KKR Alternative Assets L.P. Announces Intention to Commence Cash Tender Offer for Up to $150,000,000 in Aggregate Amount of FS KKR Capital Corp. Common Stock and a $150,000,000 Convertible Preferred Equity Commitment to FS KKR Capital Corp.
KKR Alternative Assets L.P. (the “Purchaser”), a Delaware limited partnership and an indirect subsidiary of KKR & Co. Inc., announced today its intention to commence a tender offer (the “Tender Offer”) to purchase up to $150,000,000 in aggregate amount of shares of common stock, par value $0.001 per share (the “Shares”), of FS KKR Capital Corp., a Maryland corporation (
NYSE: FSK) (the “Company”). The Purchaser expects to purchase the Shares in cash at a fixed price of $11.00 per Share, less any applicable withholding taxes and without interest. On May 8, 2026, the closing price of the Shares on The New York Stock Exchange was $10.84 per Share. The Tender Offer will be open to all Company stockholders, is expected to commence on May 12, 2026 and is expected to expire on June 9, 2026, subject to customary closing conditions and the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The Purchaser believes the intrinsic value of the Shares is in excess of the Tender Offer price of $11.00 per Share.
