The Company announced that it has priced an underwritten public offering of $500,000,000 in aggregate principal amount of its 3.250% unsecured notes due 2027. The Notes will mature on July 15, 2027 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 one month prior to their maturity. The offering is expected to close on January 18, 2022, subject to customary closing conditions.
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. As of 2022-01-11, the Fund’s leverage was 51.2% and Debt Focused BDC Group leverage was 47.9%.