FS KKR Capital (FSK) Q2 FY26 earnings call

FS KKR Capital Corp. reported Q2 FY26 results marked by significant strategic actions aimed at enhancing shareholder value and portfolio quality. The company successfully executed a KKR tender offer, issued convertible preferred stock to KKR, and initiated a share repurchase program, while KKR also waived incentive fees. Despite a decline in net asset value per share and a reduction in the investment portfolio size, management emphasized progress in portfolio rotation and leverage reduction, aiming for a smaller, higher-quality fund.