FS KKR Capital Corp. Completes $150 Million Convertible Preferred Stock Offering
FS KKR Capital Corp. has completed its issuance of $150 million in cumulative convertible perpetual preferred stock to a subsidiary of KKR, with proceeds intended for corporate purposes including common stock repurchases or debt repayment. The offering includes dividend rates starting at either 5% cash or 7% PIK and features conversion rights based on the company's net asset value.
Tickers: $FSK
Topics: capital raising convertible securities preferred stock issuance