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FSK rates public offering of $ 500,000,000 1,650% Notes due 2024 and $ 750,000,000 3.125% Notes due 2028

PHILADELPHIA, October 4, 2021 / PRNewswire / – FS KKR Capital Corp. (NYSE: FSK) announced that a subscribed public offering by $ 500,000.000 total principal of its 1.650% Unsecured Notes due in 2024 (the “2024 Notes”) and $ 750,000,000 in the total notional amount of its 3.125% unsecured notes due in 2028 (the “2028 Bonds” and together with the 2024 bonds, the “Bonds”). The 2024 Notes are due on October 12, 2024 and the 2028 Notes are due on October 12, 2028. FSK may choose to redeem the bonds in whole or in part at their nominal value plus a “make-whole” premium at any time, provided that the 2028 bonds can be redeemed at nominal value two months prior to their maturity. The offer is expected to end on October 12, 2021, subject to customary closing conditions.

(PRNewsfoto / FS / KKR Consultants, LLC)

BofA Securities, Inc., BMO Capital Markets Corp., KKR Capital Markets LLC, MUFG Securities Americas Inc., Truist Securities, Inc., ING Financial Markets LLC, JP Morgan Securities LLC, SMBC Nikko Securities America, Inc., HSBC Securities (United States of America) Inc. and Mizuho Securities United States of America LLC are acting as joint book-running managers for this offering. RBC Capital Markets, LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Santander Investment Securities Inc. and SG Americas Securities, LLC are act as Joint Lead Manager for this offering. Barclays Capital Inc., Credit Suisse Securities (United States of America) LLC, Compass Point Research & Trading, LLC, ICBC Standard Bank Plc, R. Seelaus & Co., LLC, Keefe, Bruyette & Woods, Inc. and US Bancorp Investments, Inc. are acting as co-managers for this offering.

FSK expects to use the net proceeds from this offering for general corporate purposes, including the repayment of outstanding debt under its funding agreements.

Other information

Investors are advised to carefully consider FSK’s investment objectives, risks, fees and expenses prior to investing. The pricing sheet dated October 4, 2021, the preliminary prospectus supplement dated October 4, 2021, and the enclosed prospectus from October 4, 2021each filed with the US Securities and Exchange Commission (the “SEC”) contains this and other information about FSK and should be read carefully before investing.

The story goes on

The information in the term sheet pricing, the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and is subject to change. The Pricing Termsheet, Provisional Supplement, Accompanying Prospectus and this press release do not constitute an offer to sell any FSK securities and do not constitute a solicitation of an offer to buy any such securities in any state or jurisdiction in which such offer and sale are made is not allowed.

FSK’s shelf registration statement is on file and was deemed effective immediately upon filing with the SEC. Before investing, you should read the prospectus in this registration statement, the preliminary supplement and other documents that FSK has filed with the SEC for more complete information about the FSK and this offering. You can obtain these documents free of charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, FSK, any lead agent or dealer participating in the Offering will arrange for the Supplement and the accompanying Prospectus to be sent to you upon request from BofA Securities, Inc., 200 North College Street, NC1-004-03-43 . Charlotte, NC 28255-0001, e.g. Hd .: Prospectus Department, Tel: (800) 294-1322; Email: dg.p[email protected]; BMO Capital Markets Corp., 151 West 42nd Street, New York, NY 10036, Attn: Debt Capital Markets Syndicate, Tel: 1-866-864-7760; KKR Capital Markets LLC, 30 Hudson Yards, New York, NY 10001: Tel: 212-230-9433; MUFG Securities Americas Inc., 1221 Avenue of the Americas, 6th floor, New York, NY 10020, Tel: 877-649-6848; Truist Securities, Inc., 303 Peachtree Street, Atlanta, GA 30326, e.g. Hd .: Prospectus Department, Tel .: 800-685-4786, E-Mail: [email protected]

About FS KKR Capital Corp.

FS KKR Capital Corp. (NYSE: FSK) is a leading publicly traded business development company (BDC) focused on delivering bespoke credit solutions to US private midsize companies. FSK intends to invest primarily in senior secured debt and to a lesser extent in subordinated debt of private medium-sized companies. FSK is advised by FS / KKR Advisor, LLC.

About FS / KKR Advisor, LLC

FS / KKR Advisor, LLC (FS / KKR) is a partnership between FS Investments and KKR Credit to serve as the investment advisor to FSK.

FS Investments is a leading asset manager helping individuals, financial professionals and institutions create better portfolios. The company provides access to alternative sources of income and growth and focuses on setting industry standards for investor protection, education and transparency. FS Investments is headquartered in Philadelphia, PA with offices in New York, NY, Orlando, Florida and Leawood, KS.

KKR Credit is a subsidiary of KKR & Co. Inc., a leading global investment firm that manages several alternative asset classes, including private equity, credit and real assets, with strategic manager partnerships that manage hedge funds. KKR strives to generate attractive investment returns for its fund investors by adopting a patient and disciplined investment approach, employing world class people, and driving growth and value creation with KKR portfolio companies. In addition to the capital managed for fund investors, KKR also invests its own capital and offers financing solutions and investment opportunities through the capital market business. References to KKR’s investments may include the activities of its sponsored funds.

Forward-Looking Statements and Important Disclosures

This release may contain certain forward-looking statements, including statements regarding future events or the future performance or operations of FSK. Words such as “believes,” “expects,” “projected,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include economic changes, risks associated with possible disruptions to the business of FSK or the economy in general due to terrorism, natural disasters or pandemics such as COVID-19, future changes in Laws or regulations and conditions in FSK’s territory and the price at which FSK’s common stock is traded on the New York Stock Exchange. Some of these factors are listed in the FSK’s filings with the SEC. FSK assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason.

Contact information:

Investor Relations contact
Robert Paun
[email protected]

Media contact
Melanie Hemmert
[email protected]



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SOURCE FS KKR Capital Corp.

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