425 million of 4.125% notes due 2025 on Wednesday, according to a news release.
J.P. Morgan Securities LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, SMBC Nikko Securities America, Inc., SunTrust Robinson Humphrey, Inc., BMO Capital Markets Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., ING Financial Markets LLC, KKR Capital Markets LLC and Mizuho Securities USA LLC were the bookrunners.
Proceeds will be used to repay outstanding debt under the company’s financing arrangements, including its 4.25% notes due 2020.
The Philadelphia-based business development company invests mainly in senior secured and subordinated debt of private middle-market U.S. companies.
| Issuer: | FS KKR Capital Corp.
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| Amount: | $425 million
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| Description: | Notes
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| Maturity: | Feb. 1, 2025
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| Bookrunners: | J.P. Morgan Securities LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, SMBC Nikko Securities America, Inc., SunTrust Robinson Humphrey, Inc., BMO Capital Markets Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., ING Financial Markets LLC, KKR Capital Markets LLC and Mizuho Securities USA LLC
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| Joint lead managers: | Barclays Capital Inc., BofA Securities, Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC
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| Co-managers: | ICBC Standard Bank Plc, SG Americas Securities, LLC, BNP Paribas Securities Corp., Keefe, Bruyette & Woods, Inc. and U.S. Bancorp Investments, Inc.
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| Coupon: | 4.125%
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| Call: | Make-whole call at any time; at par one month prior to maturity
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| Trade date: | Nov. 13
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| Settlement date: | Nov. 20
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| Distribution: | SEC registered
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