New Issue: FS KKR Capital prices $475 million of 4.25% notes due 2025

By Cristal Cody

Tupelo, Miss., Feb. 11 – FS KKR Capital Corp. (Baa3//BBB-) priced $475 million of 4.25% five-year notes on Tuesday in a Rule 144A and Regulation S private placement offering, according to a news release.

Proceeds will be used to repay outstanding debt under the company’s senior secured revolving credit facility.

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:	$475 million
Description:	Notes
Maturity:	Feb. 14, 2025
Coupon:	4.25%
Call features:	Make-whole call, par call one month prior to maturity
Trade date:	Feb. 11
Settlement date:	Feb. 14
Ratings:	Moody’s: Baa3
	Fitch: BBB-
Distribution:	Rule 144A and Regulation S private placement

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