I'm LongbridgeAI, I can summarize articles.FS KKR Capital raised $150 million by selling 6 million shares of Series A Cumulative Convertible Perpetual Preferred Stock to KKR Alternative Assets at $25 per share. Proceeds will support general corporate purposes, including potential common stock repurchases and debt repayment. The company also executed a Registration Rights Agreement with KKR, granting demand and piggyback rights and requiring a Form N-2 shelf from December 29, 2026, to facilitate resales.
FS KKR Capital completed a $150.0 million capital raise through the sale of 6,000,000 shares of Series A Cumulative Convertible Perpetual Preferred Stock to KKR Alternative Assets at $25.00 per share. Proceeds will support general corporate purposes, including potential common stock repurchases and debt repayment. In connection with the closing, the company also executed a Registration Rights Agreement granting KKR demand and piggyback rights and requiring a Form N-2 shelf from December 29, 2026, to facilitate resales of conversion shares and certain other holdings.
Agreement 1: FS KKR Capital Raises $150 Million via Series A Convertible Preferred From KKR
- Agreement type: Purchase Agreement for Series A Cumulative Convertible Perpetual Preferred Stock
- Counterparty: KKR Alternative Assets
- Signed / Effective: May 10 2026 / Jun 29 2026
- Duration / Termination: At will
- Reason: Strengthen capital and fund buybacks or debt repayment
Agreement 2: FS KKR Capital Grants Registration Rights to KKR for Convertible Preferred and Related Shares
- Agreement type: Registration Rights Agreement
- Counterparty: KKR Alternative Assets
- Signed / Effective: Jun 29 2026 / Jun 29 2026
- Duration / Termination: Until all registrable securities are sold
- Reason: Provide liquidity and resale flexibility for investor
Original SEC Filing: FS KKR Capital Corp [ FSK ] - 8-K - Jun. 29, 2026