Workflow
FS KKR Capital Corp. Announces First Quarter 2025 Results
KKRKKR(KKR) Prnewswire·2025-05-07 20:15

Core Viewpoint - FS KKR Capital Corp. reported strong financial results for the quarter ended March 31, 2025, with a declared distribution of 0.70pershare,reflectingstabilityamidmarketvolatility[1][4][3].FinancialandOperatingHighlights−AdjustedNetInvestmentIncomewas0.70 per share, reflecting stability amid market volatility [1][4][3]. Financial and Operating Highlights - Adjusted Net Investment Income was 0.65 per share, with net investment income of 0.67pershare,comparedto0.67 per share, compared to 0.61 per share for the previous quarter [8][28]. - The company originated approximately 2.0billioninnewinvestmentsduringthequarter[3].−Totalinvestmentincomeforthequarterwas2.0 billion in new investments during the quarter [3]. - Total investment income for the quarter was 400 million, down from 434millioninthesamequarterofthepreviousyear[24].PortfolioHighlights−Thetotalfairvalueofinvestmentsincreasedto434 million in the same quarter of the previous year [24]. Portfolio Highlights - The total fair value of investments increased to 14.1 billion from 13.5billionattheendof2024[6][9].−Seniorsecuredloansrepresented58.113.5 billion at the end of 2024 [6][9]. - Senior secured loans represented 58.1% of the portfolio, with 67.2% of debt investments being variable rate [6][9]. - Investments on non-accrual status were 2.1% of the total investment portfolio at fair value [9]. Leverage and Liquidity - The net debt to equity ratio was 114%, with total debt outstanding of 8.0 billion and stockholders' equity of 6.5billion[10][8].−Cashandcashequivalentsstoodat6.5 billion [10][8]. - Cash and cash equivalents stood at 472 million, with an additional 2.6billionavailableunderfinancingarrangements[10].EarningsandDistributions−Earningspershareforthequarterwere2.6 billion available under financing arrangements [10]. Earnings and Distributions - Earnings per share for the quarter were 0.43, down from 0.52inthepreviousquarter[8][25].−Thecompanypaiddistributionstotaling0.52 in the previous quarter [8][25]. - The company paid distributions totaling 0.70 per share to stockholders [8][4]. Additional Information - FS KKR Capital Corp. focuses on providing customized credit solutions to private middle-market U.S. companies, primarily investing in senior secured debt [14].