UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
| ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
| FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2021 |
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
COMMISSION FILE NUMBER: 814-00757
FS KKR Capital Corp.
(Exact name of registrant as specified in its charter)
| Maryland | 26-1630040 | |
| (State of Incorporation) | (I.R.S. Employer Identification Number) | |
| 201 Rouse Boulevard Philadelphia, Pennsylvania |
19112 | |
| (Address of principal executive offices) | (Zip Code) | |
Registrant’s telephone number, including area code: (215) 495-1150
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐.
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☐ No ☐.
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):
| Large accelerated filer ☒ | Accelerated filer ☐ | |||
| Non-accelerated filer ☐ | Smaller reporting company ☐ | |||
| Emerging growth company ☐ | ||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒.
Securities registered pursuant to Section 12(b) of the Act.
| Title of each class |
Trading |
Name of each exchange on which registered | ||
| Common stock, par value $0.001 | FSK | New York Stock Exchange |
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
There were 285,129,993 shares of the registrant’s common stock outstanding as of August 9, 2021.
| Page | ||||||
| ITEM 1. | 3 | |||||
| Consolidated Balance Sheets as of June 30, 2021 (Unaudited) and December 31, 2020 |
3 | |||||
| 4 | ||||||
| 5 | ||||||
| Unaudited Consolidated Statements of Cash Flows for the six months ended June 30, 2021 and 2020 |
6 | |||||
| Consolidated Schedules of Investments as of June 30, 2021 (Unaudited) and December 31, 2020 |
8 | |||||
| 40 | ||||||
| ITEM 2. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
83 | ||||
| ITEM 3. | 98 | |||||
| ITEM 4. | 99 | |||||
| ITEM 1. | 101 | |||||
| ITEM 1A. | 101 | |||||
| ITEM 2. | 101 | |||||
| ITEM 3. | 101 | |||||
| ITEM 4. | 101 | |||||
| ITEM 5. | 101 | |||||
| ITEM 6. | 101 | |||||
| 109 | ||||||
FS KKR Capital Corp.
(in millions, except share and per share amounts)
| June 30, 2021 (Unaudited) |
December 31, 2020 | |||||||
| Assets |
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| Investments, at fair value |
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| Non-controlled/unaffiliated investments (amortized cost—$11,025 and $5,314, respectively) |
$ | 11,261 | $ | 4,986 | ||||
| Non-controlled/affiliated investments (amortized cost—$761 and $629, respectively) |
835 | 534 | ||||||
| Controlled/affiliated investments (amortized cost—$2,706 and $1,510, respectively) |
2,638 | 1,260 | ||||||
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| Total investments, at fair value (amortized cost—$14,492 and $7,453, respectively) |
14,734 | 6,780 | ||||||
| Cash |
485 | 182 | ||||||
| Foreign currency, at fair value (cost—$14 and $8, respectively) |
14 | 9 | ||||||
| Receivable for investments sold and repaid |
325 | 173 | ||||||
| Income receivable |
140 | 72 | ||||||
| Unrealized appreciation on foreign currency forward contracts |
2 | 1 | ||||||
| Deferred financing costs |
14 | 15 | ||||||
| Deferred merger costs |
— | 1 | ||||||
| Prepaid expenses and other assets |
9 | 4 | ||||||
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| Total assets |
$ | 15,723 | $ | 7,237 | ||||
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| Liabilities |
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| Payable for investments purchased |
$ | 0 | $ | — | ||||
| Debt (net of deferred financing costs of $25 and $23, respectively)(1) |
7,720 | 3,997 | ||||||
| Unrealized depreciation on foreign currency forward contracts |
2 | 3 | ||||||
| Stockholder distributions payable |
168 | 74 | ||||||
| Management fees payable |
54 | 25 | ||||||
| Subordinated income incentive fees payable(2) |
29 | — | ||||||
| Administrative services expense payable |
5 | 2 | ||||||
| Interest payable |
65 | 25 | ||||||
| Other accrued expenses and liabilities |
27 | 15 | ||||||
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| Total liabilities |
8,070 | 4,141 | ||||||
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| Commitments and contingencies(3) |
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| Stockholders’ equity |
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| Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding |
— | — | ||||||
| Common stock, $0.001 par value, 750,000,000 shares authorized, 285,129,993 and 123,755,965 shares issued and outstanding, respectively |
0 | 0 | ||||||
| Capital in excess of par value |
7,508 | 3,866 | ||||||
| Retained earnings (accumulated deficit)(4) |
145 | (770 | ) | |||||
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| Total stockholders’ equity |
7,653 | 3,096 | ||||||
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| Total liabilities and stockholders’ equity |
$ | 15,723 | $ | 7,237 | ||||
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| Net asset value per share of common stock at period end |
$ | 26.84 | $ | 25.02 | ||||
| (1) | See Note 9 for a discussion of the Company’s financing arrangements. |
| (2) | See Note 2 for a discussion of the methodology employed by the Company in calculating the subordinated income incentive fees. |
| (3) | See Note 10 for a discussion of the Company’s commitments and contingencies. |
| (4) | See Note 5 for a discussion of the sources of distributions paid by the Company. |
See notes to unaudited consolidated financial statements.
3
FS KKR Capital Corp.
Unaudited Consolidated Statements of Operations
(in millions, except share and per share amounts)
| Three Months Ended June 30, |
Six Months Ended June 30, |
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| 2021 | 2020 | 2021 | 2020 | |||||||||||||
| Investment income |
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| Interest income |
$ | 108 | $ | 109 | $ | 195 | $ | 234 | ||||||||
| Paid-in-kind interest income |
9 | 9 | 19 | 20 | ||||||||||||
| Fee income |
22 | 6 | 33 | 18 | ||||||||||||
| Dividend and other income |
8 | 1 | 12 | 3 | ||||||||||||
| From non-controlled/affiliated investments: |
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| Interest income |
1 | 2 | 4 | 5 | ||||||||||||
| Paid-in-kind interest income |
2 | 4 | 8 | 9 | ||||||||||||
| Fee income |
— | — | — | 0 | ||||||||||||
| Dividend income |
0 | — | 0 | — | ||||||||||||
| From controlled/affiliated investments: |
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| Interest income |
2 | 1 | 4 | 4 | ||||||||||||
| Paid-in-kind interest income |
7 | 2 | 8 | 2 | ||||||||||||
| Fee income |
1 | — | 1 | — | ||||||||||||
| Dividend and other income |
46 | 16 | 73 | 34 | ||||||||||||
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| Total investment income |
206 | 150 | 357 | 329 | ||||||||||||
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| Operating expenses |
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| Management fees |
30 | 26 | 55 | 56 | ||||||||||||
| Subordinated income incentive fees(1) |
8 | — | 8 | — | ||||||||||||
| Administrative services expenses |
2 | 3 | 4 | 5 | ||||||||||||
| Accounting and administrative fees |
0 | 0 | 1 | 1 | ||||||||||||
| Interest expense(2) |
46 | 42 | 88 | 88 | ||||||||||||
| Other general and administrative expenses |
4 | 2 | 7 | 4 | ||||||||||||
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| Total operating expenses |
90 | 73 | 163 | 154 | ||||||||||||
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| Net investment income |
116 | 77 | 194 | 175 | ||||||||||||
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| Realized and unrealized gain/loss |
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| Net realized gain (loss) on investments: |
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| Non-controlled/unaffiliated investments |
1 | (48 | ) | (82 | ) | (140 | ) | |||||||||
| Non-controlled/affiliated investments |
64 | (5 | ) | 64 | (39 | ) | ||||||||||
| Controlled/affiliated investments |
(13 | ) | (17 | ) | (56 | ) | (17 | ) | ||||||||
| Net realized gain (loss) on foreign currency forward contracts |
0 | — | — | — | ||||||||||||
| Net realized gain (loss) on foreign currency |
(1 | ) | 1 | (3 | ) | (3 | ) | |||||||||
| Net change in unrealized appreciation (depreciation) on investments: |
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| Non-controlled/unaffiliated investments |
466 | (8 | ) | 575 | (375 | ) | ||||||||||
| Non-controlled/affiliated investments |
142 | (28 | ) | 169 | (165 | ) | ||||||||||
| Controlled/affiliated investments |
76 | (21 | ) | 182 | (212 | ) | ||||||||||
| Net change in unrealized appreciation (depreciation) on foreign currency forward contracts |
2 | — | 3 | 2 | ||||||||||||
| Net change in unrealized gain (loss) on foreign currency |
12 | (6 | ) | 18 | 16 | |||||||||||
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| Total net realized and unrealized gain (loss) |
$ | 749 | $ | (132 | ) | $ | 870 | $ | (933 | ) | ||||||
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| Net increase (decrease) in net assets resulting from operations |
$ | 865 | $ | (55 | ) | $ | 1,064 | $ | (758 | ) | ||||||
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| Per share information—basic and diluted |
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| Net increase (decrease) in net assets resulting from operations (Earnings per Share) |
$ | 5.75 | $ | (0.44 | ) | $ | 7.76 | $ | (6.07 | ) | ||||||
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| Weighted average shares outstanding |
150,356,079 | 123,806,337 | 137,129,503 | 124,831,125 | ||||||||||||
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| (1) | See Note 2 for a discussion of the methodology employed by the Company in calculating the subordinated income incentive fee. |
| (2) | See Note 9 for a discussion of the Company’s financing arrangements. |
See notes to unaudited consolidated financial statements.
4
FS KKR Capital Corp.
Unaudited Consolidated Statements of Changes in Net Assets
(in millions)
| Three Months Ended June 30, |
Six Months Ended June 30, |
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| 2021 | 2020 | 2021 | 2020 | |||||||||||||
| Operations |
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| Net investment income (loss) |
$ | 116 | $ | 77 | $ | 194 | $ | 175 | ||||||||
| Net realized gain (loss) on investments, foreign currency forward contracts and foreign currency |
51 | (69 | ) | (77 | ) | (199 | ) | |||||||||
| Net change in unrealized appreciation (depreciation) on investments and foreign currency forward contracts(1) |
686 | (57 | ) | 929 | (750 | ) | ||||||||||
| Net change in unrealized gain (loss) on foreign currency |
12 | (6 | ) | 18 | 16 | |||||||||||
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| Net increase (decrease) in net assets resulting from operations |
865 | (55 | ) | 1,064 | (758 | ) | ||||||||||
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| Stockholder distributions(2) |
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| Distributions to stockholders |
(75 | ) | (75 | ) | (149 | ) | (170 | ) | ||||||||
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| Net decrease in net assets resulting from stockholder distributions |
(75 | ) | (75 | ) | (149 | ) | (170 | ) | ||||||||
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| Capital share transactions(3) |
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| Issuance of common stock |
3,642 | — | 3,642 | — | ||||||||||||
| Repurchases of common stock |
— | (7 | ) | — | (47 | ) | ||||||||||
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| Net increase (decrease) in net assets resulting from capital share transactions |
3,642 | (7 | ) | 3,642 | (47 | ) | ||||||||||
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| Total increase (decrease) in net assets |
4,432 | (137 | ) | 4,557 | (975 | ) | ||||||||||
| Net assets at beginning of period |
3,221 | 3,028 | 3,096 | 3,866 | ||||||||||||
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| Net assets at end of period |
$ | 7,653 | $ | 2,891 | $ | 7,653 | $ | 2,891 | ||||||||
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| (1) | See Note 7 for a discussion of these financial instruments. |
| (2) | See Note 5 for a discussion of the sources of distributions paid by the Company. |
| (3) | See Note 3 for a discussion of the Company’s capital share transactions. |
See notes to unaudited consolidated financial statements.
5
FS KKR Capital Corp.
Unaudited Consolidated Statements of Cash Flows
(in millions)
| Six Months Ended June 30, |
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| 2021 | 2020 | |||||||
| Cash flows from operating activities |
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| Net increase (decrease) in net assets resulting from operations |
$ | 1,064 | $ | (758 | ) | |||
| Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: |
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| Purchases of investments(1) |
(1,747 | ) | (1,549 | ) | ||||
| Paid-in-kind interest |
(34 | ) | (43 | ) | ||||
| Proceeds from sales and repayments of investments |
1,914 | 1,384 | ||||||
| Net realized (gain) loss on investments |
74 | 196 | ||||||
| Net change in unrealized (appreciation) depreciation on investments(2) |
(915 | ) | 752 | |||||
| Net change in unrealized (appreciation) depreciation on foreign currency forward contracts |
(2 | ) | (2 | ) | ||||
| Accretion of discount |
(19 | ) | (7 | ) | ||||
| Amortization of deferred financing costs and discount |
5 | 3 | ||||||
| Unrealized (gain)/loss on borrowings in foreign currency |
(13 | ) | (26 | ) | ||||
| (Increase) decrease in receivable for investments sold and repaid |
(152 | ) | 520 | |||||
| (Increase) decrease in income receivable |
(68 | ) | 4 | |||||
| (Increase) decrease in deferred merger costs |
1 | — | ||||||
| (Increase) decrease in prepaid expenses and other assets |
(5 | ) | (3 | ) | ||||
| Increase (decrease) in payable for investments purchased |
— | 6 | ||||||
| Increase (decrease) in management fees payable |
29 | (4 | ) | |||||
| Increase (decrease) in subordinated income incentive fees payable |
29 | — | ||||||
| Increase (decrease) in administrative services expense |
3 | 0 | ||||||
| Increase (decrease) in interest payable |
40 | 11 | ||||||
| Increase (decrease) in other accrued expenses and liabilities |
12 | (7 | ) | |||||
| Cash acquired in merger |
293 | — | ||||||
| Other assets acquired from merger net of other assets, net of unrealized depreciation on derivatives |
17 | — | ||||||
| Merger costs capitalized into purchase price |
(8 | ) | — | |||||
| Mark-to-market of merged debt |
26 | — | ||||||
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| Net cash provided by (used in) operating activities |
544 | 477 | ||||||
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| Cash flows from financing activities |
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| Repurchases of common stock |
— | (47 | ) | |||||
| Stockholder distributions |
(148 | ) | (191 | ) | ||||
| Borrowings under financing arrangements(3) |
1,042 | 1,155 | ||||||
| Repayments of financing arrangements(3) |
(1,125 | ) | (1,396 | ) | ||||
| Deferred financing costs paid |
(5 | ) | (9 | ) | ||||
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| Net cash provided by (used in) financing activities |
(236 | ) | (488 | ) | ||||
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| Total increase (decrease) in cash |
308 | (11 | ) | |||||
| Cash, and foreign currency at beginning of period |
191 | 106 | ||||||
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| Cash, and foreign currency at end of period |
$ | 499 | $ | 95 | ||||
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| Supplemental disclosure |
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| Non-cash purchases of investments |
$ | (71 | ) | $ | (81 | ) | ||
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| Non-cash sales of investments |
$ | 71 | $ | 81 | ||||
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| Local and excise taxes paid |
$ | 9 | $ | 7 | ||||
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| (1) | Excludes $7,227 of cost of investments acquired from the 2021 Merger. |
| (2) | Excludes $11 of unrealized depreciation on unfunded commitments acquired from the 2021 Merger. |
| (3) | Excludes $3,794 of debt assumed from the 2021 Merger. See Note 9 for a discussion of the Company’s financing arrangements. During the six months ended June 30, 2021 and 2020, the Company paid $60 and $74, respectively, in interest expense on the financing arrangements. |
See notes to unaudited consolidated financial statements.
6
FS KKR Capital Corp.
Unaudited Consolidated Statements of Cash Flows
(in millions)
Supplemental disclosure of non-cash operating and financing activities:
In connection with the 2021 Merger, the Company issued common stock of $3,650 and acquired investments at cost of $7,227 and other assets of $221 and assumed debt of $3,794 and other liabilities of $297.
See notes to unaudited consolidated financial statements.
7
FS KKR Capital Corp.
Unaudited Consolidated Schedule of Investments
As of June 30, 2021
(in millions, except share amounts)
| Portfolio Company(a) |
Footnotes | Industry |
Rate(b) | Floor(b) | Maturity | Principal Amount(c) |
Amortized Cost |
Fair Value(d) |
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| Senior Secured Loans—First Lien—108.7% |
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| 5 Arch Income Fund 2 LLC |
(q)(r)(w)(y)(z) | Diversified Financials | 9.0% | 11/18/23 | $ | 116.0 | $ | 84.9 | $ | 82.4 | ||||||||||||
| 5 Arch Income Fund 2 LLC |
(w)(x)(y)(z) | Diversified Financials | 9.0% | 11/18/23 | 21.0 | 21.0 | 14.9 | |||||||||||||||
| A10 Capital LLC |
(m)(v) | Diversified Financials | L+650 | 1.0% | 5/1/23 | 26.9 | 26.8 | 27.2 | ||||||||||||||
| ABB CONCISE Optical Group LLC |
(v)(aa) | Retailing | L+500 | 1.0% | 6/15/23 | 0.7 | 0.7 | 0.7 | ||||||||||||||
| Accuride Corp |
(l)(v)(aa) | Capital Goods | L+525 | 1.0% | 11/17/23 | 30.1 | 28.6 | 29.0 | ||||||||||||||
| Advanced Dermatology & Cosmetic Surgery |
(x) | Health Care Equipment & Services | L+625 | 1.0% | 5/7/26 | 3.6 | 3.6 | 3.6 | ||||||||||||||
| Advanced Dermatology & Cosmetic Surgery |
(m)(t)(v) | Health Care Equipment & Services | L+625 | 1.0% | 5/7/27 | 39.0 | 37.0 | 38.7 | ||||||||||||||
| Advanced Dermatology & Cosmetic Surgery |
(x) | Health Care Equipment & Services | L+625 | 1.0% | 5/7/27 | 10.2 | 10.2 | 10.2 | ||||||||||||||
| Advania Sverige AB |
(v)(w) | Software & Services | R+610, 0.0% PIK (2.0% Max PIK) | 0.0% | 3/30/28 | ISK | 2,990.7 | 22.6 | 23.4 | |||||||||||||
| Advania Sverige AB |
(v)(w) | Software & Services | S+610 | 0.0% | 4/1/28 | SEK | 1,069.1 | 118.8 | 121.1 | |||||||||||||
| Advania Sverige AB |
(w)(x) | Software & Services | S+610 | 0.0% | 4/1/28 | 452.5 | 54.0 | 51.3 | ||||||||||||||
| American Tire Distributors Inc |
(v)(aa) | Automobiles & Components | L+600, 0.0% PIK (1.0% Max PIK) | 1.0% | 9/1/23 | $ | 2.6 | 2.4 | 2.6 | |||||||||||||
| American Tire Distributors Inc |
(v)(aa) | Automobiles & Components | L+750, 0.0% PIK (1.5% Max PIK) | 1.0% | 9/2/24 | 43.3 | 40.4 | 43.4 | ||||||||||||||
| Amtek Global Technology Pte Ltd |
(g)(w)(ad) | Automobiles & Components | E+500 PIK (E+500 Max PIK) | 0.0% | 4/4/24 | € | 55.8 | 67.9 | 59.2 | |||||||||||||
| Apex Group Limited |
(v)(w) | Diversified Financials | L+700 | 1.3% | 6/15/23 | $ | 3.2 | 3.2 | 3.2 | |||||||||||||
| Apex Group Limited |
(w)(x) | Diversified Financials | L+700 | 1.3% | 6/15/23 | 3.2 | 3.2 | 3.2 | ||||||||||||||
| Apex Group Limited |
(f)(k)(l)(m)(t)(v)(w) | Diversified Financials | L+700 | 1.3% | 6/16/25 | 87.8 | 82.6 | 88.7 | ||||||||||||||
| Apex Group Limited |
(v)(w) | Diversified Financials | L+700 | 1.5% | 6/16/25 | £ | 54.0 | 69.4 | 75.3 | |||||||||||||
| Arcos LLC/VA |
(x) | Software & Services | L+575 | 1.0% | 3/31/27 | $ | 4.5 | 4.5 | 4.5 | |||||||||||||
| Arcos LLC/VA |
(m)(v) | Software & Services | L+575 | 1.0% | 3/31/28 | 35.0 | 32.9 | 34.4 | ||||||||||||||
| Ardonagh Group Ltd |
(v)(w) | Insurance | L+544, 2.3% PIK (2.3% Max PIK) | 0.8% | 7/14/26 | £ | 0.8 | 1.0 | 1.1 | |||||||||||||
| Arrotex Australia Group Pty Ltd |
(v)(w) | Pharmaceuticals, Biotechnology & Life Sciences | B+525 | 1.0% | 7/10/24 | A$ | 42.6 | 30.1 | 31.9 | |||||||||||||
| Arrotex Australia Group Pty Ltd |
(w)(x) | Pharmaceuticals, Biotechnology & Life Sciences | B+525 | 1.0% | 7/10/24 | 3.1 | 2.2 | 2.3 | ||||||||||||||
| Aspect Software Inc |
(v) | Software & Services | 8.0% PIK (8.0% Max PIK) | 9/15/21 | $ | 0.3 | 0.2 | 0.3 | ||||||||||||||
| ATX Networks Corp |
(s)(v)(w)(y)(z) | Technology Hardware & Equipment | L+625, 1.5% PIK (1.5% Max PIK) | 1.0% | 12/31/23 | 79.8 | 47.3 | 51.3 | ||||||||||||||
| Barbri Inc |
(f)(k)(l)(m)(t)(v) | Consumer Services | L+575 | 0.8% | 4/28/28 | 110.4 | 104.6 | 109.3 | ||||||||||||||
| Barbri Inc |
(x) | Consumer Services | L+575 | 0.8% | 4/28/28 | 30.2 | 30.2 | 29.9 | ||||||||||||||
| Belk Inc |
(v)(y)(z)(aa)(ac) | Retailing | 10.0%, 0.0% PIK (8.0% Max PIK) | 7/31/25 | 64.4 | 39.0 | 50.1 | |||||||||||||||
| Belk Inc |
(v)(aa)(ac) | Retailing | L+750 | 1.0% | 7/31/25 | 21.9 | 21.7 | 22.0 | ||||||||||||||
| Berner Food & Beverage LLC |
(i)(m)(v) | Food & Staples Retailing | L+875 | 1.0% | 3/16/22 | 74.3 | 74.1 | 78.0 | ||||||||||||||
| Borden (New Dairy Opco) |
(v)(ac) | Food, Beverage & Tobacco | L+250 | 1.0% | 7/20/25 | 19.0 | 18.1 | 19.0 | ||||||||||||||
| Borden (New Dairy Opco) |
(v)(ac) | Food, Beverage & Tobacco | L+700, 0.0% PIK (1.0% Max PIK) | 1.0% | 7/20/25 | 42.0 | 40.0 | 42.0 | ||||||||||||||
| Borden Dairy Co |
(v)(y)(z)(ac) | Food, Beverage & Tobacco | L+825 | 1.0% | 7/6/23 | 65.0 | 25.4 | — | ||||||||||||||
| Caprock Midstream LLC |
(v)(aa) | Energy | L+475 | 0.0% | 11/3/25 | 13.3 | 12.1 | 13.1 | ||||||||||||||
| Charles Taylor PLC |
(v)(w) | Diversified Financials | L+575 | 0.0% | 1/24/27 | £ | 5.4 | 6.8 | 7.4 | |||||||||||||
| Cimarron Energy Inc |
(v) | Energy | L+900 | 1.0% | 12/31/22 | $ | 7.5 | 5.5 | 5.9 | |||||||||||||
| Constellis Holdings LLC |
(v)(ac) | Capital Goods | L+750 | 1.0% | 3/27/24 | 15.0 | 13.8 | 15.0 | ||||||||||||||
| Corsearch Intermediate Inc |
(m)(v) | Software & Services | L+575 | 1.0% | 4/19/28 | 27.1 | 25.3 | 26.5 | ||||||||||||||
| Corsearch Intermediate Inc |
(v) | Software & Services | L+575 | 1.0% | 4/19/28 | 2.9 | 2.9 | 2.9 | ||||||||||||||
| Corsearch Intermediate Inc |
(x) | Software & Services | L+575 | 1.0% | 4/19/28 | 4.4 | 4.4 | 4.4 | ||||||||||||||
| CSafe Global |
(f)(k)(l)(m)(s)(t)(v) | Capital Goods | L+625 | 1.0% | 12/23/27 | 140.0 | 131.2 | 141.4 | ||||||||||||||
| CSafe Global |
(v) | Capital Goods | L+625 | 1.0% | 12/23/27 | 9.2 | 8.7 | 9.2 | ||||||||||||||
| CSafe Global |
(x) | Capital Goods | L+625 | 1.0% | 12/23/27 | 7.3 | 7.3 | 7.3 | ||||||||||||||
See notes to unaudited consolidated financial statements.
8
FS KKR Capital Corp.
Unaudited Consolidated Schedule of Investments (continued)
As of June 30, 2021
(in millions, except share amounts)
| Portfolio Company(a) |
Footnotes | Industry |
Rate(b) | Floor(b) | Maturity | Principal Amount(c) |
Amortized Cost |
Fair Value(d) |
||||||||||||||
| Cubic Corp |
(v)(aa) | Software & Services | L+425 | 0.8% | 5/25/28 | $ | 9.2 | $ | 8.8 | $ | 9.2 | |||||||||||
| Dental Care Alliance Inc |
(f)(k)(m)(t)(v) | Health Care Equipment & Services | L+625 | 0.8% | 3/12/27 | 90.7 | 86.2 | 90.1 | ||||||||||||||
| Dental Care Alliance Inc |
(x) | Health Care Equipment & Services | L+625 | 0.8% | 3/12/27 | 22.4 | 22.4 | 22.2 | ||||||||||||||
| Distribution International Inc |
(v)(aa) | Retailing | L+575 | 1.0% | 12/15/23 | 27.4 | 25.4 | 26.6 | ||||||||||||||
| Eagle Family Foods Inc |
(v) | Food, Beverage & Tobacco | L+650 | 1.0% | 6/14/23 | 8.5 | 8.2 | 8.5 | ||||||||||||||
| Eagle Family Foods Inc |
(x) | Food, Beverage & Tobacco | L+650 | 1.0% | 6/14/23 | 6.8 | 6.8 | 6.8 | ||||||||||||||
| Eagle Family Foods Inc |
(f)(i)(k)(l)(m)(s)(v) | Food, Beverage & Tobacco | L+650 | 1.0% | 6/14/24 | 87.9 | 84.2 | 87.9 | ||||||||||||||
| Eagleclaw Midstream Ventures LLC |
(v)(aa) | Energy | L+425 | 1.0% | 6/24/24 | 8.8 | 8.0 | 8.7 | ||||||||||||||
| EIF Van Hook Holdings LLC |
(v)(aa) | Energy | L+525 | 0.0% | 9/5/24 | 2.0 | 1.7 | 1.9 | ||||||||||||||
| Entertainment Benefits Group LLC |
(v) | Media & Entertainment | L+575, 2.5% PIK (2.5% Max PIK) | 1.0% | 9/30/24 | 0.2 | 0.2 | 0.2 | ||||||||||||||
| Entertainment Benefits Group LLC |
(v) | Media & Entertainment | L+575, 2.5% PIK (2.5% Max PIK) | 1.0% | 9/30/24 | 9.1 | 8.3 | 8.3 | ||||||||||||||
| Entertainment Benefits Group LLC |
(x) | Media & Entertainment | L+575, 2.5% PIK (2.5% Max PIK) | 1.0% | 9/30/24 | 1.2 | 1.2 | 1.1 | ||||||||||||||
| Entertainment Benefits Group LLC |
(f)(k)(l)(m)(v) | Media & Entertainment | L+575, 2.5% PIK (2.5% Max PIK) | 1.0% | 9/30/25 | 63.2 | 57.8 | 57.8 | ||||||||||||||
| Fairway Group Holdings Corp |
(v)(y)(z)(ac) | Food & Staples Retailing | 12.0% PIK (12.0% Max PIK) | 11/27/23 | 12.3 | 1.1 | 1.2 | |||||||||||||||
| Fairway Group Holdings Corp |
(v)(y)(z)(ac) | Food & Staples Retailing | 10.0% PIK (10.0% Max PIK) | 11/28/23 | 7.6 | — | — | |||||||||||||||
| FloWorks International LLC |
(i)(m)(v) | Capital Goods | L+650 | 1.0% | 10/14/26 | 32.1 | 30.5 | 31.5 | ||||||||||||||
| FloWorks International LLC |
(v) | Capital Goods | L+650 | 1.0% | 10/14/26 | 21.4 | 19.8 | 21.0 | ||||||||||||||
| FloWorks International LLC |
(x) | Capital Goods | L+650 | 1.0% | 10/14/26 | 21.5 | 21.5 | 21.1 | ||||||||||||||
| Foundation Consumer Brands LLC |
(m)(v) | Pharmaceuticals, Biotechnology & Life Sciences | L+638 | 1.0% | 2/12/27 | 105.2 | 100.9 | 105.7 | ||||||||||||||
| Foundation Consumer Brands LLC |
(x) | Pharmaceuticals, Biotechnology & Life Sciences | L+638 | 1.0% | 2/12/27 | 6.6 | 6.6 | 6.6 | ||||||||||||||
| Frontline Technologies Group LLC |
(i)(m)(v) | Software & Services | L+575 | 1.0% | 9/18/23 | 79.1 | 78.4 | 79.7 | ||||||||||||||
| Frontline Technologies Group LLC |
(v) | Software & Services | L+575 | 1.0% | 9/18/23 | 22.1 | 20.9 | 22.2 | ||||||||||||||
| Frontline Technologies Group LLC |
(s) | Software & Services | L+575 | 1.0% | 9/18/23 | 53.9 | 50.2 | 54.3 | ||||||||||||||
| General Datatech LP |
(f)(k)(l)(t)(v) | Software & Services | L+625 | 1.0% | 6/18/27 | 181.5 | 179.7 | 179.7 | ||||||||||||||
| Greystone Equity Member Corp |
(v)(w) | Diversified Financials | L+725 | 3.8% | 4/1/26 | 194.8 | 181.6 | 194.8 | ||||||||||||||
| Heniff Transportation Systems LLC |
(v) | Transportation | L+575 | 1.0% | 12/3/24 | 6.5 | 6.2 | 6.4 | ||||||||||||||
| Heniff Transportation Systems LLC |
(x) | Transportation | L+575 | 1.0% | 12/3/24 | 11.3 | 11.3 | 11.0 | ||||||||||||||
| Heniff Transportation Systems LLC |
(f)(i)(k)(l)(m)(v) | Transportation | L+575 | 1.0% | 12/3/26 | 138.4 | 130.5 | 135.2 | ||||||||||||||
| Heniff Transportation Systems LLC |
(v) | Transportation | L+625 | 1.0% | 12/3/26 | 19.5 | 18.6 | 19.5 | ||||||||||||||
| Hibu Inc |
(f)(k)(l)(m)(t)(v) | Commercial & Professional Services | L+625 | 1.0% | 5/4/27 | 102.8 | 97.4 | 101.8 | ||||||||||||||
| Higginbotham Insurance Agency Inc |
(v) | Insurance | L+575 | 0.8% | 11/25/26 | 49.5 | 45.9 | 49.9 | ||||||||||||||
| Higginbotham Insurance Agency Inc |
(x) | Insurance | L+575 | 0.8% | 11/25/26 | 14.0 | 14.0 | 14.1 | ||||||||||||||
| HM Dunn Co Inc |
(v)(y)(z)(ad) | Capital Goods | L+875 PIK (L+875 Max PIK) | 1.0% | 12/31/21 | 66.5 | 15.6 | 16.9 | ||||||||||||||
| HM Dunn Co Inc |
(v)(ad) | Capital Goods | 15.0% PIK (15.0% Max PIK) | 12/31/21 | 20.0 | 11.5 | 11.5 | |||||||||||||||
| Hudson Technologies Co |
(v)(w) | Commercial & Professional Services | L+1,025 | 1.0% | 10/10/23 | 82.5 | 73.5 | 74.1 | ||||||||||||||
| Individual FoodService |
(v) | Capital Goods | L+625 | 1.0% | 11/22/24 | 0.4 | 0.4 | 0.4 | ||||||||||||||
| Individual FoodService |
(x) | Capital Goods | L+625 | 1.0% | 11/22/24 | 4.3 | 4.3 | 4.3 | ||||||||||||||
| Individual FoodService |
(m)(s)(v) | Capital Goods | L+625 | 1.0% | 11/22/25 | 71.0 | 66.2 | 71.4 | ||||||||||||||
| Individual FoodService |
(x) | Capital Goods | L+625 | 1.0% | 11/22/25 | 4.8 | 4.8 | 4.8 | ||||||||||||||
| Industria Chimica Emiliana Srl |
(v)(w) | Pharmaceuticals, Biotechnology & Life Sciences | E+725 | 0.0% | 6/30/26 | € | 71.2 | 80.6 | 87.4 | |||||||||||||
| Industria Chimica Emiliana Srl |
(v)(w) | Pharmaceuticals, Biotechnology & Life Sciences | E+725 | 0.0% | 9/27/26 | 17.6 | 20.3 | 21.6 | ||||||||||||||
| Industry City TI Lessor LP |
(s)(v) | Consumer Services | 10.8%, 1.0% PIK (1.0% Max PIK) | 6/30/26 | $ | 31.9 | 31.9 | 34.9 | ||||||||||||||
| J S Held LLC |
(v) | Insurance | L+600 | 1.0% | 7/1/25 | 6.3 | 6.1 | 6.3 | ||||||||||||||
| J S Held LLC |
(x) | Insurance | L+600 | 1.0% | 7/1/25 | 7.8 | 7.8 | 7.8 | ||||||||||||||
See notes to unaudited consolidated financial statements.
9
FS KKR Capital Corp.
Unaudited Consolidated Schedule of Investments (continued)
As of June 30, 2021
(in millions, except share amounts)
| Portfolio Company(a) |
Footnotes | Industry |
Rate(b) | Floor(b) | Maturity | Principal Amount(c) |
Amortized Cost |
Fair Value(d) |
||||||||||||||
| J S Held LLC |
(f)(i)(m)(s)(v) | Insurance | L+600 | 1.0% | 7/1/25 | $ | 150.6 | $ | 144.3 | $ | 152.1 | |||||||||||
| J S Held LLC |
(v) | Insurance | L+600 | 1.0% | 7/1/25 | 2.9 | 2.9 | 2.9 | ||||||||||||||
| J S Held LLC |
(x) | Insurance | L+600 | 1.0% | 7/1/25 | 29.5 | 29.5 | 29.9 | ||||||||||||||
| Jarrow Formulas Inc |
(f)(i)(k)(l)(m)(s)(t)(v) | Household & Personal Products | L+625 | 1.0% | 11/30/26 | 189.0 | 178.7 | 190.4 | ||||||||||||||
| Karman Space Inc |
(m)(v) | Capital Goods | L+650 | 1.0% | 12/21/25 | 54.2 | 51.0 | 54.4 | ||||||||||||||
| Karman Space Inc |
(v) | Capital Goods | L+650 | 1.0% | 12/21/25 | 4.1 | 3.9 | 4.1 | ||||||||||||||
| Karman Space Inc |
(x) | Capital Goods | L+650 | 1.0% | 12/21/25 | 1.4 | 1.4 | 1.4 | ||||||||||||||
| KBP Investments LLC |
(v) | Food & Staples Retailing | L+500 | 0.8% | 5/26/27 | 9.0 | 8.2 | 8.9 | ||||||||||||||
| KBP Investments LLC |
(x) | Food & Staples Retailing | L+500 | 0.8% | 5/26/27 | 27.4 | 27.4 | 27.1 | ||||||||||||||
| Kellermeyer Bergensons Services LLC |
(f)(i)(k)(l)(m)(s)(t)(v) | Commercial & Professional Services | L+650 | 1.0% | 11/7/26 | 296.1 | 283.0 | 299.0 | ||||||||||||||
| Kellermeyer Bergensons Services LLC |
(x) | Commercial & Professional Services | L+650 | 1.0% | 11/7/26 | 52.4 | 52.4 | 52.9 | ||||||||||||||
| Lakeview Farms Inc |
(l)(m)(v) | Food, Beverage & Tobacco | L+625 | 1.0% | 6/10/27 | 47.3 | 45.3 | 47.3 | ||||||||||||||
| Lakeview Farms Inc |
(x) | Food, Beverage & Tobacco | L+625 | 1.0% | 6/10/27 | 10.8 | 10.8 | 10.8 | ||||||||||||||
| Lakeview Farms Inc |
(x) | Food, Beverage & Tobacco | L+625 | 1.0% | 6/10/27 | 45.6 | 45.6 | 45.1 | ||||||||||||||
| Lakeview Farms Inc |
(v) | Food, Beverage & Tobacco | L+625 | 1.0% | 6/10/27 | 0.3 | 0.3 | 0.3 | ||||||||||||||
| Lakeview Farms Inc |
(x) | Food, Beverage & Tobacco | L+625 | 1.0% | 6/10/27 | 6.5 | 6.5 | 6.5 | ||||||||||||||
| Lexitas Inc |
(i)(k)(l)(m)(v) | Commercial & Professional Services | L+600 | 1.0% | 11/14/25 | 96.7 | 92.9 | 98.1 | ||||||||||||||
| Lexitas Inc |
(x) | Commercial & Professional Services | L+600 | 1.0% | 11/14/25 | 20.9 | 20.9 | 21.2 | ||||||||||||||
| Lexitas Inc |
(x) | Commercial & Professional Services | L+600 | 1.0% | 11/14/25 | 5.4 | 5.4 | 5.4 | ||||||||||||||
| Lionbridge Technologies Inc |
(f)(k)(s)(t) | Consumer Services | L+700 | 1.0% | 12/29/25 | 70.8 | 65.2 | 70.8 | ||||||||||||||
| Lipari Foods LLC |
(f)(m)(s)(v) | Food & Staples Retailing | L+575 | 1.0% | 1/6/25 | 274.1 | 261.9 | 276.9 | ||||||||||||||
| Matchesfashion Ltd |
(v)(w) | Consumer Durables & Apparel | L+463, 3.0% PIK (3.0% Max PIK) | 0.0% | 10/11/24 | 12.7 | 12.2 | 9.2 | ||||||||||||||
| MB2 Dental Solutions LLC |
(k)(l)(m)(t)(v) | Health Care Equipment & Services | L+600 | 1.0% | 1/29/27 | 159.3 | 148.8 | 157.5 | ||||||||||||||
| MB2 Dental Solutions LLC |
(v) | Health Care Equipment & Services | L+600 | 1.0% | 1/29/27 | 13.0 | 12.0 | 12.8 | ||||||||||||||
| MB2 Dental Solutions LLC |
(x) | Health Care Equipment & Services | L+600 | 1.0% | 1/29/27 | 43.8 | 43.8 | 43.3 | ||||||||||||||
| Miami Beach Medical Group LLC |
(k)(l)(m)(t)(v) | Health Care Equipment & Services | L+650 | 1.0% | 12/14/26 | 181.5 | 171.5 | 184.9 | ||||||||||||||
| Micronics Filtration Holdings Inc |
(v)(y)(z)(ac) | Capital Goods | 7.5% PIK (7.5% Max PIK) | 3/29/24 | 49.5 | 45.0 | 39.1 | |||||||||||||||
| Monitronics International Inc |
(f)(v)(aa) | Commercial & Professional Services | L+650 | 1.3% | 3/29/24 | 18.9 | 17.0 | 18.4 | ||||||||||||||
| Monitronics International Inc |
(f)(aa) | Commercial & Professional Services | L+500 | 1.5% | 7/3/24 | 1.9 | 1.8 | 1.9 | ||||||||||||||
| Monitronics International Inc |
(v) | Commercial & Professional Services | L+500 | 1.5% | 7/3/24 | 28.2 | 25.3 | 26.9 | ||||||||||||||
| Monitronics International Inc |
(x) | Commercial & Professional Services | L+500 | 1.5% | 7/3/24 | 41.8 | 41.8 | 39.8 | ||||||||||||||
| Motion Recruitment Partners LLC |
(m)(t)(v) | Commercial & Professional Services | L+650 | 1.0% | 12/19/25 | 85.4 | 80.1 | 82.8 | ||||||||||||||
| Motion Recruitment Partners LLC |
(x) | Commercial & Professional Services | L+650 | 1.0% | 12/19/25 | 59.6 | 59.6 | 57.7 | ||||||||||||||
| NBG Home |
(v) | Consumer Durables & Apparel | L+550 | 1.0% | 4/26/24 | 68.5 | 68.3 | 58.4 | ||||||||||||||
| NCI Inc |
(v) | Software & Services | L+750, 0.0% PIK (2.5% Max PIK) | 1.0% | 8/15/24 | 78.8 | 77.5 | 68.4 | ||||||||||||||
| New Era Technology Inc |
(i)(l)(m)(t)(v) | Software & Services | L+625 | 1.0% | 10/31/26 | 68.7 | 64.3 | 67.3 | ||||||||||||||
| New Era Technology Inc |
(x) | Software & Services | L+625 | 1.0% | 10/31/26 | 38.0 | 38.0 | 37.3 | ||||||||||||||
| New Era Technology Inc |
(x) | Software & Services | L+625 | 1.0% | 10/31/26 | 4.7 | 4.6 | 4.6 | ||||||||||||||
| Omnimax International Inc |
(i)(k)(l)(m)(v) | Capital Goods | L+675 | 1.0% | 10/8/26 | 189.5 | 179.5 | 191.4 | ||||||||||||||
| One Call Care Management Inc |
(v)(aa)(ad) | Health Care Equipment & Services | L+550 | 0.8% | 4/22/27 | 10.0 | 9.6 | 10.1 | ||||||||||||||
| Parata Systems |
(f)(v) | Health Care Equipment & Services | L+575 | 1.0% | 6/30/27 | 132.1 | 131.1 | 131.1 | ||||||||||||||
| Parata Systems |
(x) | Health Care Equipment & Services | L+575 | 1.0% | 6/30/27 | 5.5 | 5.5 | 5.5 | ||||||||||||||
| Parata Systems |
(x) | Health Care Equipment & Services | L+575 | 1.0% | 6/30/27 | 22.0 | 22.0 | 21.9 | ||||||||||||||
| P2 Energy Solutions Inc. |
(v) | Software & Services | L+675 | 1.0% | 1/31/25 | 5.1 | 4.7 | 4.8 | ||||||||||||||
See notes to unaudited consolidated financial statements.
10
FS KKR Capital Corp.
Unaudited Consolidated Schedule of Investments (continued)
As of June 30, 2021
(in millions, except share amounts)
| Portfolio Company(a) |
Footnotes | Industry |
Rate(b) | Floor(b) | Maturity | Principal Amount(c) |
Amortized Cost |
Fair Value(d) |
||||||||||||||
| P2 Energy Solutions Inc. |
(x) | Software & Services | L+675 | 1.0% | 1/31/25 | $ | 10.1 | $ | 10.1 | $ | 9.6 | |||||||||||
| P2 Energy Solutions Inc. |
(f)(i)(k)(m)(s)(t)(v) | Software & Services | L+675 | 1.0% | 2/2/26 | 250.3 | 232.4 | 238.0 | ||||||||||||||
| Peak 10 Holding Corp |
(v)(aa) | Telecommunication Services | L+350 | 0.0% | 8/1/24 | 20.1 | 17.1 | 18.5 | ||||||||||||||
| Peraton Corp |
(v)(aa) | Capital Goods | L+375 | 0.8% | 2/1/28 | 9.1 | 8.7 | 9.1 | ||||||||||||||
| Petroplex Acidizing Inc |
(v)(y)(z)(ac) | Energy | L+900 PIK (L+900 Max PIK) | 1.0% | 12/30/21 | 25.8 | 22.2 | 4.8 | ||||||||||||||
| Polyconcept North America Inc |
(v)(aa) | Household & Personal Products | L+450 PIK (L+450 Max PIK) | 1.0% | 8/16/23 | 22.1 | 21.9 | 21.6 | ||||||||||||||
| Premium Credit Ltd |
(v)(w) | Diversified Financials | L+650 | 0.0% | 1/16/26 | £ | 58.0 | 74.8 | 80.1 | |||||||||||||
| Production Resource Group LLC |
(v)(ad) | Media & Entertainment | L+300, 5.5% PIK (5.5% Max PIK) | 0.3% | 8/21/24 | $ | 127.0 | 117.1 | 127.0 | |||||||||||||
| Production Resource Group LLC |
(v)(ad) | Media & Entertainment | L+500 | 1.0% | 8/21/24 | 3.4 | 3.3 | 3.3 | ||||||||||||||
| Production Resource Group LLC |
(v)(ad) | Media & Entertainment | L+550 PIK (L+550 Max PIK) | 1.0% | 8/21/24 | 0.1 | 0.1 | 0.1 | ||||||||||||||
| Production Resource Group LLC |
(v)(ad) | Media & Entertainment | L+750, 0.0% PIK (3.1% Max PIK) | 1.0% | 8/21/24 | 60.3 | 55.5 | 60.3 | ||||||||||||||
| Project Marron |
(v)(w) | Consumer Services | B+575 | 0.0% | 7/2/25 | A$ | 36.5 | 24.4 | 26.0 | |||||||||||||
| Project Marron |
(f)(v)(w) | Consumer Services | C+575 | 0.0% | 7/2/25 | C$ | 28.7 | 20.7 | 22.1 | |||||||||||||
| Propulsion Acquisition LLC |
(f)(l)(s)(t)(v) | Capital Goods | L+700 | 1.0% | 7/13/24 | $ | 60.8 | 56.6 | 61.5 | |||||||||||||
| PSKW LLC |
(i)(l)(s)(t)(v) | Health Care Equipment & Services | L+625 | 1.0% | 3/9/26 | 296.2 | 283.9 | 299.2 | ||||||||||||||
| Pure Fishing Inc |
(v)(aa) | Consumer Durables & Apparel | L+450 | 0.0% | 12/22/25 | 10.0 | 9.4 | 9.8 | ||||||||||||||
| Qdoba Restaurant Corp |
(m)(v)(aa) | Consumer Services | L+700 | 1.0% | 3/21/25 | 11.0 | 10.9 | 10.9 | ||||||||||||||
| Reliant Rehab Hospital Cincinnati LLC |
(f)(i)(l)(m)(s)(v) | Health Care Equipment & Services | L+675 | 0.0% | 9/2/24 | 160.9 | 152.1 | 158.8 | ||||||||||||||
| Revere Superior Holdings Inc |
(m)(v) | Software & Services | L+575 | 1.0% | 9/30/26 | 23.2 | 22.4 | 23.4 | ||||||||||||||
| Revere Superior Holdings Inc |
(x) | Software & Services | L+575 | 1.0% | 9/30/26 | 3.2 | 3.2 | 3.2 | ||||||||||||||
| RSC Insurance Brokerage Inc |
(v) | Insurance | L+550 | 1.0% | 9/30/26 | 2.7 | 2.6 | 2.7 | ||||||||||||||
| RSC Insurance Brokerage Inc |
(x) | Insurance | L+550 | 1.0% | 9/30/26 | 5.0 | 5.0 | 5.0 | ||||||||||||||
| RSC Insurance Brokerage Inc |
(f)(i)(k)(l)(m)(s)(v) | Insurance | L+550 | 1.0% | 10/30/26 | 215.5 | 206.4 | 217.7 | ||||||||||||||
| RSC Insurance Brokerage Inc |
(v) | Insurance | L+550 | 1.0% | 10/30/26 | 19.2 | 18.1 | 19.4 | ||||||||||||||
| RSC Insurance Brokerage Inc |
(x) | Insurance | L+550 | 1.0% | 10/30/26 | 29.4 | 29.4 | 29.7 | ||||||||||||||
| Safe-Guard Products International LLC |
(f)(i)(m)(s)(t)(v) | Diversified Financials | L+500 | 0.5% | 1/27/27 | 101.7 | 96.8 | 102.7 | ||||||||||||||
| Sequa Corp |
(m)(v)(aa) | Capital Goods | L+675, 0.0% PIK (1.0% Max PIK) | 1.0% | 11/28/23 | 16.0 | 15.2 | 16.2 | ||||||||||||||
| Sequa Corp |
(v) | Capital Goods | L+900, 0.0% PIK (9.5% Max PIK) | 1.0% | 7/31/25 | 16.4 | 15.9 | 17.3 | ||||||||||||||
| Sequel Youth & Family Services LLC |
(v) | Health Care Equipment & Services | L+450 | 1.0% | 9/1/23 | 6.2 | 6.0 | 6.2 | ||||||||||||||
| Sequel Youth & Family Services LLC |
(v)(y)(z) | Health Care Equipment & Services | L+700 | 1.0% | 9/1/23 | 29.2 | 19.3 | 11.4 | ||||||||||||||
| Sequel Youth & Family Services LLC |
(v)(y)(z) | Health Care Equipment & Services | L+800 | 1.0% | 9/1/23 | 170.0 | 112.4 | 66.6 | ||||||||||||||
| Sequential Brands Group Inc. |
(k)(l)(v) | Consumer Durables & Apparel | L+875 | 0.0% | 2/7/24 | 266.8 | 215.9 | 219.8 | ||||||||||||||
| SIRVA Worldwide Inc |
(v)(aa) | Commercial & Professional Services | L+550 | 0.0% | 8/4/25 | 7.2 | 6.2 | 6.8 | ||||||||||||||
| Sorenson Communications LLC |
(f)(k)(t)(v)(aa)(ac) | Telecommunication Services | L+550 | 0.8% | 3/17/26 | 63.4 | 59.9 | 64.0 | ||||||||||||||
| Spins LLC |
(m)(s)(t)(v) | Software & Services | L+575 | 1.0% | 1/20/27 | 61.0 | 57.3 | 60.8 | ||||||||||||||
| Spins LLC |
(x) | Software & Services | L+575 | 1.0% | 1/20/27 | 7.9 | 7.9 | 7.9 | ||||||||||||||
| Sungard Availability Services Capital Inc |
(v)(ac) | Software & Services | L+375, 3.8% PIK (3.8% Max PIK) | 1.0% | 7/1/24 | 3.7 | 3.6 | 3.9 | ||||||||||||||
| Sungard Availability Services Capital Inc |
(x)(ac) | Software & Services | L+375, 3.8% PIK (3.8% Max PIK) | 1.0% | 7/1/24 | 2.0 | 2.0 | 2.0 | ||||||||||||||
| Sweeping Corp of America Inc |
(m)(v) | Commercial & Professional Services | L+575 | 1.0% | 11/30/26 | 49.2 | 46.6 | 49.6 | ||||||||||||||
| Sweeping Corp of America Inc |
(x) | Commercial & Professional Services | L+575 | 1.0% | 11/30/26 | 6.9 | 6.9 | 6.9 | ||||||||||||||
| Sweeping Corp of America Inc |
(v) | Commercial & Professional Services | L+575 | 1.0% | 11/30/26 | 0.6 | 0.5 | 0.6 | ||||||||||||||
| Sweeping Corp of America Inc |
(x) | Commercial & Professional Services | L+575 | 1.0% | 11/30/26 | 5.1 | 5.1 | 5.1 | ||||||||||||||
| Tangoe LLC |
(f)(i)(m)(s)(v) | Software & Services | L+650 | 1.0% | 11/28/25 | 190.7 | 170.3 | 166.0 | ||||||||||||||
| ThermaSys Corp |
(v)(ac) | Capital Goods | L+1,100 PIK (L+1,100 Max PIK) | 1.0% | 1/1/24 | 8.0 | 8.3 | 3.8 | ||||||||||||||
See notes to unaudited consolidated financial statements.
11
FS KKR Capital Corp.
Unaudited Consolidated Schedule of Investments (continued)
As of June 30, 2021
(in millions, except share amounts)
| Portfolio Company(a) |
Footnotes | Industry |
Rate(b) | Floor(b) | Maturity | Principal Amount(c) |
Amortized Cost |
Fair Value(d) |
||||||||||||||
| ThreeSixty Group |
(m)(v) | Retailing | L+500, 2.5% PIK (2.5% Max PIK) | 1.5% | 3/1/23 | $ | 48.2 | $ | 47.9 | $ | 47.6 | |||||||||||
| ThreeSixty Group |
(m)(v) | Retailing | L+500, 2.5% PIK (2.5% Max PIK) | 1.5% | 3/1/23 | 47.9 | 47.6 | 47.3 | ||||||||||||||
| Total Safety US Inc |
(f)(aa) | Capital Goods | L+600 | 1.0% | 8/16/25 | 1.0 | 0.9 | 1.0 | ||||||||||||||
| Trace3 Inc |
(f)(i)(k)(l)(m)(s)(v) | Software & Services | L+675 | 1.0% | 8/3/24 | 250.6 | 237.8 | 250.6 | ||||||||||||||
| Transaction Services Group Ltd |
(v)(w) | Software & Services | B+600 | 0.0% | 10/15/26 | A$ | 80.3 | 55.3 | 58.9 | |||||||||||||
| Transaction Services Group Ltd |
(v)(w) | Software & Services | L+600 | 0.0% | 10/15/26 | $ | 36.0 | 34.0 | 35.2 | |||||||||||||
| Transaction Services Group Ltd |
(v)(w) | Software & Services | L+600 | 0.0% | 10/15/26 | £ | 13.9 | 17.6 | 18.7 | |||||||||||||
| Truck-Lite Co LLC |
(v) | Capital Goods | L+625 | 1.0% | 12/13/24 | $ | 1.8 | 1.6 | 1.8 | |||||||||||||
| Truck-Lite Co LLC |
(x) | Capital Goods | L+625 | 1.0% | 12/13/24 | 23.6 | 23.6 | 23.6 | ||||||||||||||
| Truck-Lite Co LLC |
(f)(i)(k)(m)(s)(v) | Capital Goods | L+625 | 1.0% | 12/14/26 | 269.4 | 257.7 | 271.6 | ||||||||||||||
| Warren Resources Inc |
(v)(ad) | Energy | L+900, 1.0% PIK (1.0% Max PIK) | 1.0% | 5/22/24 | 21.3 | 19.7 | 21.3 | ||||||||||||||
| West Corp |
(l)(aa) | Software & Services | L+350 | 1.0% | 10/10/24 | 2.6 | 2.3 | 2.5 | ||||||||||||||
| West Corp |
(s)(aa) | Software & Services | L+400 | 1.0% | 10/10/24 | 12.4 | 11.1 | 12.1 | ||||||||||||||
| Wheels Up Partners LLC |
(v) | Transportation | L+855 | 1.0% | 10/15/21 | 2.2 | 2.2 | 2.2 | ||||||||||||||
| Wheels Up Partners LLC |
(v) | Transportation | L+710 | 1.0% | 6/30/24 | 16.4 | 16.4 | 16.4 | ||||||||||||||
| Wheels Up Partners LLC |
(v) | Transportation | L+710 | 1.0% | 11/1/24 | 6.9 | 6.8 | 6.9 | ||||||||||||||
| Wheels Up Partners LLC |
(v) | Transportation | L+710 | 1.0% | 12/21/24 | 26.2 | 26.0 | 26.4 | ||||||||||||||
| Wheels Up Partners LLC |
(v) | Transportation | L+855 | 1.0% | 7/15/22 | 4.2 | 4.2 | 4.2 | ||||||||||||||
| Woolpert Inc |
(f)(k)(l)(m)(t)(v) | Capital Goods | L+600 | 1.0% | 4/5/28 | 146.2 | 138.5 | 144.7 | ||||||||||||||
| Woolpert Inc |
(x) | Capital Goods | L+600 | 1.0% | 4/5/28 | 73.1 | 73.1 | 72.4 | ||||||||||||||
|
|
|
|
|
|||||||||||||||||||
| Total Senior Secured Loans—First Lien |
8,914.1 | 9,139.1 | ||||||||||||||||||||
| Unfunded Loan Commitments |
(822.8 | ) | (822.8 | ) | ||||||||||||||||||
|
|
|
|
|
|||||||||||||||||||
| Net Senior Secured Loans—First Lien |
8,091.3 | 8,316.3 | ||||||||||||||||||||
|
|
|
|
|
|||||||||||||||||||
| Senior Secured Loans—Second Lien—23.9% |
||||||||||||||||||||||
| Advanced Lighting Technologies Inc |
(v) | Materials | L+600 | 1.0% | 3/16/27 | $ | 10.3 | 10.0 | 10.2 | |||||||||||||
| Ammeraal Beltech Holding BV |
(f)(s)(v)(w) | Capital Goods | L+800 | 1.0% | 9/12/26 | 51.3 | 46.2 | 50.2 | ||||||||||||||
| Amtek Global Technology Pte Ltd |
(g)(v)(w)(y)(z)(ad) | Automobiles & Components | E+500 PIK (E+500 Max PIK) | 0.0% | 4/4/24 | € | 33.9 | 38.8 | 1.7 | |||||||||||||
| BCA Marketplace PLC |
(v)(w) | Retailing | L+825 | 0.0% | 11/22/27 | £ | 28.0 | 36.7 | 39.1 | |||||||||||||
| Belk Inc |
(v)(y)(z)(ac) | Retailing | 10.0% PIK (10.0% Max PIK) | 7/31/25 | $ | 24.3 | 4.2 | 4.0 | ||||||||||||||
| Byrider Finance LLC |
(u)(v) | Automobiles & Components | L+1,000, 0.5% PIK (0.5% Max PIK) | 1.3% | 6/7/22 | 54.1 | 51.4 | 54.2 | ||||||||||||||
| Constellis Holdings LLC |
(f)(v)(ac) | Capital Goods | L+100, 10.0% PIK (10.0% Max PIK) | 1.0% | 3/27/25 | 13.5 | 12.4 | 13.5 | ||||||||||||||
| Cubic Corp |
(v) | Software & Services | L+763 | 0.8% | 5/25/29 | 54.8 | 51.6 | 54.0 | ||||||||||||||
| Culligan International Co |
(m)(v) | Household & Personal Products | L+850 | 1.0% | 12/13/24 | 85.0 | 84.5 | 85.0 | ||||||||||||||
| Datatel Inc |
(v) | Software & Services | L+800 | 1.0% | 10/9/28 | 179.2 | 169.7 | 180.5 | ||||||||||||||
| Excelitas Technologies Corp |
(l)(aa) | Technology Hardware & Equipment | L+750 | 1.0% | 12/1/25 | 6.6 | 6.1 | 6.7 | ||||||||||||||
| Fairway Group Holdings Corp |
(v)(y)(z)(ac) | Food & Staples Retailing | L+1,100 PIK (L+1,100 Max PIK) | 2/24/24 | 6.9 | — | — | |||||||||||||||
| Gruden Acquisition Inc |
(s)(v)(aa) | Transportation | L+850 | 1.0% | 8/18/23 | 35.0 | 32.8 | 35.0 | ||||||||||||||
| Misys Ltd |
(v)(w)(aa) | Software & Services | L+725 | 1.0% | 6/13/25 | 21.8 | 20.3 | 22.1 | ||||||||||||||
| NBG Home |
(v) | Consumer Durables & Apparel | L+1,275 PIK (L+1,275 Max PIK) | 1.0% | 9/30/24 | 29.4 | 26.2 | 21.3 | ||||||||||||||
| NEP Broadcasting LLC |
(v)(aa) | Media & Entertainment | L+700 | 0.0% | 10/19/26 | 6.8 | 6.1 | 6.7 | ||||||||||||||
| OEConnection LLC |
(f)(s)(v) | Software & Services | L+825 | 0.0% | 9/25/27 | 77.0 | 73.3 | 77.0 | ||||||||||||||
| Ontic Engineering & Manufacturing Inc |
(f)(t)(v) | Capital Goods | L+850 | 0.0% | 10/29/27 | 26.8 | 24.9 | 27.1 | ||||||||||||||
See notes to unaudited consolidated financial statements.
12
FS KKR Capital Corp.
Unaudited Consolidated Schedule of Investments (continued)
As of June 30, 2021
(in millions, except share amounts)
| Portfolio Company(a) |
Footnotes | Industry |
Rate(b) | Floor(b) | Maturity | Principal Amount(c) |
Amortized Cost |
Fair Value(d) |
||||||||||||||
| Paradigm Acquisition Corp |
(l)(v)(aa) | Health Care Equipment & Services | L+750 | 0.0% | 10/26/26 | $ | 2.3 | $ | 2.2 | $ | 2.3 | |||||||||||
| Peraton Corp |
(v) | Capital Goods | L+775 | 0.8% | 2/1/29 | 156.4 | 149.6 | 154.1 | ||||||||||||||
| Peraton Corp |
(s)(v) | Capital Goods | L+800 | 1.0% | 2/1/29 | 175.0 | 164.9 | 176.3 | ||||||||||||||
| Petrochoice Holdings Inc |
(v) | Capital Goods | L+875 | 1.0% | 8/21/23 | 65.0 | 64.3 | 57.0 | ||||||||||||||
| Polyconcept North America Inc |
(v) | Household & Personal Products | 11.0% PIK (11.0% Max PIK) | 2/16/24 | 9.5 | 9.4 | 8.9 | |||||||||||||||
| Pretium Packaging LLC |
(m)(s)(v) | Household & Personal Products | L+825 | 0.8% | 11/6/28 | 15.1 | 14.4 | 15.4 | ||||||||||||||
| Pure Fishing Inc |
(f)(m)(v) | Consumer Durables & Apparel | L+838 | 1.0% | 12/31/26 | 177.0 | 170.1 | 176.9 | ||||||||||||||
| Rise Baking Company |
(f)(l)(m)(v) | Food, Beverage & Tobacco | L+800 | 1.0% | 8/9/26 | 48.8 | 46.9 | 47.9 | ||||||||||||||
| Sequa Corp |
(m)(v)(aa) | Capital Goods | L+1,075, 0.0% PIK (6.8% Max PIK) | 1.0% | 4/28/24 | 5.9 | 5.7 | 5.8 | ||||||||||||||
| SIRVA Worldwide Inc |
(v)(aa) | Commercial & Professional Services | L+950 | 0.0% | 8/3/26 | 6.5 | 5.3 | 5.8 | ||||||||||||||
| Solera LLC |
(v) | Software & Services | L+800 | 1.0% | 6/4/29 | 261.6 | 243.2 | 253.8 | ||||||||||||||
| Sorenson Communications LLC |
(m)(s)(u)(v)(ac) | Telecommunication Services | L+1,150 PIK (L+1,150 Max PIK) | 3/17/26 | 6.9 | 6.5 | 6.9 | |||||||||||||||
| Sungard Availability Services Capital Inc |
(v)(ac) | Software & Services | L+400, 2.8% PIK (2.8% Max PIK) | 1.0% | 8/1/24 | 14.4 | 13.4 | 14.3 | ||||||||||||||
| Vantage Specialty Chemicals Inc |
(v)(aa) | Materials | L+825 | 1.0% | 10/27/25 | 0.8 | 0.7 | 0.7 | ||||||||||||||
| Vestcom International Inc |
(m)(v) | Consumer Services | L+800 | 1.0% | 12/19/24 | 70.5 | 70.2 | 70.5 | ||||||||||||||
| WireCo WorldGroup Inc |
(m)(v)(aa) | Capital Goods | L+900 | 1.0% | 9/30/24 | 16.2 | 14.7 | 15.7 | ||||||||||||||
| Wittur Holding GmbH |
(v)(w) | Capital Goods | E+850, 0.5% PIK (0.5% Max PIK) | 0.0% | 9/23/27 | € | 112.5 | 120.0 | 127.0 | |||||||||||||
|
|
|
|
|
|||||||||||||||||||
| Total Senior Secured Loans—Second Lien |
1,796.7 | 1,827.6 | ||||||||||||||||||||
|
|
|
|
|
|||||||||||||||||||
| Other Senior Secured Debt—2.4% |
||||||||||||||||||||||
| Angelica Corp |
(h)(y)(z) | Health Care Equipment & Services | 10.0% PIK (10.0% Max PIK) | 12/30/22 | $ | 50.8 | 42.3 | 28.0 | ||||||||||||||
| Black Swan Energy Ltd |
(v)(w) | Energy | 9.0% | 1/20/24 | 10.0 | 9.7 | 10.0 | |||||||||||||||
| JW Aluminum Co |
(s)(v)(aa)(ad) | Materials | 10.3% | 6/1/26 | 76.5 | 75.4 | 80.7 | |||||||||||||||
| One Call Care Management Inc |
(v)(ad) | Health Care Equipment & Services | 8.5% PIK (8.5% Max PIK) | 11/1/28 | 45.1 | 42.4 | 43.7 | |||||||||||||||
| TruckPro LLC |
(v)(aa) | Capital Goods | 11.0% | 10/15/24 | 9.2 | 9.1 | 10.1 | |||||||||||||||
| Velvet Energy Ltd |
(v)(w) | Energy | 9.0% | 10/5/23 | 15.0 | 13.7 | 13.3 | |||||||||||||||
|
|
|
|
|
|||||||||||||||||||
| Total Other Senior Secured Debt |
192.6 | 185.8 | ||||||||||||||||||||
|
|
|
|
|
|||||||||||||||||||
| Subordinated Debt—1.3% |
||||||||||||||||||||||
| Ardonagh Group Ltd |
(v)(w)(aa) | Insurance | 12.8% PIK (12.8% Max PIK) | 1/15/27 | 0.8 | 0.8 | 0.9 | |||||||||||||||
| ClubCorp Club Operations Inc |
(v)(aa) | Consumer Services | 8.5% | 9/15/25 | 37.3 | 35.2 | 36.8 | |||||||||||||||
| Hilding Anders |
(v)(w)(y)(ad) | Consumer Durables & Apparel | € | 24.8 | 26.9 | — | ||||||||||||||||
| Hilding Anders |
(v)(w)(y)(ad) | Consumer Durables & Apparel | 110.5 | — | — | |||||||||||||||||
| Hilding Anders |
(v)(w)(y)(z)(ad) | Consumer Durables & Apparel | 13.0% PIK (13.0% Max PIK) | 11/30/25 | 126.0 | 99.4 | 55.4 | |||||||||||||||
| Home Partners of America Inc |
(v)(ac) | Real Estate | L+625 | 1.0% | 10/8/22 | $ | 3.5 | 3.5 | 3.5 | |||||||||||||
| Intelsat Jackson Holdings SA |
(v)(w)(y)(z)(aa) | Media & Entertainment | 5.5% | 8/1/23 | 3.7 | 2.0 | 2.1 | |||||||||||||||
|
|
|
|
|
|||||||||||||||||||
| Total Subordinated Debt |
167.8 | 98.7 | ||||||||||||||||||||
|
|
|
|
|
|||||||||||||||||||
See notes to unaudited consolidated financial statements.
13
FS KKR Capital Corp.
Unaudited Consolidated Schedule of Investments (continued)
As of June 30, 2021
(in millions, except share amounts)
| Portfolio Company(a) |
Footnotes | Industry |
Rate(b) | Floor(b) | Maturity | Principal Amount(c)/ Shares |
Amortized Cost |
Fair Value(d) |
||||||||||||||
| Asset Based Finance—24.9% |
||||||||||||||||||||||
| 801 5th Ave, Seattle, Private Equity |
(v)(w)(y)(ad) | Real Estate | 8,554,983 | $ | 14.1 | $ | 22.0 | |||||||||||||||
| 801 5th Ave, Seattle, Structure Mezzanine |
(v)(w)(ad) | Real Estate | 8.0%, 3.0% PIK (3.0% Max PIK) | 12/19/29 | $ | 55.5 | 53.4 | 55.5 | ||||||||||||||
| Abacus JV, Private Equity |
(v)(w) | Insurance | 40,241,018 | 39.2 | 42.5 | |||||||||||||||||
| Accelerator Investments Aggregator LP, Private Equity |
(v)(w)(y) | Diversified Financials | 5,397,365 | 6.3 | 4.7 | |||||||||||||||||
| Altavair AirFinance, Private Equity |
(v)(w) | Capital Goods | 118,091,072 | 119.0 | 130.4 | |||||||||||||||||
| Australis Maritime, Common Stock |
(v)(w) | Transportation | 49,115,701 | 47.4 | 49.8 | |||||||||||||||||
| Avida Holding AB, Common Stock |
(v)(w)(y)(ad) | Diversified Financials | 405,023,756 | 44.0 | 47.1 | |||||||||||||||||
| Bank of Ireland, Class B Credit Linked Floating Rate Note |
(g)(w) | Banks | L+1,185 | 12/4/27 | $ | 14.7 | 14.7 | 14.3 | ||||||||||||||
| Byrider Finance LLC, Structured Mezzanine |
(v) | Automobiles & Components | L+1,050 | 0.3% | 6/3/28 | $ | 3.7 | 3.7 | 3.7 | |||||||||||||
| Byrider Finance LLC, Structured Mezzanine |
(x) | Automobiles & Components | L+1,050 | 0.3% | 6/3/28 | $ | 19.3 | 19.3 | 19.3 | |||||||||||||
| Callodine Commercial Finance LLC, 2L Term Loan A |
(v) | Diversified Financials | L+900 | 1.0% | 11/3/25 | $ | 125.0 | 117.3 | 123.9 | |||||||||||||
| Callodine Commercial Finance LLC, 2L Term Loan B |
(x) | Diversified Financials | L+900 | 1.0% | 11/3/25 | $ | 40.3 | 40.3 | 40.0 | |||||||||||||
| Capital Automotive LP, Private Equity |
(v)(w) | Real Estate | 21,640,936 | 23.7 | 27.8 | |||||||||||||||||
| Capital Automotive LP, Structured Mezzanine |
(v)(w) | Real Estate | 11.0% | 12/22/28 | $ | 42.8 | 41.0 | 42.9 | ||||||||||||||
| Global Jet Capital LLC, Preferred Stock |
(j)(u)(v)(y) | Commercial & Professional Services | 149,494,590 | 69.4 | — | |||||||||||||||||
| Global Jet Capital LLC, Structured Mezzanine |
(v) | Commercial & Professional Services | 15.0% PIK (15.0% Max PIK) | 9/3/25 | $ | 5.6 | 4.5 | 4.7 | ||||||||||||||
| Global Jet Capital LLC, Structured Mezzanine |
(v) | Commercial & Professional Services | 15.0% PIK (15.0% Max PIK) | 4/30/25 | $ | 27.3 | 21.7 | 22.6 | ||||||||||||||
| Global Jet Capital LLC, Structured Mezzanine |
(j)(u)(v)(w) | Commercial & Professional Services | 15.0% PIK (15.0% Max PIK) | 12/4/25 | $ | 261.3 | 212.2 | 215.9 | ||||||||||||||
| Global Jet Capital LLC, Structured Mezzanine |
(v) | Commercial & Professional Services | 15.0% PIK (15.0% Max PIK) | 1/30/25 | $ | 4.3 | 3.4 | 3.5 | ||||||||||||||
| Global Jet Capital LLC, Structured Mezzanine |
(v) | Commercial & Professional Services | 15.0% PIK (15.0% Max PIK) | 12/2/26 | $ | 48.4 | 39.1 | 40.0 | ||||||||||||||
| Global Jet Capital LLC, Structured Mezzanine |
(v) | Commercial & Professional Services | 15.0% PIK (15.0% Max PIK) | 2/17/26 | $ | 24.6 | 18.7 | 20.3 | ||||||||||||||
| Global Jet Capital LLC, Structured Mezzanine |
(v)(m) | Commercial & Professional Services | 15.0% PIK (15.0% Max PIK) | 4/14/26 | $ | 38.1 | 31.4 | 31.5 | ||||||||||||||
| Global Jet Capital LLC, Structured Mezzanine |
(v) | Commercial & Professional Services | 15.0% PIK (15.0% Max PIK) | 9/29/25 | $ | 5.3 | 4.2 | 4.4 | ||||||||||||||
| Global Jet Capital LLC, Structured Mezzanine |
(j)(u)(v)(m)(w) | Commercial & Professional Services | 15.0% PIK (15.0% Max PIK) | 1/29/26 | $ | 22.4 | 18.2 | 18.5 | ||||||||||||||
| Global Jet Capital LLC, Structured Mezzanine |
(j)(u)(v)(w) | Commercial & Professional Services | 15.0% PIK (15.0% Max PIK) | 12/9/25 | $ | 42.7 | 34.7 | 35.3 | ||||||||||||||
| Global Lending Services LLC, Private Equity |
(v)(m) | Diversified Financials | 18,291,830 | 20.5 | 20.9 | |||||||||||||||||
| Global Lending Services LLC, Private Equity |
(v)(w) | Diversified Financials | 14,670,021 | 16.6 | 18.6 | |||||||||||||||||
| Home Partners JV, Structured Mezzanine |
(v)(w)(ac) | Real Estate | 11.0% PIK (11.0% Max PIK) | 3/25/29 | $ | 85.4 | 80.3 | 85.4 | ||||||||||||||
| Home Partners JV, Private Equity |
(v)(w)(y)(ac) | Real Estate | 4,127,355 | 5.4 | 6.3 | |||||||||||||||||
| Home Partners JV, Common Stock |
(v)(w)(y)(ac) | Real Estate | 32,659,547 | 47.6 | 53.8 | |||||||||||||||||
| Home Partners JV 2, Structured Mezzanine |
(v)(w)(ac) | Real Estate | 11.0% PIK (11.0% Max PIK) | 3/20/30 | $ | 1.3 | 1.2 | 1.3 | ||||||||||||||
| Home Partners JV 2, Structured Mezzanine |
(w)(x)(ac) | Real Estate | 11.0% PIK (11.0% Max PIK) | 3/20/30 | $ | 15.6 | 15.6 | 15.6 | ||||||||||||||
| Home Partners JV 2, Private Equity |
(v)(w)(y)(ac) | Real Estate | 23,006 | 0.0 | 0.0 | |||||||||||||||||
| Home Partners JV 2, Private Equity |
(v)(w)(y)(ac) | Real Estate | 609,751 | 0.6 | 0.6 | |||||||||||||||||
| Jet Edge International LLC, Term Loan |
(v) | Transportation | 10.0%, 2.0% PIK (2.0% Max PIK) | 4/2/26 | $ | 20.2 | 19.3 | 20.0 | ||||||||||||||
| Jet Edge International LLC, Term Loan |
(x) | Transportation | 10.0%, 2.0% PIK (2.0% Max PIK) | 4/2/26 | $ | 32.1 | 32.1 | 31.7 | ||||||||||||||
| Kilter Finance, Private Equity |
(v)(w)(y)(ad) | Insurance | 536,709 | 0.5 | 0.5 | |||||||||||||||||
| Kilter Finance, Preferred Stock |
(v)(w)(ad) | Insurance | 6.0%, 6.0% PIK (6.0% Max PIK) | 34,060,490 | 32.6 | 34.1 | ||||||||||||||||
| KKR Central Park Leasing Aggregator L.P., Partnership Interest |
(v)(w)(y)(z) | Capital Goods | 5/31/23 | N/A | 39.1 | 28.1 | ||||||||||||||||
See notes to unaudited consolidated financial statements.
14
FS KKR Capital Corp.
Unaudited Consolidated Schedule of Investments (continued)
As of June 30, 2021
(in millions, except share amounts)
| Portfolio Company(a) |
Footnotes | Industry |
Rate(b) | Floor(b) | Maturity | Principal Amount(c)/ Shares |
Amortized Cost |
Fair Value(d) |
||||||||||||||||||||||
| KKR Zeno Aggregator LP (K2 Aviation), Partnership Interest |
(v)(w)(y) | Capital Goods | 23,664,954 | $ | 23.0 | $ | 22.7 | |||||||||||||||||||||||
| Lenovo Group Ltd, Structured Mezzanine |
(v)(w) | Technology Hardware & Equipment | 8.0% | 6/22/22 | € | 9.3 | 10.4 | 11.0 | ||||||||||||||||||||||
| Lenovo Group Ltd, Structured Mezzanine |
(v)(w) | Technology Hardware & Equipment | 8.0% | 6/22/22 | $ | 19.5 | 18.0 | 19.5 | ||||||||||||||||||||||
| Lenovo Group Ltd, Structured Mezzanine |
(v)(w) | Technology Hardware & Equipment | 12.0% | 6/22/22 | $ | 12.4 | 11.4 | 12.4 | ||||||||||||||||||||||
| Lenovo Group Ltd, Structured Mezzanine |
(v)(w) | Technology Hardware & Equipment | 12.0% | 6/22/22 | € | 5.9 | 6.6 | 7.0 | ||||||||||||||||||||||
| Luxembourg Life Fund—Absolute Return Fund III, Term Loan |
(v)(w) | Insurance | L+925 | 0.0% | 5/27/26 | $ | 6.9 | 6.5 | 6.9 | |||||||||||||||||||||
| Luxembourg Life Fund—Absolute Return Fund III, Term Loan |
(w)(x) | Insurance | L+925 | 0.0% | 5/27/26 | $ | 1.1 | 1.1 | 1.1 | |||||||||||||||||||||
| Luxembourg Life Fund—Long Term Growth Fund, Term Loan |
(v)(w) | Insurance | L+925 | 0.0% | 4/1/23 | $ | 19.1 | 18.3 | 19.0 | |||||||||||||||||||||
| Music IP, Private Equity |
(v)(w) | Media & Entertainment | 35,149,102 | 33.7 | 35.2 | |||||||||||||||||||||||||
| NewStar Clarendon 2014-1A Class D |
(v)(w)(y) | Diversified Financials | 1/25/27 | $ | 8.3 | 2.6 | 2.9 | |||||||||||||||||||||||
| Opendoor Labs Inc, 2L Term Loan |
(v)(w) | Real Estate | 10.0% | 1/23/26 | $ | 151.0 | 148.9 | 151.0 | ||||||||||||||||||||||
| Orchard Marine Limited, Class B Common Stock |
(v)(w)(y)(ac) | Transportation | 1,964 | 3.1 | — | |||||||||||||||||||||||||
| Orchard Marine Limited, Series A Preferred Stock |
(v)(w)(y)(ac) | Transportation | 62,976 | 62.0 | 32.5 | |||||||||||||||||||||||||
| Pretium Partners LLC P1, Structured Mezzanine |
(v)(w) | Real Estate | 2.8%, 5.3% PIK (5.3% Max PIK) | 10/22/26 | $ | 6.7 | 6.2 | 6.7 | ||||||||||||||||||||||
| Pretium Partners LLC P2, Structured Mezzanine |
(v)(w) | Real Estate | 2.0%, 7.5% PIK (7.5% Max PIK) | 5/29/25 | $ | 15.3 | 14.2 | 15.5 | ||||||||||||||||||||||
| Prime ST LLC, Private Equity |
(v)(w)(y)(ad) | Real Estate | 6,634,509 | 8.3 | 10.6 | |||||||||||||||||||||||||
| Prime ST LLC, Structured Mezzanine |
(v)(w)(ad) | Real Estate | 5.0%, 6.0% PIK (6.0% Max PIK) | 3/12/30 | $ | 49.4 | 47.3 | 49.4 | ||||||||||||||||||||||
| Star Mountain Diversified Credit Income Fund III, LP, Private Equity |
(o)(w) | Diversified Financials | 21,000,000 | 21.0 | 20.7 | |||||||||||||||||||||||||
| Wind River CLO Ltd. 2012 1A Class Subord. B |
(v)(w)(y) | Diversified Financials | 1/15/26 | $ | 42.5 | 13.8 | 0.5 | |||||||||||||||||||||||
| Toorak Capital Funding LLC, Membership Interest |
(v)(w)(y)(ad) | Real Estate | N/A | 1.9 | 1.7 | |||||||||||||||||||||||||
| Toorak Capital Partners LLC, Private Equity |
(v)(ad) | Real Estate | N/A | 198.2 | 249.4 | |||||||||||||||||||||||||
| Toorak Capital Partners LLC, Structured Mezzanine |
(x)(ad) | Real Estate | L+650 PIK (L+650 Max PIK) | 11/11/21 | $ | 20.0 | 20.0 | 20.0 | ||||||||||||||||||||||
|
|
|
|
|
|||||||||||||||||||||||||||
| Total Asset Based Finance |
2,028.8 | 2,033.2 | ||||||||||||||||||||||||||||
| Unfunded commitments |
(128.4 | ) | (128.4 | ) | ||||||||||||||||||||||||||
|
|
|
|
|
|||||||||||||||||||||||||||
| Net Asset Based Finance |
1,900.4 | 1,904.8 | ||||||||||||||||||||||||||||
|
|
|
|
|
|||||||||||||||||||||||||||
| Credit Opportunities JV, LLC—18.2% |
||||||||||||||||||||||||||||||
| Credit Opportunities Partners JV, LLC |
(v)(w)(ad) | Diversified Financials | $ | 1,462.3 | 1,396.7 | 1,396.1 | ||||||||||||||||||||||||
|
|
|
|
|
|||||||||||||||||||||||||||
| Total Credit Opportunities Partners JV, LLC |
1,396.7 | 1,396.1 | ||||||||||||||||||||||||||||
|
|
|
|
|
|||||||||||||||||||||||||||
| Portfolio Company(a) |
Footnotes | Industry |
Rate(b) | Floor(b) | Maturity | Number of Shares |
Amortized Cost |
Fair Value(d) |
||||||||||||||||||||||
| Equity/Other—13.1%(e) |
||||||||||||||||||||||||||||||
| Abaco Energy Technologies LLC, Common Stock |
(v)(y) | Energy | 3,055,556 | $ | 0.2 | $ | 0.3 | |||||||||||||||||||||||
| Abaco Energy Technologies LLC, Preferred Stock |
(v)(y) | Energy | 12,734,481 | 1.5 | 1.6 | |||||||||||||||||||||||||
| Alion Science & Technology Corp, Class A Membership Interest |
(v)(y) | Capital Goods | 7,350,267 | 7.4 | 14.2 | |||||||||||||||||||||||||
See notes to unaudited consolidated financial statements.
15
FS KKR Capital Corp.
Unaudited Consolidated Schedule of Investments (continued)
As of June 30, 2021
(in millions, except share amounts)
| Portfolio Company(a) |
Footnotes | Industry |
Rate(b) | Floor(b) | Maturity | Number of Shares |
Amortized Cost |
Fair Value(d) |
||||||||||||||
| Amtek Global Technology Pte Ltd, Common Stock |
(g)(v)(w)(y)(ad) | Automobiles & Components | 7,046,126 | $ | — | $ | — | |||||||||||||||
| Amtek Global Technology Pte Ltd, Ordinary Shares |
(g)(w)(y)(ad) | Automobiles & Components | 5,735,804,056 | 30.7 | — | |||||||||||||||||
| Amtek Global Technology Pte Ltd, Private Equity |
(g)(w)(y)(ad) | Automobiles & Components | 4,097 | — | — | |||||||||||||||||
| Angelica Corp, Limited Partnership Interest |
(h)(y) | Health Care Equipment & Services | 877,044 | 47.6 | — | |||||||||||||||||
| Ap Plasman Inc, Warrant |
(v)(w)(y) | Capital Goods | 5/25/26 | 6,985 | 2.5 | — | ||||||||||||||||
| Arcos LLC/VA, Preferred Stock |
(v) | Software & Services | L+950 PIK (L+950 Max PIK) | 1.0% | 4/30/31 | 15,000,000 | 13.9 | 14.6 | ||||||||||||||
| Ardonagh Ltd, Ordinary Shares |
(v)(w)(y) | Insurance | 16,450 | — | — | |||||||||||||||||
| Ardonagh Ltd, Ordinary Shares |
(v)(w)(y) | Insurance | 116,814 | 0.2 | 0.2 | |||||||||||||||||
| Ardonagh Ltd, Preferred Stock |
(v)(w)(y) | Insurance | 6,113,719 | 9.1 | 12.1 | |||||||||||||||||
| Arena Energy LP, Warrants |
(v)(y) | Energy | 68,186,525 | 0.4 | 0.4 | |||||||||||||||||
| Ascent Resources Utica Holdings LLC / ARU Finance Corp, Common Stock |
(p)(y) | Energy | 10,193 | 9.7 | 2.3 | |||||||||||||||||
| Ascent Resources Utica Holdings LLC / ARU Finance Corp, Trade Claim |
(p)(y) | Energy | 86,607,143 | 19.4 | 19.7 | |||||||||||||||||
| Aspect Software Inc, Common Stock |
(l)(s)(v)(y) | Software & Services | 1,309,955 | 2.3 | 2.6 | |||||||||||||||||
| Aspect Software Inc, Warrant |
(l)(s)(v)(y) | Software & Services | 1/15/24 | 181,730 | 0.3 | 0.4 | ||||||||||||||||
| ATX Networks Corp, Common Stock |
(v)(w)(y) | Technology Hardware & Equipment | 156,123 | — | — | |||||||||||||||||
| AVF Parent LLC, Trade Claim |
(v)(y) | Retailing | 44,507 | — | — | |||||||||||||||||
| Belk Inc, Common Stock |
(v)(y)(ac) | Retailing | 94,950 | — | — | |||||||||||||||||
| Borden (New Dairy Opco), Common Stock |
(h)(n)(y)(ac) | Food, Beverage & Tobacco | 11,167,000 | 9.1 | 9.5 | |||||||||||||||||
| Catalina Marketing Corp, Common Stock |
(v)(y) | Media & Entertainment | 6,522 | — | — | |||||||||||||||||
| CDS US Intermediate Holdings Inc, Warrant |
(v)(w)(y) | Media & Entertainment | 2,023,714 | — | — | |||||||||||||||||
| Cengage Learning, Inc, Common Stock |
(v)(y) | Media & Entertainment | 227,802 | 7.5 | 4.6 | |||||||||||||||||
| Charlotte Russe Inc, Common Stock |
(v)(y)(ac) | Retailing | 22,575 | 12.5 | — | |||||||||||||||||
| Chisholm Oil & Gas Operating LLC, Series A Units |
(n)(o)(v)(y) | Energy | 300,000 | 0.1 | — | |||||||||||||||||
| Cimarron Energy Inc, Common Stock |
(v)(y) | Energy | 4,302,293 | — | — | |||||||||||||||||
| Cimarron Energy Inc, Participation Option |
(v)(y) | Energy | 25,000,000 | — | — | |||||||||||||||||
| Constellis Holdings LLC, Private Equity |
(f)(v)(y)(ac) | Capital Goods | 849,702 | 10.3 | 11.2 | |||||||||||||||||
| Crossmark Holdings Inc, Warrant |
(v)(y) | Commercial & Professional Services | 8,358 | — | — | |||||||||||||||||
| CTI Foods Holding Co LLC, Common Stock |
(v)(y) | Food, Beverage & Tobacco | 5,892 | 0.7 | 0.1 | |||||||||||||||||
| Cubic Corp, Preferred Stock |
(v) | Software & Services | 11.0% PIK (11.0% MAX PIK) | 12/31/69 | 42,141,600 | 39.7 | 41.5 | |||||||||||||||
| Empire Today LLC, Common Stock |
(v) | Retailing | 1,005 | 5.7 | 8.0 | |||||||||||||||||
| Envigo Laboratories Inc, Series A Warrant |
(s)(y) | Health Care Equipment & Services | 4/29/24 | 10,924 | — | — | ||||||||||||||||
| Envigo Laboratories Inc, Series B Warrant |
(s)(y) | Health Care Equipment & Services | 4/29/24 | 17,515 | — | — | ||||||||||||||||
| Fairway Group Holdings Corp, Common Stock |
(v)(y)(ac) | Food & Staples Retailing | 103,091 | — | — | |||||||||||||||||
| Fox Head Inc, Common Stock |
(j)(v)(y) | Consumer Durables & Apparel | 10,000,000 | 8.0 | 8.7 | |||||||||||||||||
| Fronton BV, Common Stock |
(o)(y)(ac) | Consumer Services | 14,943 | — | 1.6 | |||||||||||||||||
| Genesys Telecommunications Laboratories Inc, Class A Shares |
(v)(y) | Technology Hardware & Equipment | 40,529 | — | — | |||||||||||||||||
| Genesys Telecommunications Laboratories Inc, Ordinary Shares |
(v)(y) | Technology Hardware & Equipment | 41,339 | — | — | |||||||||||||||||
| Genesys Telecommunications Laboratories Inc, Preferred Stock |
(v)(y) | Technology Hardware & Equipment | 1,050,465 | — | — | |||||||||||||||||
See notes to unaudited consolidated financial statements.
16
FS KKR Capital Corp.
Unaudited Consolidated Schedule of Investments (continued)
As of June 30, 2021
(in millions, except share amounts)
| Portfolio Company(a) |
Footnotes | Industry |
Rate(b) | Floor(b) | Maturity | Number of Shares |
Amortized Cost |
Fair Value(d) |
||||||||||||||
| Harvey Industries Inc, Common Stock |
(v)(y) | Capital Goods | 5,000,000 | $ | 2.2 | $ | 4.5 | |||||||||||||||
| Hilding Anders, Class C Common Stock |
(v)(w)(y)(ad) | Consumer Durables & Apparel | 213,201 | — | — | |||||||||||||||||
| Hilding Anders, Class B Common Stock |
(v)(w)(y)(ad) | Consumer Durables & Apparel | 574,791 | 0.0 | — | |||||||||||||||||
| Hilding Anders, Class A Common Stock |
(v)(w)(y)(ad) | Consumer Durables & Apparel | 4,503,411 | 0.1 | — | |||||||||||||||||
| Hilding Anders, Equity Options |
(v)(w)(y)(ad) | Consumer Durables & Apparel | 11/30/25 | 236,160,807 | 15.0 | — | ||||||||||||||||
| HM Dunn Co Inc, Preferred Stock, Series A |
(s)(v)(y)(ad) | Capital Goods | 15,000 | — | — | |||||||||||||||||
| HM Dunn Co Inc, Preferred Stock, Series B |
(s)(v)(y)(ad) | Capital Goods | 15,000 | — | — | |||||||||||||||||
| Home Partners of America Inc, Common Stock |
(v)(y)(ac) | Real Estate | 81,625 | 83.6 | 208.1 | |||||||||||||||||
| Home Partners of America Inc, Warrant |
(v)(y)(ac) | Real Estate | 8/7/24 | 2,675 | 0.3 | 4.2 | ||||||||||||||||
| Imagine Communications Corp, Common Stock |
(v)(y) | Media & Entertainment | 33,034 | 3.8 | 3.0 | |||||||||||||||||
| Jones Apparel Holdings, Inc., Common Stock |
(v)(y) | Consumer Durables & Apparel | 5,451 | 0.9 | — | |||||||||||||||||
| JW Aluminum Co, Common Stock |
(j)(u)(v)(y)(ad) | Materials | 2,105 | 0.0 | — | |||||||||||||||||
| JW Aluminum Co, Preferred Stock |
(j)(u)(v)(ad) | Materials | 12.5% PIK (12.5% Max PIK) | 2/15/28 | 15,279 | 162.6 | 111.0 | |||||||||||||||
| Maverick Natural Resources LLC, Common Stock |
(n)(o)(y) | Energy | 259,211 | 84.4 | 115.4 | |||||||||||||||||
| MB Precision Holdings LLC, Class A—2 Units |
(n)(o)(y) | Capital Goods | 8,081,288 | 0.5 | — | |||||||||||||||||
| Miami Beach Medical Group LLC, Common Stock |
(v)(y) | Health Care Equipment & Services | 5,000,000 | 4.8 | 5.2 | |||||||||||||||||
| Micronics Filtration Holdings Inc, Common Stock |
(v)(y)(ac) | Capital Goods | 53,073 | 0.6 | — | |||||||||||||||||
| Micronics Filtration Holdings Inc, Preferred Stock, Series A |
(v)(y)(ac) | Capital Goods | 55 | 0.6 | — | |||||||||||||||||
| Micronics Filtration Holdings Inc, Preferred Stock, Series B |
(v)(y)(ac) | Capital Goods | 23 | 0.2 | — | |||||||||||||||||
| Micronics Filtration Holdings Inc, Preferred Stock, Series B PIK |
(v)(y)(ac) | Capital Goods | 112,780 | — | — | |||||||||||||||||
| Micronics Filtration Holdings Inc, Preferred Stock, Series C PIK |
(v))(y)(ac) | Capital Goods | 54,000 | — | — | |||||||||||||||||
| Misys Ltd, Preferred Stock |
(v)(w) | Software & Services | L+1,025 PIK (L+1,025 Max PIK) | 64,566,128 | 58.9 | 63.9 | ||||||||||||||||
| NBG Home, Common Stock |
(v)(y) | Consumer Durables & Apparel | 1,903 | 2.6 | 0.2 | |||||||||||||||||
| Nine West Holdings Inc, Common Stock |
(v)(y) | Consumer Durables & Apparel | 5,451 | 6.5 | — | |||||||||||||||||
| One Call Care Management Inc, Common Stock |
(v)(y)(ad) | Health Care Equipment & Services | 69,745 | 4.6 | 4.4 | |||||||||||||||||
| One Call Care Management Inc, Preferred Stock A |
(v)(y)(ad) | Health Care Equipment & Services | 743,985 | 48.5 | 47.4 | |||||||||||||||||
| One Call Care Management Inc, Preferred Stock B |
(v)(ad) | Health Care Equipment & Services | 9.0% PIK (9.0% MAX PIK) | 10/25/29 | 15,344,693 | 15.8 | 17.7 | |||||||||||||||
| Petroplex Acidizing Inc, Preferred Stock A |
(v)(ac) | Energy | 24,888,439 | 4.8 | — | |||||||||||||||||
| Petroplex Acidizing Inc, Warrant |
(v)(y)(ac) | Energy | 12/15/26 | 8 | — | — | ||||||||||||||||
| Polyconcept North America Inc, Class A—1 Units |
(v)(y) | Household & Personal Products | 30,000 | 3.0 | 2.2 | |||||||||||||||||
| Production Resource Group LLC, Preferred Stock, Series A PIK |
(v)(y)(ad) | Media & Entertainment | 8/21/24 | 434,250 | 18.1 | 19.7 | ||||||||||||||||
| Production Resource Group LLC, Preferred Stock, Series B PIK |
(v)(y)(ad) | Media & Entertainment | 8/21/24 | 140 | — | — | ||||||||||||||||
| Professional Plumbing Group Inc, Common Stock |
(j)(y) | Materials | 3,000,000 | 2.6 | 2.8 | |||||||||||||||||
| Proserv Acquisition LLC, Class A Common Units |
(v)(w)(y)(ac) | Energy | 2,635,005 | 33.5 | 4.5 | |||||||||||||||||
| Proserv Acquisition LLC, Class A Preferred Units |
(v)(w)(y)(ac) | Energy | 837,780 | 5.4 | 9.5 | |||||||||||||||||
| Quorum Health Corp, Trade Claim |
(v)(y) | Health Care Equipment & Services | 8,301,000 | 0.7 | 0.8 | |||||||||||||||||
| Quorum Health Corp, Trust Initial Funding Units |
(v)(y) | Health Care Equipment & Services | 143,400 | 0.2 | 0.2 | |||||||||||||||||
See notes to unaudited consolidated financial statements.
17
FS KKR Capital Corp.
Unaudited Consolidated Schedule of Investments (continued)
As of June 30, 2021
(in millions, except share amounts)
| Portfolio Company(a) |
Footnotes | Industry |
Rate(b) | Floor(b) | Maturity | Number of Shares |
Amortized Cost |
Fair Value(d) |
||||||||||||||||||||||
| Ridgeback Resources Inc, Common Stock |
(j)(u)(v)(w)(y) | Energy | 1,969,418 | $ | 9.1 | $ | 9.1 | |||||||||||||||||||||||
| Sequential Brands Group Inc., Common Stock |
(j)(v)(y) | Consumer Durables & Apparel | 18,519 | 2.8 | — | |||||||||||||||||||||||||
| Sorenson Communications LLC, Common Stock |
(j)(u)(v)(y)(ac) | Telecommunication Services | 89,959 | 42.5 | 94.8 | |||||||||||||||||||||||||
| Sound United LLC, Common Stock |
(v)(ad) | Consumer Durables & Apparel | 12,857,143 | 17.3 | 64.6 | |||||||||||||||||||||||||
| Stuart Weitzman Inc, Common Stock |
(v)(y) | Consumer Durables & Apparel | 5,451 | — | — | |||||||||||||||||||||||||
| Sungard Availability Services Capital Inc, Common Stock |
(s)(u)(v)(y)(ac) | Software & Services | 262,516 | 6.9 | 5.0 | |||||||||||||||||||||||||
| Swift Worldwide Resources Holdco Ltd, Common Stock |
(v)(y) | Energy | 1,250,000 | 1.2 | 1.3 | |||||||||||||||||||||||||
| ThermaSys Corp, Common Stock |
(u)(v)(y)(ac) | Capital Goods | 17,383,026 | 10.2 | — | |||||||||||||||||||||||||
| ThermaSys Corp, Preferred Stock |
(v)(y)(ac) | Capital Goods | 1,529 | 1.7 | — | |||||||||||||||||||||||||
| Trace3 Inc, Common Stock |
(v)(y) | Software & Services | 61,798 | 3.9 | 5.9 | |||||||||||||||||||||||||
| Versatile Processing Group Inc, Class A—2 Units |
(u)(y) | Materials | 3,637,500 | 3.6 | — | |||||||||||||||||||||||||
| Warren Resources Inc, Common Stock |
(v)(y)(ad) | Energy | 3,483,788 | 12.8 | 15.7 | |||||||||||||||||||||||||
| Zeta Interactive Holdings Corp, Common Stock |
(v)(y)(aa) | Software & Services | 3,610,212 | 30.8 | ||||||||||||||||||||||||||