FSK | FS KKR Capital Corp.
FS/KKR Advisor, LLC manages FS KKR Capital Corp. (NYSE: FSK), publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. We seek to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S. companies to achieve the best risk-adjusted returns for our investors.
Q3 2024 Earnings results
Press release
Presentation
Webcast
Filings
Portfolio
as of September 30, 2024, and based on fair value unless otherwise noted
217
Portfolio companies
20.0%
Top 10 concentration3
$13.9bn
Portfolio Fair Value
11.5%
Weighted average annual yield on accruing debt investments4
67.0%
Senior secured investments1
$121mm / 6.1x
Median portfolio company EBITDA & leverage2
1.7%
Non-accrual rate at FV
24
Industries
Investor relations
Key facts
Distribution frequency1
Quarterly
Inception date
9/18/2008
Listing date
4/16/2014
Merger date
6/16/2021
1 The timing and amount of any future distributions on FSK’s shares of common stock are subject to applicable legal restrictions and the sole discretion of its board of directors. There can be no assurance as to the amount or timing of any such future distributions.
View important footnotes + disclosures
Note: Does not look through to FSK’s portfolio companies held solely in COPJV.
- Looking through to the investments in COPJV, senior secured investments total 75.6% as of September 30, 2024.
- Based on underlying Direct Origination corporate investments using most recently reported financial information and may include pro forma adjustments. Certain Asset Based Finance, Equity/Other and portfolio companies with negative or de minimis EBITDA are excluded.
- Figure excludes the impact of FSK’s investment in COPJV.
- Excludes the impact of the Merger. See FSK’s Quarterly Report on Form 10-Q for additional information on the calculation of weighted average annual yield on accruing debt investments. On a GAAP basis, FSK’s weighted average annual yield on accruing debt investments was 11.9% as of September 30, 2024.