FS KKR Capital Corp (FSK)

FSK Completes Public Offering of $900,000,000 7.500% Unsecured Notes Due 2031June 8, 2026 4:20 PM
PR Newswire (US) PHILADELPHIA and NEW YORK, June 8, 2026 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) today announced that it has completed its previously announced offering of $900,000,000 in aggregate principal amount of its 7.500% unsecured notes due 2031 (the "Notes"). BofA Securities, Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC, KKR Capital Markets LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc. are acting as joint book-running managers for this offering. HSBC Securities (USA) Inc., ING Financial Markets LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., TD Securities (USA) LLC, Truist Securities, Inc., Barclays Capital Inc., BNP Paribas Securities Corp., CIBC World Markets Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, SG Americas Securities, LLC, UBS Securities LLC and Standard Chartered Bank are acting as joint lead managers for this offering. ICBC Standard Bank Plc, Keefe, Bruyette & Woods, Inc., Lucid Capital Markets, LLC, R. Seelaus & Co., LLC and U.S. Bancorp Investments, Inc. are acting as co-managers for this offering. FSK intends to use the net proceeds of this offering for general corporate purposes, including potentially repaying outstanding indebtedness under credit facilities and certain notes.This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.About FS KKR Capital Corp. FSK is a leading 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, subordinated loans and certain asset-based financing loans of private U.S. companies. FSK is advised by FS/KKR Advisor, LLC.About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between Future Standard and KKR Credit that serves as the investment adviser to FSK and other business development companies.Future Standard is a global alternative asset manager serving institutional and private wealth clients, investing across private equity, credit and real estate. With a 30+ year track record of value creation and over $94 billion in assets under management, we back the business owners and financial sponsors that drive growth and innovation across the middle market, transforming untapped potential into durable value.(1)KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. Forward-Looking Statements and Important Disclosure Notice This announcement may contain certain forward-looking statements, including statements with regard to future events or future performance or operations of FSK. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements include those words. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions, some of which are beyond FSK's control and difficult to predict. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, risks associated with possible disruption in FSK's operations or the economy generally due to terrorism, geo-political risks, natural disasters or pandemics, future changes in laws or regulations and conditions in FSK's operating area and the price at which shares of FSK's common stock trade on the New York Stock Exchange. Some of these factors are enumerated in the filings FSK makes with the SEC, including those factors set forth in "Item 1A. Risk Factors" in FSK's Annual Report on Form 10-K. Except as required by the federal securities laws, FSK undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.The press release above contains summaries of certain financial and statistical information about FSK. The information contained in this press release is summary information that is intended to be considered in the context of FSK's SEC filings and other public announcements that FSK may make, by press release or otherwise, from time to time. FSK undertakes no duty or obligation to update or revise the information contained in this press release. In addition, information related to past performance, while helpful as an evaluative tool, is not necessarily indicative of future results, the achievement of which cannot be assured. Investors should not view the past performance of FSK, or information about the market, as indicative of FSK's future results.1)Total AUM estimated as of March 31, 2026. References to "assets under management" or "AUM" represent the assets managed by Future Standard or its strategic partners as to which Future Standard is entitled to receive a fee or carried interest (either currently or upon deployment of capital) and general partner capital. Future Standard calculates the amount of AUM as of any date as the sum of: (i) the fair value of the investments of Future Standard's investment funds; (ii) uncalled investor capital commitments to these funds, including uncalled investor capital commitments from which Future Standard is currently not earning management fees or carried interest; (iii) the value of outstanding CLOs; (iv) the fair value of FS KKR Capital Corp. joint venture (JV) assets and (v) the fair value of other assets managed by Future Standard. Future Standard's calculation of AUM may differ from the calculations of other asset managers and, as a result, Future Standard's measurements of its AUM may not be comparable to similar measures presented by other asset managers. Future Standard's definition of AUM is not based on any definition of AUM that may be set forth in agreements governing the investment funds, vehicles or accounts that it manages and is not calculated pursuant to any regulatory definitions.Contact Information:Investor Relations Contact Caitlin Welch
Caitlin.Welch@futurestandard.comFuture Standard Media Team Marc Hazelton
Marc.Hazelton@futurestandard.com View original content to download multimedia:https://www.prnewswire.com/news-releases/fsk-completes-public-offering-of-900-000-000-7-500-unsecured-notes-due-2031--302794396.htmlSOURCE Future Standard Original: FSK Completes Public Offering of $900,000,000 7.500% Unsecured Notes Due 2031

FS KKR Capital Corp. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FSKJune 8, 2026 2:16 AM
PR Newswire (US) LOS ANGELES, June 8, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against FS KKR Capital Corp. ("FSK" or "the Company") (NYSE: FSK) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of FSK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 8, 2024 to February 25, 2026DEADLINE: July 3, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. FSK overvalued its portfolio and misled the market about its portfolio valuation process. The Company downplayed weakness in its quarterly dividend program. Based on these facts, FSK's public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com View original content:https://www.prnewswire.com/news-releases/fs-kkr-capital-corp-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--fsk-302793581.htmlSOURCE DJS Law Group LLP Original: FS KKR Capital Corp. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FSK

FS KKR Capital Corp. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FSKJune 5, 2026 3:43 AM
PR Newswire (US) LOS ANGELES, June 5, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against FS KKR Capital Corp. ("FSK" or "the Company") (NYSE: FSK) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Shareholders who purchased shares of FSK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 8, 2024 to February 25, 2026DEADLINE: July 3, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. FSK overvalued its portfolio and misled the market about its portfolio valuation process. The Company downplayed weakness in its quarterly dividend program. Based on these facts, FSK's public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com View original content to download multimedia:https://www.prnewswire.com/news-releases/fs-kkr-capital-corp-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--fsk-302792250.htmlSOURCE The Schall Law Firm Original: FS KKR Capital Corp. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FSK

FSK Shareholder Alert: FS KKR CAPITAL CORP. Securities Class Action Lawsuit - Investors Should Contact SueWallStJune 4, 2026 5:33 PM
PR Newswire (US) FSK Investors Were Told Non-Accrual Problems Were Being Fixed While Credit Deterioration Quietly Accelerated to Above-Industry Levels, Ultimately Costing ShareholdersNEW YORK, June 4, 2026 /PRNewswire/ -- SueWallSt notifies investors in FS KKR Capital Corp. (NYSE: FSK) that a class action has been filed on behalf of shareholders who purchased securities between May 8, 2024 and February 25, 2026. Find out if you qualify to recover losses. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt. FSK shares fell $2.03 per share, or 15.24%, closing at $11.29 on February 26, 2026, after the Company slashed its quarterly dividend from $0.70 to $0.48 and revealed non-accrual rates had risen above the long-term BDC industry average. The lead plaintiff deadline is July 6, 2026.What Investors Were Not ToldFor five consecutive quarters through Q1 2025, management publicly stated that restructuring efforts were successfully reducing non-accrual investments. Each quarterly press release reinforced this narrative. Behind the scenes, the lawsuit contends, credit deterioration in legacy portfolio companies was worsening in ways that contradicted these public assurances.The securities action alleges the Company overstated both the effectiveness of its restructuring process and the accuracy of its portfolio valuations, while concealing that non-accrual trends were reversing course.The Red Flags That EmergedNon-accrual investments at amortized cost dropped from 8.9% in December 2023 to 3.5% by March 2025, giving the appearance of steady improvement, then spiked to 5.5% by December 2025The complaint alleges management continued to tout "portfolio stability" and "continued stability of distributions" even as fair value losses accumulated across multiple portfolio companiesProduction Resource Group, 48forty, Kellermeyer Bergensons Services, and Worldwise were identified as problem investments in August 2025, yet the Company maintained these were merely "company specific issues"By February 2026, the Company acknowledged additional troubled investments including Medallia and Cubic CorpThe Company's Chief Investment Officer admitted the non-accrual rate exceeded the long-term BDC industry average of approximately 3.8% at cost basisSubmit your information to recover losses or call (888) SueWallSt.Inside Knowledge vs. Public StatementsThe contrast between what management said publicly and what was allegedly occurring internally forms the core of the concealment allegations. As detailed in the action, each quarter's earnings release affirmed that disclosure controls and procedures were "effective" and that the board was responsibly overseeing portfolio valuations. The lawsuit maintains these certifications were misleading because known deterioration in legacy investments was not adequately reflected in reported valuations or communicated to shareholders.The complaint charges that total fair value of investments fell $474 million in Q2 2025 and another $406 million in Q4 2025, losses that plaintiffs contend were foreseeable given the underlying credit problems management allegedly knew about but failed to disclose."The timeline raises important questions about when certain risks were known internally versus when they were disclosed to the investing public. For five quarters, investors received assurances of improvement while the portfolio's credit profile was allegedly headed in the opposite direction." -- Joseph E. Levi, Esq.Act now to protect your rights or contact Joseph E. Levi, Esq. at (888) SueWallSt.ABOUT THE FIRM -- SueWallSt represents investors in securities class actions nationwide, with a track record of recovering hundreds of millions for shareholders harmed by alleged corporate concealment. Ranked among ISS Top 50 for seven consecutive years. Lead plaintiff applications must be submitted by July 6, 2026.Frequently Asked Questions About the FSK LawsuitQ: When did FS KKR Capital Corp. allegedly mislead investors? A: The class period runs from May 8, 2024 to February 25, 2026. During this time, management allegedly made materially misleading statements about the success of portfolio restructuring efforts, the accuracy of investment valuations, and the sustainability of shareholder distributions. The alleged fraud was revealed through corrective disclosures on August 6, 2025 and February 25, 2026, each causing significant stock declines.Q: What specific misstatements does the FSK lawsuit allege? A: The complaint alleges FS KKR Capital overstated the effectiveness of its non-accrual restructuring efforts, overstated portfolio investment valuations, and overstated the durability of its $0.70 quarterly distribution. When the true financial condition was revealed, shares dropped 15.24% in a single session.Q: What do FSK investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact SueWallSt for a free, no-obligation evaluation at jlevi@SueWallSt.com or (888) SueWallSt. No immediate action is required to remain eligible as a class member.Q: What if I already sold my FSK shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. You submit a claim form to receive your portion of recovery.Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.Q: What if I missed the lead plaintiff deadline? A: The deadline applies only to investors seeking lead plaintiff appointment. Class members who miss it can still participate in any settlement or recovery.CONTACT:
SueWallSt
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi @Icons1 View original content to download multimedia:https://www.prnewswire.com/news-releases/fsk-shareholder-alert-fs-kkr-capital-corp-securities-class-action-lawsuit---investors-should-contact-suewallst-302792042.htmlSOURCE SueWallSt.com Original: FSK Shareholder Alert: FS KKR CAPITAL CORP. Securities Class Action Lawsuit - Investors Should Contact SueWallSt

FS KKR Capital Corp. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FSKJune 3, 2026 2:58 AM
PR Newswire (US) LOS ANGELES, June 3, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against FS KKR Capital Corp. ("FSK" or "the Company") (NYSE: FSK) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of FSK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 8, 2024 to February 25, 2026DEADLINE: July 3, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. FSK overvalued its portfolio and misled the market about its portfolio valuation process. The Company downplayed weakness in its quarterly dividend program. Based on these facts, FSK's public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com View original content:https://www.prnewswire.com/news-releases/fs-kkr-capital-corp-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--fsk-302789498.htmlSOURCE DJS Law Group LLP Original: FS KKR Capital Corp. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FSK

FSK Prices Public Offering of $900,000,000 7.500% Unsecured Notes Due 2031June 2, 2026 6:30 AM
PR Newswire (US) PHILADELPHIA and NEW YORK, June 2, 2026 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) announced that it has priced an underwritten public offering of $900,000,000 in aggregate principal amount of its 7.500% unsecured notes due 2031 (the "Notes"). The Notes will mature on August 1, 2031 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 three months prior to their maturity. The offering is expected to close on June 8, 2026, subject to customary closing conditions. BofA Securities, Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC, KKR Capital Markets LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc. are acting as joint book-running managers for this offering. HSBC Securities (USA) Inc., ING Financial Markets LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., TD Securities (USA) LLC, Truist Securities, Inc., Barclays Capital Inc., BNP Paribas Securities Corp., CIBC World Markets Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, SG Americas Securities, LLC, UBS Securities LLC and Standard Chartered Bank are acting as joint lead managers for this offering. ICBC Standard Bank Plc, Keefe, Bruyette & Woods, Inc., Lucid Capital Markets, LLC, R. Seelaus & Co., LLC and U.S. Bancorp Investments, Inc. are acting as co-managers for this offering.FSK intends to use the net proceeds of this offering for general corporate purposes, including potentially repaying outstanding indebtedness under credit facilities and certain notes.Other Information Investors are advised to carefully consider the investment objectives, risks, charges and expenses of FSK before investing. The pricing term sheet dated June 1, 2026, the preliminary prospectus supplement dated June 1, 2026, and the accompanying prospectus dated September 19, 2024, 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 at www.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, by calling BofA Securities, Inc. at 1-800-294-1322; BMO Capital Markets Corp. at 1-866-864-7760; J.P. Morgan Securities LLC at 1-212-834-4533; KKR Capital Markets LLC at 1-212-230-9433; RBC Capital Markets, LLC at 1-877-822-4089; or SMBC Nikko Securities America, Inc. at 1-888-868-6856.About FS KKR Capital Corp. FSK is a leading 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, subordinated loans and certain asset-based financing loans of private U.S. companies. FSK is advised by FS/KKR Advisor, LLC.About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between Future Standard and KKR Credit that serves as the investment adviser to FSK and other business development companies.Future Standard is a global alternative asset manager serving institutional and private wealth clients, investing across private equity, credit and real estate. With a 30+ year track record of value creation and over $94 billion in assets under management, we back the business owners and financial sponsors that drive growth and innovation across the middle market, transforming untapped potential into durable value.(1)KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. Forward-Looking Statements and Important Disclosure Notice This announcement may contain certain forward-looking statements, including statements with regard to future events or future performance or operations of FSK. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements include those words. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions, some of which are beyond FSK's control and difficult to predict. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, risks associated with possible disruption in FSK's operations or the economy generally due to terrorism, geo-political risks, natural disasters or pandemics, future changes in laws or regulations and conditions in FSK's operating area and the price at which shares of FSK's common stock trade on the New York Stock Exchange. Some of these factors are enumerated in the filings FSK makes with the SEC, including those factors set forth in "Item 1A. Risk Factors" in FSK's Annual Report on Form 10-K. Except as required by the federal securities laws, FSK undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.The press release above contains summaries of certain financial and statistical information about FSK. The information contained in this press release is summary information that is intended to be considered in the context of FSK's SEC filings and other public announcements that FSK may make, by press release or otherwise, from time to time. FSK undertakes no duty or obligation to update or revise the information contained in this press release. In addition, information related to past performance, while helpful as an evaluative tool, is not necessarily indicative of future results, the achievement of which cannot be assured. Investors should not view the past performance of FSK, or information about the market, as indicative of FSK's future results.Total AUM estimated as of March 31, 2026. References to "assets under management" or "AUM" represent the assets managed by Future Standard or its strategic partners as to which Future Standard is entitled to receive a fee or carried interest (either currently or upon deployment of capital) and general partner capital. Future Standard calculates the amount of AUM as of any date as the sum of: (i) the fair value of the investments of Future Standard's investment funds; (ii) uncalled investor capital commitments to these funds, including uncalled investor capital commitments from which Future Standard is currently not earning management fees or carried interest; (iii) the value of outstanding CLOs; (iv) the fair value of FS KKR Capital Corp. joint venture (JV) assets and (v) the fair value of other assets managed by Future Standard. Future Standard's calculation of AUM may differ from the calculations of other asset managers and, as a result, Future Standard's measurements of its AUM may not be comparable to similar measures presented by other asset managers. Future Standard's definition of AUM is not based on any definition of AUM that may be set forth in agreements governing the investment funds, vehicles or accounts that it manages and is not calculated pursuant to any regulatory definitions.Contact Information:Investor Relations Contact Caitlin Welch
Caitlin.Welch@futurestandard.comFuture Standard Media Team Marc Hazelton
Marc.Hazelton@futurestandard.com View original content to download multimedia:https://www.prnewswire.com/news-releases/fsk-prices-public-offering-of-900-000-000-7-500-unsecured-notes-due-2031--302788039.htmlSOURCE Future Standard Original: FSK Prices Public Offering of $900,000,000 7.500% Unsecured Notes Due 2031

FS KKR Capital (FSK) Shares Drop After Q1 Earnings and Revenue Miss ExpectationsMay 11, 2026 10:05 AM
IH Market News FS KKR Capital Corp. (NYSE:FSK) shares fell more than 3% in premarket trading on Monday after the business development company reported first-quarter results that came in below analyst forecasts.The company posted adjusted net investment income of $0.41 per share, missing the consensus estimate of $0.44 per share. Revenue Declines and Net Asset Value Weakens Quarterly revenue totaled $304 million, falling short of analyst expectations of $316.78 million and declining 24% from $400 million recorded in the first quarter of 2025.FS KKR Capital’s net asset value dropped to $18.83 per share from $20.89 at the end of December 2025.The company said the decline was driven by underperforming investments from prior quarters, additional non-accrual assets and widening market credit spreads across parts of its portfolio.During the quarter, FSK recorded a combined realized and unrealized net loss of $2.00 per share. Company Announces Capital Support Measures In response to the weaker performance, the company unveiled several initiatives aimed at strengthening shareholder returns and supporting the balance sheet.A subsidiary of KKR agreed to invest $150 million in cumulative convertible perpetual preferred stock carrying a 5% annual cash dividend.KKR also plans to launch a $150 million tender offer for FSK common shares at $11.00 per share.In addition, the company’s board authorized a new $300 million share repurchase program.KKR further agreed to waive 50% of the total subordinated income incentive fee for four consecutive quarters beginning in the second quarter of 2026. Management Addresses Portfolio Challenges “Our first quarter decline in net asset value was driven by investments which have impacted prior quarters, certain new non-accrual assets, and the impact of market-driven spread widening in certain segments of our portfolio,” said Chief Executive Officer and Chairman Michael C. Forman and President and Chief Investment Officer Daniel R. Pietrzak. Quarterly Dividend Declared FS KKR Capital’s board declared a second-quarter 2026 distribution of $0.42 per share.The dividend is scheduled to be paid on July 2, 2026, to shareholders of record as of June 17, 2026.FS KKR Capital Corp stock price Original: FS KKR Capital (FSK) Shares Drop After Q1 Earnings and Revenue Miss Expectations

FS KKR Capital Corp. Announces First Quarter 2026 Results and Strategic Value Enhancement Actions; Declares Second Quarter 2026 Distribution of $0.42 per shareMay 11, 2026 6:51 AM
PR Newswire (US) PHILADELPHIA and NEW YORK, May 11, 2026 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK), or the Company, today announced its financial and operating results for the quarter ended March 31, 2026 and announced certain strategic value enhancement actions, as further outlined below.  Additionally, the Company announced that its board of directors has declared a second quarter 2026 distribution of $0.42 per share. Financial and Operating Highlights for the Quarter Ended March 31, 2026(1)Net investment income of $0.42 per share, compared to $0.48 per share for the quarter ended December 31, 2025Adjusted net investment income(2) of $0.41 per share, compared to $0.52 per share for the quarter ended December 31, 2025Net asset value of $18.83 per share, compared to $20.89 per share as of December 31, 2025Total net realized and unrealized loss of $2.00 per share, compared to a total net realized and unrealized loss of $0.89 per share for the quarter ended December 31, 2025Adjusted net realized and unrealized loss(2) of $1.99 per share, compared to adjusted net realized and unrealized loss of $0.88 per share for the quarter ended December 31, 2025Earnings (Loss) per share of ($1.57), compared to Earnings (Loss) per share of ($0.41) for the quarter ended December 31, 2025Total purchases of $499 million versus $710 million of sales and repaymentsNet debt to equity ratio(3) as of March 31, 2026 was 131%, compared to 122% as of December 31, 2025Paid distributions to stockholders totaling $0.48 per share(4)Strategic Value Enhancement Actions$150 million Cumulative Convertible Perpetual Preferred.  A subsidiary of KKR has agreed to invest $150 million in cumulative convertible perpetual preferred stock (the "Preferred Stock").  This investment will close as soon as practicable following the consummation of the tender offer (described below), subject to regulatory approval, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act").  The Preferred Stock contains a current dividend rate of 5.00% per annum in cash, or, at the Company's option, 7.00% per annum in PIK dividends.  The Preferred Stock will rank junior to all existing indebtedness of the Company and senior to the Company's common stock.  The Preferred Stock may be redeemed by the Company at any time in cash and, after three years, if the Company's common stock is trading equal to or above the conversion price, will be convertible by the Company into the Company's common stock at the conversion price then in effect. Initially, the conversion price is $18.83 (the Company's net asset value per share as of March 31, 2026) per share. The conversion price will be subject to customary adjustments, including certain anti-dilution protections.  At the option of the holders of the Preferred Stock, after six months, the Preferred Stock may be converted into the Company's common stock at the conversion price then in effect and, after six years, the Preferred Stock may be redeemable in cash.  The proceeds of the Preferred Stock are expected to be used for general corporate purposes, including funding any Company common stock repurchase program or debt repayment.$150 million Tender Offer.  As separately announced, a subsidiary of KKR intends to commence a fixed price tender offer for up to $150 million aggregate amount of shares of FSK's common stock (the "Tender").  The Tender was announced at a price of $11.00 per share.  The Tender will be available to all stockholders of FSK, is expected to commence on or around May 12, 2026 and is expected to remain open for 20 business days, subject to customary closing conditions and the expiration or termination of the applicable waiting period under the HSR Act.  KKR believes the intrinsic value of FSK's common stock is in excess of the Tender price of $11.00 per share.$300 million Share Repurchase Program.  The Company's board of directors has authorized a $300 million stock repurchase program, which will be implemented as soon as practicable following the expiration of the Tender.  The Company expects to repurchase shares of its common stock in the open market, by tender offer or in privately negotiated purchases in compliance with applicable law, while simultaneously being mindful of net repayment levels and the Company's total leverage level.  During the stock repurchase period, the Company's new investment originations may be reduced as the Company will focus on supporting existing portfolio companies, reducing leverage, and repurchasing stock. The board-authorized stock repurchase program is scheduled to expire on June 1, 2027, unless extended, or until the aggregate repurchase amount that has been approved by the FSK board of directors has been expended.50% Subordinated Income Incentive Fee Waiver.  Beginning with the second quarter of 2026, KKR has agreed to waive 100% of its portion of the subordinated income incentive fee (the "Incentive Fee Waiver").  The Incentive Fee Waiver applies to 50% of the total subordinated income incentive fee that would otherwise be paid by FSK.  The Incentive Fee Waiver will continue for four consecutive quarters, after which time the Company's board of directors will review the overall fee construct, consistent with its obligations under the Investment Company Act of 1940, as amended.  The Incentive Fee Waiver is expected to support the Company's level of net investment income and, accordingly, support the Company's quarterly distribution level. In a joint statement, Michael C. Forman, Chief Executive Officer and Chairman, and Daniel R. Pietrzak, President and Chief Investment Officer for FSK and Partner and Global Head of Private Credit at KKR, stated, "Our first quarter decline in net asset value was driven by investments which have impacted prior quarters, certain new non-accrual assets, and the impact of market-driven spread widening in certain segments of our portfolio. As we continue to address investments that have had an outsized impact on NAV, we are taking several strategic steps in an effort to improve the financial position of FSK and to enhance shareholder value. We believe FSK's current stock price underappreciates the long-term value associated with FSK's investment portfolio and the KKR Credit platform. The four strategic actions announced this morning underscore our confidence in FSK and align that level of confidence with shareholders."Subsequent EventsOn May 8, 2026, the Company entered into an amendment to its Senior Secured Revolving Credit Agreement, by and among the Company, as borrower, each of the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and ING Capital LLC, as collateral agent. The amendment provides for, among other things, (i) a reduction of the total commitments to approximately $4,051.7 million from $4,700.0 million, (ii) an increase to the applicable margin, with respect to extending lenders only, with the margin increasing to a range of 0.775% to 1.9% per annum from the existing range of 0.65% to 1.775%, depending on the type of loan and (iii) a reset of the minimum Shareholders' Equity (as defined in the agreement) floor to $3,750.0 million from approximately $5,048.6 million.Declaration of Distribution for Second Quarter 2026On May 6, 2026, FSK's board of directors declared a distribution for the second quarter of $0.42 per share, which will be paid on or about July 2, 2026 to stockholders of record as of the close of business on June 17, 2026.Portfolio Highlights as of March 31, 2026Total fair value of investments was $12.3 billion of which 63.7% was invested in senior secured securities.Weighted average annual yield on accruing debt investments(5) was 9.9%, compared to 10.1% as of December 31, 2025. Excluding the impact of merger accounting, weighted average annual yield on accruing debt investments was 9.7%, compared to 10.0% as of December 31, 2025.Weighted average annual yield on all debt investments(5) was 8.7%, compared to 9.3% as of December 31, 2025. Excluding the impact of merger accounting, weighted average annual yield on all debt investments was 8.6%, compared to 9.2% as of December 31, 2025.Exposure to the top ten largest portfolio companies by fair value was 20%, compared to 19% as of December 31, 2025.As of March 31, 2026, investments on non-accrual status represented 4.2% and 8.1% of the total investment portfolio at fair value and amortized cost, respectively, compared to 3.4% and 5.5% as of December 31, 2025. Portfolio DataAs of March 31, 2026As of December 31, 2025Total fair value of investments (in millions)$12,269$13,009Asset Class (based on fair value)

   Senior Secured Loans — First Lien59.6 %57.8 %   Senior Secured Loans — Second Lien3.8 %4.2 %   Other Senior Secured Debt0.3 %0.4 %   Subordinated Debt0.8 %1.0 %   Asset Based Finance13.5 %13.0 %   Credit Opportunities Partners JV, LLC13.9 %15.1 %   Equity/Other8.1 %8.5 %Interest Rate Type (based on fair value)

   % Variable Rate Debt Investments61.2 %60.9 %   % Fixed Rate Debt Investments7.9 %8.2 %   % Other Income Producing Investments20.3 %21.4 %   % Non-Income Producing Investments(7)6.4 %6.1 %   % of Investments on Non-Accrual(6)4.2 %3.4 %Leverage and Liquidity as of March 31, 2026Net debt to equity ratio(3) of 131%, based on $7.3 billion in total debt outstanding, $133 million of cash, cash equivalents, restricted cash(8) and foreign currency and $261 million of net receivable for investments sold and repaid and stockholders' equity of $5.3 billion. FSK's weighted average effective interest rate (including the effect of non-usage fees) was 5.27%.Cash, cash equivalents, restricted cash and foreign currency of $133 million and availability under the Company's financing arrangements of $2.6 billion, subject to borrowing base and other limitations.As of March 31, 2026, 51% of the Company's $7.3 billion of total debt outstanding was in unsecured debt and 49% in secured debt.This communication is neither an offer to purchase nor a solicitation of an offer to sell any shares of common stock of the Company or any other securities. On the commencement date of the Tender, KKR will file with the U.S. Securities and Exchange Commission ("SEC") a tender offer statement on Schedule TO. The tender offer will be made only pursuant to the offer to purchase, letter of transmittal and related tender offer documents filed as part of the Schedule TO with the SEC upon commencement of the tender offer. Investors and holders of Shares are strongly advised to read the tender offer statement (including an offer to purchase, letter of transmittal and related tender offer documents) and the related solicitation/recommendation statement on Schedule 14D-9 that will be filed by the Company with the SEC, because they will contain important information. These documents will be available at no charge on the SEC's website at www.sec.gov.Conference Call InformationFSK will host its first quarter 2026 results conference call via live webcast on Monday, May 11, 2026 at 9:00 a.m. (Eastern Time). All interested parties are welcome to participate and can access the live webcast from the For Investors section of FSK's website at www.fskkrcapitalcorp.com under Events & Presentations or through the following URL: https://edge.media-server.com/mmc/p/ysenbwyi.Research analysts who wish to participate in the conference call are requested to register a day in advance or at a minimum 15 minutes before the start of the call using the following URL: https://register-conf.media-server.com/register/BI86a0953ea3aa44758a814b6928917e4c. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN number that can be used to access the call.An investor presentation of financial information will be available by visiting the For Investors section of FSK's website at www.fskkrcapitalcorp.com, under Events & Presentations, before the market open on Monday, May 11, 2026.A replay of the call will be available beginning shortly after the end of the call by visiting the For Investors section of FSK's website, under Events & Presentations.About FS KKR Capital Corp.FSK is a leading 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, subordinated loans and certain asset-based financing loans of private U.S. companies. FSK is advised by FS/KKR Advisor, LLC. For more information, please visit www.fskkrcapitalcorp.com.About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between Future Standard and KKR Credit that serves as the investment adviser to FSK and other business development companies.Future Standard is a global alternative asset manager serving institutional and private wealth clients, investing across private equity, credit and real estate. With a 30+ year track record of value creation and over $93 billion in assets under management, we back the business owners and financial sponsors that drive growth and innovation across the middle market, transforming untapped potential into durable value(9).KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com.Forward-Looking Statements and Important Disclosure NoticeThis announcement and our quarterly earnings call contain certain forward-looking statements that are not historical facts, including, without limitation, statements with regard to future events or our future performance or financial condition,  and statements regarding share repurchase activity, distribution levels and frequency, expectations regarding settlement of the Preferred Stock offering and FSK's intended use of proceeds, expectations for net investment income levels in future quarters, and the financial position, business strategy and plans and objectives of management for FSK's future operations.  Words such as "anticipate," "believe," "expect," and "intend" indicate a forward-looking statement, although not all forward-looking statements include these words. These forward-looking statements are not guarantees of performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause our actual results to differ materially from those expressed or forecasted in the forward-looking statements for any reason, including those factors set forth in "Item 1A. Risk Factors" in our Annual Report on Form 10-K. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include, without limitation, changes in the economy, geo-political risks, risks associated with possible disruption in FSK's operations or the economy generally due to terrorism, natural disasters or pandemics, future changes in laws or regulations and conditions in FSK's operating area and the price at which shares of FSK's common stock trade on the New York Stock Exchange. Some of these factors are enumerated in the filings FSK makes with the SEC. In addition, the FSK board-authorized share repurchase program does not require FSK to repurchase any specific number of shares of the FSK common stock. There is no assurance that FSK or any of its affiliates will purchase shares of its common stock at any specific discount levels or in any specific amounts or that the market price of FSK's common stock, either absolutely or relative to net asset value, will increase as a result of any share repurchases, or that any repurchase plan will enhance stockholder value over the long term. These forward-looking statements are based on information available as of the date hereof and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. FSK has based the forward-looking statements included in this press release on information available to FSK on the date of this press release. Except as required by the federal securities laws, FSK undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on these forward-looking statements.The press release above contains summaries of certain financial and statistical information about FSK. The information contained in this press release is summary information that is intended to be considered in the context of FSK's SEC filings and other public announcements that FSK may make, by press release or otherwise, from time to time. FSK undertakes no duty or obligation to update or revise the information contained in this press release. In addition, information related to past performance, while helpful as an evaluative tool, is not necessarily indicative of future results, the achievement of which cannot be assured. Investors should not view the past performance of FSK, or information about the market, as indicative of FSK's future results.Other InformationThe information in this press release is summary information only and should be read in conjunction with FSK's quarterly report on Form 10-Q for the quarter ended March 31, 2026, which FSK filed with the SEC on May 11, 2026, as well as FSK's other reports filed with the SEC. A copy of FSK's quarterly report on Form 10-Q for the quarter ended March 31, 2026 and FSK's other reports filed with the SEC can be found on FSK's website at www.fskkrcapitalcorp.com and the SEC's website at www.sec.gov. Certain Information About DistributionsThe determination of the tax attributes of FSK's distributions is made annually as of the end of its fiscal year based upon its taxable income and distributions paid, in each case, for the full year. Therefore, a determination as to the tax attributes of the distributions made on a quarterly basis may not be representative of the actual tax attributes for a full year. FSK intends to update stockholders quarterly with an estimated percentage of its distributions that resulted from taxable ordinary income. The actual tax characteristics of distributions to stockholders will be reported to stockholders annually on Form 1099-DIV.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.FSK may fund its distributions to stockholders from any sources of funds legally available to it, including net investment income from operations, capital gains proceeds from the sale of assets, non-capital gains proceeds from the sale of assets, dividends or other distributions paid to it on account of preferred and common equity investments in portfolio companies, proceeds from the sale of shares of FSK's common stock and borrowings. FSK has not established limits on the amount of funds it may use from available sources to make distributions. There can be no assurance that FSK will be able to pay distributions at a specific rate or at all.Unaudited Consolidated Statements of Operations(dollar amounts in millions, except per share amounts, unless otherwise noted)


Three Months Ended

March 31,

2026
2025Investment income



From non-controlled/unaffiliated investments:



Interest income
$         177
$         217Paid-in-kind interest income
6
16Fee income
2
14Dividend and other income
9
12From non-controlled/affiliated investments:



Interest income
1
8Paid-in-kind interest income
12
18Fee income
—
3Dividend and other income
2
9From controlled/affiliated investments:



Interest income
8
15Paid-in-kind interest income
20
28Fee income
—
—Dividend and other income
67
60     Total investment income
304
400




Operating expenses



Management fees
48
52Subordinated income incentive fees
25
39Administrative services expenses
2
3Accounting and administrative fees
1
1Interest expense
105
113Other general and administrative expenses
6
5     Total operating expenses
187
213Net investment income
117
187




Realized and unrealized gain/loss



Net realized gain (loss) on investments:



Non-controlled/unaffiliated investments
(41)
(40)Non-controlled/affiliated investments
(98)
9Controlled/affiliated investments
(56)
13Net realized gain (loss) on foreign currency forward contracts
(4)
0Net realized gain (loss) on foreign currency
(5)
1Net change in unrealized appreciation (depreciation) on investments:



Non-controlled/unaffiliated investments
(239)
58Non-controlled/affiliated investments
10
(20)Controlled/affiliated investments
(148)
(52)Net change in unrealized appreciation (depreciation) on foreign currency forward contracts
9
(10)Net change in unrealized gain (loss) on foreign currency
14
(26)Total net realized and unrealized gain (loss)
(558)
(67)Net increase (decrease) in net assets resulting from operations
$        (441)
$         120




Per share information—basic and diluted



  Net increase (decrease) in net assets resulting from operations (Earnings (Losses) per Share)
$       (1.57)
$        0.43Weighted average shares outstanding
280,066,433
280,066,433 Consolidated Balance Sheets(dollar amounts in millions, except per share amounts, unless otherwise noted)


March 31, 2026
December 31, 2025

(Unaudited)
Assets



Investments, at fair value



Non-controlled/unaffiliated investments (amortized cost—$8,238 and $8,406, respectively)
$                7,757
$                    8,164Non-controlled/affiliated investments (amortized cost—$739 and $929, respectively)
674
855Controlled/affiliated investments (amortized cost—$4,401 and $4,406, respectively)
3,838
3,990Total investments, at fair value (amortized cost—$13,378 and $13,741, respectively)
12,269
13,009Cash and cash equivalents
124
181Restricted cash
4
—Foreign currency, at fair value (cost—$5 and $27, respectively)
5
27Receivable for investments sold and repaid
263
313Income receivable
98
98Unrealized appreciation on foreign currency forward contracts
2
—Deferred financing costs
30
32Prepaid expenses and other assets
30
69       Total assets
$              12,825
$                  13,729Liabilities



Payable for investments purchased
$                       2
$                           8Debt (net of deferred financing costs and discount of $42 and $45, respectively)
7,271
7,634Unrealized depreciation on foreign currency forward contracts
3
10Stockholder distributions payable
134
—Management fees payable
48
50Subordinated income incentive fees payable
25
28Administrative services expense payable
2
1Interest payable
56
77Other accrued expenses and liabilities
10
72       Total liabilities
7,551
7,880Commitments and contingencies



Stockholders' equity



Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding
—
—Common stock, $0.001 par value, 750,000,000 shares authorized, 280,066,433 and 280,066,433 shares issued and outstanding, respectively
0
0Capital in excess of par value
9,199
9,199Retained earnings (accumulated deficit)
(3,925)
(3,350)       Total stockholders' equity
5,274
5,849       Total liabilities and stockholders' equity
$              12,825
$                  13,729Net asset value per share of common stock at period end
$                18.83
$                    20.89Non-GAAP Financial MeasuresThis press release contains certain financial measures that have not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). FSK uses these non-GAAP financial measures internally in analyzing financial results and believes that the use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing results and trends and in comparing FSK's financial results with other BDCs.Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures, and should be read only in conjunction with FSK's consolidated financial statements prepared in accordance with GAAP. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures has been provided in this press release, and investors are encouraged to review the reconciliation.Reconciliation of Non-GAAP Financial Measures(1)
Three Months Ended


March 31, 2026
December 31, 2025GAAP net investment income per share$0.42
$0.48Accretion resulting from merger accounting($0.01)
($0.01)Excise tax$0.00
$0.05Adjusted net investment income per share(2)$0.41
$0.52GAAP Net realized and unrealized gain (loss) per share($2.00)
($0.89)Unrealized appreciation from merger accounting$0.01
$0.01Adjusted net realized and unrealized gain (loss)(2)($1.99)
($0.88)

1)Per share data was derived by using the weighted average shares of FSK's common stock outstanding during the applicable period. Per share numbers may not sum due to rounding.2)Adjusted net investment income is a non-GAAP financial measure. Adjusted net investment income is presented for all periods as GAAP net investment income excluding (i) the accrual for the capital gains incentive fee for realized and unrealized gains; (ii) excise taxes (iii) the impact of accretion resulting from merger accounting; and (iv) certain non-recurring operating expenses that are one-time in nature and are not representative of ongoing operating expenses incurred during FSK's normal course of business. FSK uses this non-GAAP financial measure internally in analyzing financial results and believes that the use of this non-GAAP financial measure is useful to investors as an additional tool to evaluate ongoing results and trends and in comparing its financial results with other business development companies. Adjusted net realized and unrealized gain is a non-GAAP financial measure. Adjusted net realized and unrealized gain is presented for all periods as GAAP realized and unrealized gains to exclude the impact of the merger accounting. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP. A reconciliation of GAAP net investment income to adjusted net investment income and GAAP net realized and unrealized gain to adjusted net realized and unrealized gain can be found above.3)Net debt to equity ratio is debt outstanding, net of cash and foreign currency and net payable/receivable for investments purchased/sold and repaid, divided by net assets.4)The per share data for distributions reflects the amount of distributions paid per share of our common stock to stockholders of record during each applicable period.5)See FSK's quarterly report on Form 10-Q for the quarter ended March 31, 2026 for important information, including information related to the calculation and definition of weighted average annual yield on accruing debt investments, weighted average annual yield on all debt investments, variable rate debt investments, fixed rate debt investments, other income producing investments and non-income producing investments.6)Interest income is recorded on an accrual basis. See FSK's quarterly report on Form 10-Q for the quarter ended March 31, 2026 for a description of FSK's revenue recognition policy.7)Does not include investments on non-accrual status.8)Restricted cash is the cash collateral required to be posted pursuant to the Company's derivative contracts.9)Total AUM estimated as of December 31, 2025. References to "assets under management" or "AUM" represent the assets managed by Future Standard or its strategic partners as to which Future Standard is entitled to receive a fee or carried interest (either currently or upon deployment of capital) and general partner capital. Future Standard calculates the amount of AUM as of any date as the sum of: (i) the fair value of the investments of Future Standard's investment funds; (ii) uncalled investor capital commitments to these funds, including uncalled investor capital commitments from which Future Standard is currently not earning management fees or carried interest; (iii) the value of outstanding CLOs (excluding CLOs wholly-owned by Future Standard); (iv) the fair value of FS KKR Capital Corp. joint venture (JV) assets and (v) the fair value of other assets managed by Future Standard. Future Standard's calculation of AUM may differ from the calculations of other asset managers and, as a result, Future Standard's measurements of its AUM may not be comparable to similar measures presented by other asset managers. Future Standard's definition of AUM is not based on any definition of AUM that may be set forth in agreements governing the investment funds, vehicles or accounts that it manages and is not calculated pursuant to any regulatory definitions.Contact Information:Investor Relations ContactCaitlin Welch
Caitlin.Welch@futurestandard.comFuture Standard Media TeamMarc Hazelton
Marc.Hazelton@futurestandard.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/fs-kkr-capital-corp-announces-first-quarter-2026-results-and-strategic-value-enhancement-actions-declares-second-quarter-2026-distribution-of-0-42-per-share-302768117.htmlSOURCE Future Standard Original: FS KKR Capital Corp. Announces First Quarter 2026 Results and Strategic Value Enhancement Actions; Declares Second Quarter 2026 Distribution of $0.42 per share

FSK Class Action Lawsuit Alert: FS KKR Capital has been Sued for Securities Fraud after 15% Stock Drop Resulting from Net Asset Revelation -- Investors Notified to Contact BFA LawMay 5, 2026 2:14 PM
Business Wire FS KKR Capital Corp. faces securities fraud allegations regarding its valuation of its portfolio investments and the effectiveness of its portfolio valuation process, causing a 15% single day stock drop; investors notified to act by July 6, 2026. Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against FS KKR Capital Corp. (NYSE:FSK) and certain of the company’s senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws. If you invested in FS KKR Capital, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/fs-kkr-capital-class-action-lawsuit. Key Details of the FS KKR Capital ($FSK) Class Action Lawsuit: Lead Plaintiff Deadline: July 6, 2026 Alleged Misconduct: Misrepresentations about FS KKR Capital’s valuation of its portfolio investments and the effectiveness of its portfolio valuation process Largest Alleged Stock Decline: February 26, 2026 – 15.24% Stock Drop Court: U.S. District Court for the Eastern District of Pennsylvania Action: Contact BFA Law to discuss your rights Investors have until July 6, 2026 to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in FS KKR Capital securities. The case is pending in the U.S. District Court for the Eastern District of Pennsylvania and is captioned Stuart v. FS KKR Capital Corp., et al., No. 26-cv-2969. Why is FS KKR Capital Being Sued for Securities Fraud? FS KKR Capital is a private credit firm that specializes in making private loans (also called “debt investments”) to companies. FS KKR Capital’s principal source of revenue is interest income earned on its debt investments, as well as other fees and dividends from the companies in which it invests. During the relevant period, FS KKR Capital claimed it was establishing an improved portfolio credit profile, and that any non-accrual issues with legacy investments were being adequately addressed through restructuring. As alleged, in truth, FS KKR Capital misrepresented the valuation of its portfolio investments and the effectiveness of its portfolio valuation process. Why did FS KKR Capital’s Stock Drop? On August 6, 2025, FS KKR Capital reported Q2 2025 earnings, revealing that its net asset value had declined to $21.93 per share, down $1.44 per share, or 6.2%, from the prior quarter, and the total fair value of investments fell $474 million. The company also reported earnings (loss) per share of negative $0.75, down $1.18 per share, or 274%, from the prior quarter. This news caused the price of FS KKR Capital stock to decline $1.66 per share, or 8.2%, from $20.24 on August 6, 2025, to $18.58 per share on August 7, 2025. Then, on February 25, 2026, FS KKR Capital reported Q4 and full year 2025 earnings, revealing net asset value had continued to decline to $20.89 per share, down $1.10 per share, or 5%, from the prior quarter, and the total fair value of investments fell another $406 million. The company reported earnings (loss) per share of negative $0.41, down $1.17 per share, or 154%, from the prior quarter. FS KKR Capital also “acknowledge[d] specific challenges” with additional companies in its portfolio and cut its dividend to $0.48 per share (previously $0.70). This news caused the price of FS KKR Capital stock to decline $2.03 per share, or 15.24%, from $13.32 per share on February 25, 2026, to $11.29 per share on February 26, 2026. Click here for more information: https://www.bfalaw.com/cases/fs-kkr-capital-class-action-lawsuit. What Can You Do? If you invested in FS KKR Capital, you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: https://www.bfalaw.com/cases/fs-kkr-capital-class-action-lawsuit Or contact:
Adam McCall
adam@bfalaw.com
212.789.3619 Why Bleichmar Fonti & Auld LLP? BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit https://www.bfalaw.com. https://www.bfalaw.com/cases/fs-kkr-capital-class-action-lawsuit Attorney advertising. Past results do not guarantee future outcomes. View source version on businesswire.com: https://www.businesswire.com/news/home/20260505666926/en/ Adam McCall
adam@bfalaw.com
212.789.3619 Original: FSK Class Action Lawsuit Alert: FS KKR Capital has been Sued for Securities Fraud after 15% Stock Drop Resulting from Net Asset Revelation -- Investors Notified to Contact BFA Law

FSK Reschedules Earnings Release and Conference Call for First Quarter 2026April 28, 2026 4:15 PM
PR Newswire (US)

PHILADELPHIA and NEW YORK, April 28, 2026 /PRNewswire/ -- Due to a scheduling conflict, FS KKR Capital Corp. (NYSE: FSK) announced today that it has rescheduled the release of its first quarter 2026 results and accompanying earnings call. FSK will now release its first quarter 2026 results before the opening of trading on the New York Stock Exchange on Monday, May 11, 2026.







FSK will host its first quarter 2026 results conference call via live webcast on Monday, May 11, 2026 at 9:00 a.m. (Eastern Time). All interested parties are welcome to participate and can access the live webcast from the For Investors section of FSK's website at www.fskkrcapitalcorp.com under Events & Presentations or through the following URL: https://edge.media-server.com/mmc/p/ysenbwyi.Research analysts who wish to participate in the conference call are requested to register a day in advance or at a minimum 15 minutes before the start of the call using the following URL: https://register-conf.media-server.com/register/BI86a0953ea3aa44758a814b6928917e4c. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN number that can be used to access the call.An investor presentation of financial information will be available by visiting the For Investors section of FSK's website, under Events & Presentations before the market open on Monday, May 11, 2026.A replay of the call will be available beginning shortly after the end of the call by visiting the For Investors section of FSK's website, under Events & Presentations.About FS KKR Capital Corp.FSK is a leading 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. FSK is advised by FS/KKR Advisor, LLC. For more information, please visit www.fskkrcapitalcorp.com.About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between Future Standard, formerly FS Investments, and KKR Credit that serves as the investment adviser to FSK and other business development companies.Future Standard is a global alternative asset manager serving institutional and private wealth clients, investing across private equity, credit and real estate. With a 30+ year track record of value creation and over $93 billion in assets under management, we back the business owners and financial sponsors that drive growth and innovation across the middle market, transforming untapped potential into durable value.KKR Credit is a subsidiary of KKR & Co. Inc., a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com.Contact Information:Investor Relations
Caitlin Welch
Caitlin.Welch@futurestandard.comFuture Standard Media Team
Marc Hazelton
Marc.Hazelton@futurestandard.com



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Original: FSK Reschedules Earnings Release and Conference Call for First Quarter 2026

FSK Announces Earnings Release and Conference Call Schedule for First Quarter 2026April 9, 2026 4:15 PM
PR Newswire (US)

PHILADELPHIA and NEW YORK, April 9, 2026 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) announced today plans to release its first quarter 2026 results after the close of trading on the New York Stock Exchange on Wednesday, May 6, 2026.







FSK will host its first quarter 2026 results conference call via live webcast on Thursday, May 7, 2026 at 9:00 a.m. (Eastern Time). All interested parties are welcome to participate and can access the live webcast from the For Investors section of FSK's website at www.fskkrcapitalcorp.com under Events & Presentations or through the following URL: https://edge.media-server.com/mmc/p/ysenbwyi.Research analysts who wish to participate in the conference call are requested to register a day in advance or at a minimum 15 minutes before the start of the call using the following URL: https://register-conf.media-server.com/register/BI86a0953ea3aa44758a814b6928917e4c. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN number that can be used to access the call.An investor presentation of financial information will be available by visiting the For Investors section of FSK's website, under Events & Presentations after the market close on Wednesday, May 6, 2026.A replay of the call will be available beginning shortly after the end of the call by visiting the For Investors section of FSK's website, under Events & Presentations.About FS KKR Capital Corp.FSK is a leading 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. FSK is advised by FS/KKR Advisor, LLC. For more information, please visit www.fskkrcapitalcorp.com.About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between Future Standard, formerly FS Investments, and KKR Credit that serves as the investment adviser to FSK and other business development companies.Future Standard is a global alternative asset manager serving institutional and private wealth clients, investing across private equity, credit and real estate. With a 30+ year track record of value creation and over $93 billion in assets under management, we back the business owners and financial sponsors that drive growth and innovation across the middle market, transforming untapped potential into durable value.KKR Credit is a subsidiary of KKR & Co. Inc., a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com.Contact Information:Investor Relations
Caitlin Welch
Caitlin.Welch@futurestandard.comFuture Standard Media Team
Marc Hazelton
Marc.Hazelton@futurestandard.com 



View original content to download multimedia:https://www.prnewswire.com/news-releases/fsk-announces-earnings-release-and-conference-call-schedule-for-first-quarter-2026-302738588.htmlSOURCE Future Standard

Original: FSK Announces Earnings Release and Conference Call Schedule for First Quarter 2026

FS KKR Capital Corp. Announces Fourth Quarter and Full Year 2025 Results; Declares First Quarter 2026 Distribution of $0.48 per ShareFebruary 25, 2026 4:15 PM
PR Newswire (US)

PHILADELPHIA and NEW YORK, Feb. 25, 2026 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK), or the Company, today announced its financial and operating results for the quarter and year ended December 31, 2025, and that its board of directors has declared a first quarter 2026 distribution of $0.48 per share.







Financial and Operating Highlights for the Quarter Ended December 31, 2025(1)Net investment income of $0.48 per share, compared to $0.57 per share for the quarter ended September 30, 2025Adjusted net investment income(2) of $0.52 per share, compared to $0.57 per share for the quarter ended September 30, 2025Net asset value of $20.89 per share, compared to $21.99 per share as of September 30, 2025 and $23.64 per share as of December 31, 2024Total net realized and unrealized loss of $0.89 per share, compared to a total net realized and unrealized gain of $0.19 per share for the quarter ended September 30, 2025Adjusted net realized and unrealized loss(2) of $0.88 per share, compared to adjusted net realized and unrealized gain of $0.21 per share for the quarter ended September 30, 2025Earnings (Loss) per Share of ($0.41), compared to Earnings (Loss) per Share of $0.76 for the quarter ended September 30, 2025Total purchases of $1,098 million versus $1,334 million of sales and repayments, including $528 million of sales to the Company's joint venture, Credit Opportunities Partners JV, LLCNet debt to equity ratio(3) as of December 31, 2025 was 122%, compared to 116% as of September 30, 2025Paid distributions to stockholders totaling $0.70 per share(4)Financial and Operating Highlights for the Year Ended December 31, 2025(1)Net investment income of $2.34 per share, compared to $2.90 per share for the year ended December 31, 2024Adjusted net investment income(2) of $2.34 per share, compared to $2.88 per share for the year ended December 31, 2024Total net realized and unrealized loss of $2.30 per share, compared to a total net realized and unrealized loss of $0.81 per share for the year ended December 31, 2024Adjusted net realized and unrealized loss(2) of $2.24 per share, compared to adjusted net realized and unrealized loss of $0.72 per share for the year ended December 31, 2024Paid cash distributions to stockholders totaling $2.80 per share(4)"As we conclude 2025 and begin looking forward to 2026, we acknowledge specific challenges associated with a few investments which impacted our results during the second and fourth quarters of the year," said Michael C. Forman, Chief Executive Officer and Chairman. "Looking ahead to 2026, our investment team will be working diligently to stabilize these investments while continuing to focus on high quality new originations, primarily in first lien senior secured structures, as we continue to diversify our investment portfolio."Declaration of Distribution for First Quarter 2026On February 19, 2026, FSK's board of directors declared a distribution for the first quarter of $0.48 per share, consisting of a base distribution of $0.45 per share and a supplemental distribution of $0.03 per share, which will be paid on or about April 2, 2026 to stockholders of record as of the close of business on March 18, 2026.Portfolio Highlights as of December 31, 2025Total fair value of investments was $13.0 billion of which 62.4% was invested in senior secured securities.Weighted average annual yield on accruing debt investments(5) was 10.1%, compared to 10.6% as of September 30, 2025. Excluding the impact of merger accounting, weighted average annual yield on accruing debt investments was 10.0%, compared to 10.5% as of September 30, 2025.Weighted average annual yield on all debt investments(5) was 9.3%, compared to 9.8% as of September 30, 2025. Excluding the impact of merger accounting, weighted average annual yield on all debt investments was 9.2%, compared to 9.7% as of September 30, 2025.Exposure to the top ten largest portfolio companies by fair value was 19%, compared to 20% as of September 30, 2025.As of December 31, 2025, investments on non-accrual status represented 3.4% and 5.5% of the total investment portfolio at fair value and amortized cost, respectively, compared to 2.9% and 5.0% as of September 30, 2025.Portfolio DataAs of December 31, 2025As of September 30, 2025Total fair value of investments (in millions)$13,009$13,415Asset Class (based on fair value)

   Senior Secured Loans — First Lien57.8 %58.0 %   Senior Secured Loans — Second Lien4.2 %4.8 %   Other Senior Secured Debt0.4 %0.4 %   Subordinated Debt1.0 %1.6 %   Asset Based Finance13.0 %14.4 %   Credit Opportunities Partners JV, LLC15.1 %13.3 %   Equity/Other8.5 %7.5 %Interest Rate Type (based on fair value)

   % Variable Rate Debt Investments60.9 %63.8 %   % Fixed Rate Debt Investments8.2 %8.8 %   % Other Income Producing Investments21.4 %18.3 %   % Non-Income Producing Investments(7)6.1 %6.2 %   % of Investments on Non-Accrual(6)3.4 %2.9 %Leverage and Liquidity as of December 31, 2025Net debt to equity ratio(3) of 122%, based on $7.6 billion in total debt outstanding, $208 million of cash, cash equivalents and foreign currency and $305 million of net receivable for investments sold and repaid and stockholders' equity of $5.8 billion. FSK's weighted average effective interest rate (including the effect of non-usage fees) was 5.08%.Cash, cash equivalents and foreign currency of $208 million and availability under the Company's financing arrangements of $3.3 billion, subject to borrowing base and other limitations.As of December 31, 2025, 62% of the Company's $7.6 billion of total debt outstanding was in unsecured debt and 38% in secured debt.Conference Call Information
FSK will host its fourth quarter and full year 2025 results conference call via live webcast on Thursday, February 26, 2026 at 9:00 a.m. (Eastern Time). All interested parties are welcome to participate and can access the live webcast from the For Investors section of FSK's website at www.fskkrcapitalcorp.com under Events & Presentations or through the following URL: https://edge.media-server.com/mmc/p/awh9opbk.Research analysts who wish to participate in the conference call are requested to register a day in advance or at a minimum 15 minutes before the start of the call using the following URL: https://register-conf.media-server.com/register/BI39e404f22c094c9aa787cd75ff19a5f6. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN number that can be used to access the call.An investor presentation of financial information will be available by visiting the For Investors section of FSK's website at www.fskkrcapitalcorp.com, under Events & Presentations, after the market close on Wednesday, February 25, 2026.A replay of the call will be available beginning shortly after the end of the call by visiting the For Investors section of FSK's website, under Events & Presentations.About FS KKR Capital Corp.FSK is a leading 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. FSK is advised by FS/KKR Advisor, LLC. For more information, please visit www.fskkrcapitalcorp.com. About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between Future Standard, formerly FS Investments, and KKR Credit that serves as the investment adviser to FSK and other business development companies.Future Standard is a leading asset manager dedicated to helping individuals, financial professionals and institutions design better portfolios. The firm provides access to alternative sources of income and growth, and focuses on setting industry standards for investor protection, education and transparency. Future Standard is headquartered in Philadelphia, Pennsylvania, with offices in the United States, Europe and Asia. The firm had approximately $86 billion in assets under management as of September 30, 2025(8).KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com. Forward-Looking Statements and Important Disclosure NoticeThis announcement may contain certain forward-looking statements, including statements with regard to future events or future performance or operations of FSK. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, risks associated with possible disruption in FSK's operations or the economy generally due to terrorism, geo-political risks, natural disasters or pandemics, future changes in laws or regulations and conditions in FSK's operating area and the price at which shares of FSK's common stock trade on the New York Stock Exchange. Some of these factors are enumerated in the filings FSK makes with the SEC. FSK undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.The press release above contains summaries of certain financial and statistical information about FSK. The information contained in this press release is summary information that is intended to be considered in the context of FSK's SEC filings and other public announcements that FSK may make, by press release or otherwise, from time to time. FSK undertakes no duty or obligation to update or revise the information contained in this press release. In addition, information related to past performance, while helpful as an evaluative tool, is not necessarily indicative of future results, the achievement of which cannot be assured. Investors should not view the past performance of FSK, or information about the market, as indicative of FSK's future results.Other InformationThe information in this press release is summary information only and should be read in conjunction with FSK's annual report on Form 10-K for the year ended December 31, 2025, which FSK filed with the U.S. Securities and Exchange Commission (the SEC) on February 25th, 2026, as well as FSK's other reports filed with the SEC. A copy of FSK's annual report on Form 10-K for the year ended December 31, 2025 and FSK's other reports filed with the SEC can be found on FSK's website at www.fskkrcapitalcorp.com and the SEC's website at www.sec.gov. Certain Information About DistributionsThe determination of the tax attributes of FSK's distributions is made annually as of the end of its fiscal year based upon its taxable income and distributions paid, in each case, for the full year. Therefore, a determination as to the tax attributes of the distributions made on a quarterly basis may not be representative of the actual tax attributes for a full year. FSK intends to update stockholders quarterly with an estimated percentage of its distributions that resulted from taxable ordinary income. The actual tax characteristics of distributions to stockholders will be reported to stockholders annually on Form 1099-DIV.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.FSK may fund its distributions to stockholders from any sources of funds legally available to it, including net investment income from operations, capital gains proceeds from the sale of assets, non-capital gains proceeds from the sale of assets, dividends or other distributions paid to it on account of preferred and common equity investments in portfolio companies, proceeds from the sale of shares of FSK's common stock and borrowings. FSK has not established limits on the amount of funds it may use from available sources to make distributions. There can be no assurance that FSK will be able to pay distributions at a specific rate or at all.Unaudited Consolidated Statements of Operations(in millions, except share and per share amounts)


Year Ended December 31,

2025
2024
2023Investment income





From non-controlled/unaffiliated investments:





Interest income
$                        844
$                     1,059
$                     1,183Paid-in-kind interest income
69
67
108Fee income
31
53
30Dividend and other income
35
26
14From non-controlled/affiliated investments:





Interest income
30
42
25Paid-in-kind interest income
66
50
39Fee income
4
1
1Dividend and other income
24
16
28From controlled/affiliated investments:





Interest income
43
71
87Paid-in-kind interest income
89
94
45Fee income
1
9
4Dividend and other income
283
233
266     Total investment income
1,519
1,721
1,830






Operating expenses





Management fees
206
216
226Subordinated income incentive fees
136
167
181Administrative services expenses
10
10
12Accounting and administrative fees
4
4
4Interest expense
464
465
467Other general and administrative expenses
23
23
26     Total operating expenses
843
885
916Net investment income before taxes
676
836
914Excise taxes
22
23
22Net investment income
654
813
892






Realized and unrealized gain/loss





Net realized gain (loss) on investments:





Non-controlled/unaffiliated investments
(263)
(448)
(147)Non-controlled/affiliated investments
(2)
(61)
(21)Controlled/affiliated investments
(74)
23
(175)Net realized gain (loss) on foreign currency forward contracts
(9)
19
8Net realized gain (loss) on foreign currency
(28)
(9)
12Net change in unrealized appreciation (depreciation) on investments:





Non-controlled/unaffiliated investments
14
255
30Non-controlled/affiliated investments
(86)
134
9Controlled/affiliated investments
(106)
(172)
127Net change in unrealized appreciation (depreciation) on foreign
     currency forward contracts
(12)
(7)
(15)Net change in unrealized gain (loss) on foreign currency
(58)
38
(21)Total net realized and unrealized gain (loss)
(624)
(228)
(193)Provision for taxes on realized and unrealized gains on investments
(12)
—
(3)Realized loss on extinguishment of debt
(7)
—
—Net increase (decrease) in net assets resulting from operations
$                          11
$                        585
$                        696






Per share information—basic and diluted





Net increase (decrease) in net assets resulting from operations
     (Earnings per Share)
$                       0.04
$                       2.09
$                       2.48Weighted average shares outstanding
280,066,433
280,066,433
280,276,768 Consolidated Balance Sheets(in millions, except share and per share amounts)


December 31,

2025
2024Assets



Investments, at fair value



Non-controlled/unaffiliated investments (amortized cost—$8,406 and $8,830, respectively)
$                 8,164
$                 8,573Non-controlled/affiliated investments (amortized cost—$929 and $1,128, respectively)
855
1,140Controlled/affiliated investments (amortized cost—$4,406 and $4,086, respectively)
3,990
3,777Total investments, at fair value (amortized cost—$13,741 and $14,044, respectively)
13,009
13,490Cash and cash equivalents
181
278Foreign currency, at fair value (cost—$27 and $17, respectively)
27
18Receivable for investments sold and repaid
313
186Income receivable
98
187Unrealized appreciation on foreign currency forward contracts
—
3Deferred financing costs
32
26Prepaid expenses and other assets
69
31       Total assets
$               13,729
$               14,219




Liabilities



Payable for investments purchased
$                        8
$                        2Debt (net of deferred financing costs and discount of $45 and $49, respectively)
7,634
7,351Unrealized depreciation on foreign currency forward contracts
10
1Stockholder distributions payable
—
—Management and investment adviser fees payable
50
53Subordinated income incentive fees payable
28
35Administrative services expense payable
1
3Interest payable
77
108Other accrued expenses and liabilities
72
44       Total liabilities
7,880
7,597Commitments and contingencies








Stockholders' equity



Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding
—
—Common stock, $0.001 par value, 750,000,000 shares authorized, 280,066,433 and 280,066,433 shares
     issued and outstanding, respectively
0
0Capital in excess of par value
9,199
9,284Retained earnings (accumulated deficit)
(3,350)
(2,662)       Total stockholders' equity
5,849
6,622       Total liabilities and stockholders' equity
$               13,729
$               14,219Net asset value per share of common stock at year end
$                 20.89
$                 23.64Non-GAAP Financial MeasuresThis press release contains certain financial measures that have not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). FSK uses these non-GAAP financial measures internally in analyzing financial results and believes that the use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing results and trends and in comparing FSK's financial results with other BDCs.Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures, and should be read only in conjunction with FSK's consolidated financial statements prepared in accordance with GAAP. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures has been provided in this press release, and investors are encouraged to review the reconciliation.Reconciliation of Non-GAAP Financial Measures(1)
Three Months Ended
December 31, 2025
September 30, 2025GAAP net investment income per share$0.48
$0.57Accretion resulting from merger accounting($0.01)
($0.01)Excise tax$0.05
$0.01Adjusted net investment income per share(2)$0.52
$0.57GAAP Net realized and unrealized gain (loss) per share($0.89)
$0.19Unrealized appreciation from merger accounting$0.01
$0.01Adjusted net realized and unrealized gain (loss)(2)($0.88)
$0.21




Year Ended
December 31, 2025
December 31, 2024GAAP net investment income per share$2.34
$2.90Accretion resulting from merger accounting($0.06)
($0.09)Excise taxes$0.06
$0.07Adjusted net investment income per share(2)$2.34
$2.88GAAP Net realized and unrealized gain (loss) per share($2.30)
($0.81)Unrealized appreciation from merger accounting$0.06
$0.09Adjusted net realized and unrealized gain(2)($2.24)
($0.72)

1)Per share data was derived by using the weighted average shares of FSK's common stock outstanding during the applicable period. Per share numbers may not sum due to rounding.2)Adjusted net investment income is a non-GAAP financial measure. Adjusted net investment income is presented for all periods as GAAP net investment income excluding (i) the accrual for the capital gains incentive fee for realized and unrealized gains; (ii) excise taxes (iii) the impact of accretion resulting from merger accounting; and (iv) certain non-recurring operating expenses that are one-time in nature and are not representative of ongoing operating expenses incurred during FSK's normal course of business. FSK uses this non-GAAP financial measure internally in analyzing financial results and believes that the use of this non-GAAP financial measure is useful to investors as an additional tool to evaluate ongoing results and trends and in comparing its financial results with other business development companies. Adjusted net realized and unrealized gain is a non-GAAP financial measure. Adjusted net realized and unrealized gain is presented for all periods as GAAP realized and unrealized gains to exclude the impact of the merger accounting. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP. A reconciliation of GAAP net investment income to adjusted net investment income and GAAP net realized and unrealized gain to adjusted net realized and unrealized gain can be found above.3)Net debt to equity ratio is debt outstanding, net of cash and foreign currency and net payable/receivable for investments purchased/sold and repaid, divided by net assets.4)The per share data for distributions reflects the amount of distributions paid per share of our common stock to stockholders of record during each applicable period.5)See FSK's annual report on Form 10-K for the year ended December 31, 2025 for important information, including information related to the calculation and definition of weighted average annual yield on accruing debt investments, weighted average annual yield on all debt investments, variable rate debt investments, fixed rate debt investments, other income producing investments and non-income producing investments.6)Interest income is recorded on an accrual basis. See FSK's annual report on Form 10-K for the year ended December 31, 2025 for a description of FSK's revenue recognition policy.7)Does not include investments on non-accrual status.8)Total AUM estimated as of September 30, 2025. References to "assets under management" or "AUM" represent the assets managed by Future Standard or its strategic partners as to which Future Standard is entitled to receive a fee or carried interest (either currently or upon deployment of capital) and general partner capital. Future Standard calculates the amount of AUM as of any date as the sum of: (i) the fair value of the investments of Future Standards' investment funds; (ii) uncalled investor capital commitments to these funds, including uncalled investor capital commitments from which Future Standard is currently not earning management fees or carried interest; (iii) the value of outstanding CLOs (excluding CLOs wholly-owned by Future Standard); (iv) the fair value of FS KKR Capital Corp. joint venture (JV) assets and (v) the fair value of other assets managed by Future Standard. Future Standards' calculation of AUM may differ from the calculations of other asset managers and, as a result, Future Standards' measurements of its AUM may not be comparable to similar measures presented by other asset managers. Future Standards' definition of AUM is not based on any definition of AUM that may be set forth in agreements governing the investment funds, vehicles or accounts that it manages and is not calculated pursuant to any regulatory definitions.Contact Information:Investor Relations ContactAnna Kleinhenn
Anna.Kleinhenn@futurestandard.comFuture Standard Media TeamMarc Hazelton
Marc.Hazelton@futurestandard.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/fs-kkr-capital-corp-announces-fourth-quarter-and-full-year-2025-results-declares-first-quarter-2026-distribution-of-0-48-per-share-302697540.htmlSOURCE Future Standard

Original: FS KKR Capital Corp. Announces Fourth Quarter and Full Year 2025 Results; Declares First Quarter 2026 Distribution of $0.48 per Share

Yes, ditto

not sure if anyone picked up this but FSK dividend yield on yahoo finance, google finance or bigcharts is incorrect since it only captures $0.64 per quarter but,

the company pays out $0.05 special dividend every quarter
the company also pays out $0.06 regular/supplemental dividend every quarter

shareholders are getting $0.75 per quarter in dividend =)
i don't complain - just keep buying more shares with the dividend

Go to like it!

$0.75 quarterly dividend with $24.93 NAV.
and the stock is trading at $19.12.

15.6% dividend yield AND 23% discount from NAV

probably the best stock in BDOs driving BDCX's dividend yield as well.

Right !!

No one knows how to make capital vanish faster than these people.
FSK/FSKR a shit show.