JPMorgan Chase-led Lenders Reduce Credit Line to Troubled KKR Private Credit Fund
A JPMorgan Chase-led group of banks reduced a credit facility for FS KKR Capital Corp. by $648 million, or 14%, as the fund reported significant losses and non-accrual loans rose. In response, KKR announced a $300 million support package to stabilize the troubled BDC.
Topics: BDCs (Business Development Companies) JPMorgan KKR private credit