Exhibit 99.1
FOR IMMEDIATE RELEASE
FSK Prices Public Offering of $400 Million 4.625% Notes Due 2024
PHILADELPHIA, PA, July 8, 2019 – FS KKR Capital Corp. (NYSE: FSK) announced that it has priced an underwritten public offering of $400 million in aggregate principal amount of its 4.625% unsecured notes due 2024 (the “Notes”). The Notes will mature on July 15, 2024 and may be redeemed in whole or in part at FSK’s option at any time at par plus a “make-whole” premium, provided that the Notes may be redeemed at par one month prior to their maturity. The offering is expected to close on July 15, 2019, subject to customary closing conditions.
J.P. Morgan Securities LLC, SunTrust Robinson Humphrey, Inc., BMO Capital Markets Corp., SMBC Nikko Securities America, Inc., ING Financial Markets LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC and KKR Capital Markets LLC are acting as bookrunners for this offering. BofA Securities, Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., Barclays Capital Inc., Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are acting as joint lead managers for this offering. ICBC Standard Bank Plc, SG Americas Securities, LLC, BNP Paribas Securities Corp., Keefe, Bruyette & Woods, Inc. and U.S. Bancorp Investments, Inc. are acting asco-managers for this offering.
FSK expects to use the net proceeds of this offering to repay outstanding indebtedness.
Other Information
Investors are advised to carefully consider the investment objectives, risks, charges and expenses of FSK before investing. The pricing term sheet dated July 8, 2019, the preliminary prospectus supplement dated July 8, 2019, and the accompanying prospectus dated May 3, 2019, each of which has been filed with the U.S. Securities and Exchange Commission (the “SEC”), contain this and other information about FSK and should be read carefully before investing.
The information in the pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell any securities of FSK and are not soliciting an offer to buy such securities in any state or jurisdiction where such offer and sale is not permitted.
FSK’s shelf registration statement is on file and was deemed immediately effective upon filing with the SEC. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents FSK has filed with the SEC for more complete information about FSK and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site atwww.sec.gov. Alternatively, FSK, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and accompanying prospectus if you request it from J.P. Morgan Securities LLC at212-834-4533; SunTrust Robinson Humphrey, Inc., STRHdocs@SunTrust.comor: (800) 685-4786; BMO Capital Markets Corp. at1-866-864-7760; or SMBC Nikko Securities America, Inc.,1-888-868-6856 orprospectus@smbcnikko-si.com.
About FS KKR Capital Corp.
FSK is a publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. FSK seeks to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market companies to achieve the best risk-adjusted returns for its investors. FSK is advised by FS/KKR Advisor, LLC.
