BDC Quick Recap: FS KKR (FSK)
BDC Quick Recap: FS KKR (FSK) as of March 31st, 2023
FS KKR (FSK) filed its earnings this morning and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for FS KKR (FSK) for the three-month period ended March 31st, 2023.
Portfolio Stats
| FMV | $15.3B |
| # of Investments | 441 |
| Total unused commitments to extend financing | $941.9M |
| Portfolio Companies | 189 |
Portfolio Composition
| First Lien | 59.20% |
| Second Lien | 9.00% |
| Equity and Other | 31.80% |
Source: SOLVE Fixed Income, FS KKR (FSK)
Portfolio Credit Quality
| Non-Accruals Cost | $885.1M |
| # of Non-Accruals | 17 |
| # of Portfolio at Cost | 2.75% |
| New Non-Accruals | Wittur, Thermasys, Monitronics |
Source: SOLVE Fixed Income, FS KKR (FSK)
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
|---|---|---|---|---|---|
| Covis Finco Sarl | Subordinated Debt | Pharmaceuticals, Biotechnology & Life Sciences | $20.0M | 11/20/2026 | S+675 |
| Spotless Brands LLC | Senior Secured Loans-First Lien | Consumer Services | $18.4M | 7/25/2028 | S+675 |
| Careismatic Brands Inc | Senior Secured Loans-First Lien | Health Care Equipment & Services | $15.0M | 3/9/2025 | S+675 |
Source: SOLVE Fixed Income, FS KKR (FSK)
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
|---|---|---|---|---|---|
| Pretium Partners LLC P2 | Asset Based Finance-Term Loan | Real Estate | $33.0M | 12/16/2029 | N/A |
| Advanced Lighting Technologies Inc | Senior Secured Loans-Second Lien | Materials | $10.5M | 3/16/2027 | N/A |
| Cimarron Energy Inc | Senior Secured Loans-First Lien | Energy | $4.8M | 12/31/2024 | L+900 |
Source: SOLVE Fixed Income, FS KKR (FSK)
Interested in learning more about SOLVE’s BDC data? Email sales@solvefixedincome.com, or Request a Trial to learn more.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
