On May 9, 2025, FS KKR Capital Corp. (the “Company”) entered into equity distribution agreements, each dated as of May 9, 2025 (the “Equity
Distribution Agreements”), by and among the Company and FS/KKR Advisor, LLC, the Company’s investment adviser (the “Adviser”), and each of Truist
Securities, Inc., RBC Capital Markets, LLC, KKR Capital Markets LLC, and SMBC Nikko Securities America, Inc. (collectively, the “Sales Agents”).
The Equity Distribution Agreements provide that the Company may from time to time issue and sell shares of its common stock, par value $0.001 per
share, having an aggregate offering price of up to $750,000,000 (“Shares”), through the Sales Agents, or to them as principal for their own respective
accounts. As of 2025-05-09, fund’s market price was $19.91 and NAV was $23.37.