FS KKR Capital closes USD 150 million unregistered convertible preferred stock sale to KKR affiliate

KKR & Co
FS KKR Capital Corp.

KKR & Co

KKR

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FS KKR Capital Corp.

FSK

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  • FS KKR Capital closed a $150 million private placement of cumulative convertible perpetual preferred stock bought by KKR Alternative Assets.
  • Proceeds earmarked for general corporate purposes, including funding common stock buybacks or debt repayment.
  • Preferred pays 5% cash dividends or 7% PIK, rising 1% annually from the 5.5-year anniversary.
  • Initial conversion price set at $18.83 per share, equal to net asset value per share as of March 31, 2026.
  • Unregistered sale relied on a Securities Act Section 4(a)(2) exemption.


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