By Cristal Cody
Tupelo, Miss., Dec. 10 – FS KKR Capital Corp. (Baa3//BBB-) priced a $45 million add-on to its 4.125% notes due Feb. 1, 2025 on Tuesday at a spread of Treasuries plus 249 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at 99.753 to yield 4.176%.
J.P. Morgan Securities LLC was the underwriter.
FS KKR originally sold $425 million of the notes on Nov. 13 at 99.153 to yield 4.306%, or Treasuries plus 262.5 bps. The total outstanding is now $470 million.
Proceeds will be used to repay outstanding debt under the company’s financing arrangements.
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.
|
| Amount: | $45 million reopening
|
| Description: | Notes
|
| Maturity: | Feb. 1, 2025
|
| Bookrunner: | J.P. Morgan Securities LLC
|
| Coupon: | 4.125%
|
| Price: | 99.753
|
| Yield: | 4.176%
|
| Spread: | Treasuries plus 249 bps
|
| Call features: | Make-whole call at Treasuries plus 40 bps until Jan. 1, 2025, thereafter at par
|
| Trade date: | Dec. 10
|
| Settlement date: | Dec. 17
|
| Distribution: | SEC registered
|
| Total outstanding: | $470 million, including $425 million of notes priced Nov. 13 at 99.153 to yield 4.306%, or Treasuries plus 262.5 bps
|
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