FS KKR Capital (FSK) Company Report

FSK reported Net Investment Income (NII) and Adjusted Net Investment Income (Adjusted NII) of $0.57 per share for the third quarter ended September 30, 2025.
The company's Net Asset Value (NAV) per share increased to $21.99 as of September 30, 2025, up from $21.93 as of June 30, 2025.
FSK paid a total distribution of $0.70 per share for Q3 2025 and declared the same for Q4 2025. However, for Q1 2026, the total distribution is expected to approximate $0.55 per share, consisting of a $0.45 per share base distribution and a variable supplemental distribution.
New investment fundings in Q3 2025 were approximately $1.1 billion, contributing to $109 million in net investment activity.
As of September 30, 2025, FSK's Net Debt-to-Equity ratio was 1.16x, and the company maintained $3.7 billion in liquidity.

Nov 6, 2025, 2:00 PM

Presentation

FSK Reports Q3 2025 Results and Announces 2026 Dividend Strategy

FSK

Earnings

Guidance Update

Dividends

FSK generated net investment income and adjusted net investment income of $0.57 per share for Q3 2025, with its net asset value increasing to $2,199 as of the end of the quarter. The board declared a Q4 2025 distribution totaling $0.70 per share, consisting of a $0.64 base and a $0.06 supplemental.
For 2026, FSK expects its total distribution to equate to an annualized yield of approximately 10% on its net asset value, with a quarterly base distribution anticipated to be approximately $0.45 per share. The company aims to pay 100% of its GAAP net investment income annually.
During Q3 2025, FSK originated approximately $1.1 billion of new investments, leading to a net portfolio increase of $109 million. As of quarter-end, non-accruals represented 5% of the portfolio on a cost basis and 2.9% on a fair value basis.

Nov 6, 2025, 2:00 PM

Transcript

FS KKR Capital Corp. Announces Third Quarter 2025 Results

FSK

Earnings

Dividends

Guidance Update

FS KKR Capital Corp. reported net investment income of $0.57 per share and adjusted net investment income of $0.57 per share for the quarter ended September 30, 2025.
The company's net asset value increased to $21.99 per share as of September 30, 2025, compared to $21.93 per share as of June 30, 2025.
FSK's board of directors declared a fourth quarter 2025 distribution of $0.70 per share, payable on or about December 17, 2025.
The net debt to equity ratio was 116% as of September 30, 2025, an improvement from 120% as of June 30, 2025.

Nov 5, 2025, 9:22 PM

8-K

FS KKR Capital Corp. Announces Third Quarter 2025 Results

FSK

Earnings

Dividends

FS KKR Capital Corp. (FSK) reported net investment income of $0.57 per share and adjusted net investment income of $0.57 per share for the quarter ended September 30, 2025.
The company's Net Asset Value (NAV) per share increased to $21.99 as of September 30, 2025, up from $21.93 per share as of June 30, 2025.
Earnings per share were $0.76 for the third quarter of 2025, compared to a loss of $(0.75) per share for the quarter ended June 30, 2025.
FSK's board of directors declared a fourth quarter 2025 distribution of $0.70 per share, consisting of a $0.64 base distribution and a $0.06 supplemental distribution, payable on or about December 17, 2025.
As of September 30, 2025, the total fair value of investments was $13.4 billion, with 63.2% invested in senior secured securities, and the net debt to equity ratio was 116%.

Nov 5, 2025, 9:15 PM

Press Release

FS KKR Capital Corp. Announces Q3 2025 Earnings Release and Q4 2025 Distribution

FSK

Earnings

Dividends

FS KKR Capital Corp. (FSK) plans to release its third quarter 2025 results after the close of trading on Wednesday, November 5, 2025.
A conference call to discuss these results will be held on Thursday, November 6, 2025, at 9:00 a.m. (Eastern Time).
The board of directors declared a fourth quarter 2025 distribution of $0.70 per share.
This distribution will be paid on or about December 17, 2025, to stockholders of record as of the close of business on December 3, 2025.

Oct 8, 2025, 9:29 PM

8-K

FS KKR Capital Corp. Completes Public Offering of $400 Million 6.125% Notes Due 2031

FSK

Debt Issuance

FS KKR Capital Corp. completed a public offering of $400,000,000 aggregate principal amount of its 6.125% Notes due 2031 on September 25, 2025.
The Notes bear an interest rate of 6.125% per year, payable semi-annually, and will mature on January 15, 2031.
The Company received approximately $390.9 million in net proceeds from the offering, which it intends to use for general corporate purposes, including potential repayment of outstanding indebtedness.

Sep 25, 2025, 8:40 PM

8-K

FSK Completes $400 Million Unsecured Notes Offering

FSK

Debt Issuance

FS KKR Capital Corp. (FSK) completed an offering of $400,000,000 in aggregate principal amount of its 6.125% unsecured notes due 2031 on September 25, 2025.
The net proceeds from this offering are intended for general corporate purposes, including potentially repaying outstanding indebtedness under credit facilities and certain notes.

Sep 25, 2025, 8:30 PM

Press Release

FSK Announces $400 Million Notes Offering

FSK

Debt Issuance

On September 18, 2025, FS KKR Capital Corp. (FSK) entered into an underwriting agreement for the issuance and sale of $400 million aggregate principal amount of 6.125% Notes due 2031.
The notes have a coupon (interest rate) of 6.125% and an issue price to the public of 98.971%.
The settlement date for the offering is September 25, 2025.

Sep 22, 2025, 8:41 PM

8-K

FSK Prices Public Offering of Unsecured Notes

FSK

Debt Issuance

FS KKR Capital Corp. (FSK) priced an underwritten public offering of $400,000,000 in aggregate principal amount of its 6.125% unsecured notes due 2031 on September 19, 2025.
The notes will mature on January 15, 2031, and the offering is expected to close on September 25, 2025.
FSK intends to use the net proceeds from this offering for general corporate purposes, which may include repaying outstanding indebtedness under credit facilities and certain notes.

Sep 19, 2025, 12:08 PM

8-K

FSK Prices Public Offering of Unsecured Notes

FSK

Debt Issuance

FS KKR Capital Corp. (FSK) has priced an underwritten public offering of $400,000,000 in aggregate principal amount of its 6.125% unsecured notes due 2031.
The notes will mature on January 15, 2031, and the offering is expected to close on September 25, 2025, subject to customary closing conditions.
FSK intends to use the net proceeds from this offering for general corporate purposes, including potentially repaying outstanding indebtedness under credit facilities and certain notes.

Sep 19, 2025, 12:00 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for FS KKR Capital.

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