UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 8.01. | Other Events. |
On September 20, 2023, FS Energy and Power Fund (“FSEP”) entered into a share swap confirmation with Nomura Global Financial Products Inc. (“Nomura”) governing an equity total return swap (the “Equity TRS”) for common shares (“Shares”) of FS Credit Opportunities Corp. (the “Fund”). The investment adviser to FSEP is majority-owned by Franklin Square Holdings, L.P., which is also the owner of the investment adviser of the Fund. The Equity TRS with Nomura enables FSEP to obtain the economic benefit of owning up to $50 million of the common shares of the Fund, without actually owning them, in return for an interest-type payment to Nomura. The Equity TRS has a term of three years, but the Equity TRS could be terminated earlier in whole or in part following the occurrence of certain prescribed events agreed to between Nomura and FSEP.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FS Credit Opportunities Corp. | ||
| Date: September 21, 2023 | By: | /s/ Stephen Sypherd |
| Stephen Sypherd | ||
| General Counsel | ||