This High-Yield Lender Paying Nearly $0.50 Quarterly Has Plummeted 51%, but One Fund Just Made a Big Bet On It

Diameter Capital Partners initiated a new position in FS KKR Capital Corp. (NYSE:FSK), acquiring 2,272,393 shares worth an estimated $33.65 million during the fourth quarter, according to a February 17, 2026, SEC filing. What happened According to its SEC filing dated February 17, 2026, Diameter Capital Partners reported a new holding in FS KKR Capital Corp, buying 2,272,393 shares during the fourth quarter. The net increase in position value at quarter-end was $33.65 million, reflecting both the purchas ...