FS KKR Capital reports Q2 adjusted NII 60c, consensus 63c

“During the second quarter FSK generated $0.60 per share of Adjusted Net Investment Income. Our operating results and corresponding net asset value were impacted by company specific issues affecting four portfolio companies, each of which have been discussed on prior earnings calls,” said Michael Forman, Chief Executive Officer and Chairman. “During the quarter we originated approximately $1.4 billion of new investments, the vast majority of which were first lien structures. Also, in July we closed an amendment to our Senior Secured Revolving Credit Facility whereby the facility size was increased to $4.7 billion, the maturity date was extended until July of 2030, and the borrowing rate was reduced by 10 basis points. As a result, despite the four assets which impacted our quarterly results, we remain focused on growing our investment portfolio and actively managing our capital structure for the future.”