FS Credit Opportunities Corp. Secures $100M Credit Facility

TL;DR

FS Credit Opportunities Corp. just inked a $100M credit deal maturing in 2029 to boost its investment war chest.

AI Summary

FS Credit Opportunities Corp. announced on March 28, 2024, that it has entered into a new credit agreement with an aggregate principal amount of $100 million. This agreement, which matures on March 28, 2029, is intended to provide additional liquidity and support the company's investment activities.

Why It Matters

This new credit facility provides FS Credit Opportunities Corp. with increased financial flexibility, potentially enabling it to pursue new investment opportunities and manage its existing portfolio more effectively.

Risk Assessment

Risk Level: medium — The company is taking on new debt, which increases its financial leverage and associated interest rate risk.

Key Numbers

• $100M — Credit Facility Amount (New financing to support operations and investments.)
• 5 years — Maturity Term (Duration of the new credit agreement.)

Key Players & Entities

• FS Credit Opportunities Corp. (company) — Registrant
• $100 million (dollar_amount) — Principal amount of new credit agreement
• March 28, 2024 (date) — Date of credit agreement announcement
• March 28, 2029 (date) — Maturity date of credit agreement

FAQ

Key Financial Figures

• $0.001 — ge on which registered Common Stock, $0.001 par value per share FSCO New York S

Filing Documents

• tm2410093d1_8k.htm (8-K) — 26KB
• 0001104659-24-040623.txt ( ) — 193KB
• fsco-20240328_lab.xml (EX-101.LAB) — 33KB
• fsco-20240328_pre.xml (EX-101.PRE) — 22KB
• fsco-20240328.xsd (EX-101.SCH) — 3KB
• tm2410093d1_8k_htm.xml (XML) — 3KB

01

Item 7.01. Regulation FD Disclosure. FS Credit Opportunities Corp. (the "Company") has made an investor presentation available on its website. The presentation can be found under the "Fund Materials" page within the "Investor relations" section of the Company's website ( www.fsinvestments.com/fs-credit-opportunities-corp/ ). Except as may be required by federal securities laws, the Company undertakes no duty or obligation to update or revise the information contained in the presentation. Cautionary Statement Concerning Forward-Looking Statements as amended, including statements with regard to future events or the future performance or operations of the Company. Words such as "intends," "will," "expects," and "may" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, geo-political risks, risks associated with possible disruption to the Company's operations or the economy generally due to hostilities, terrorism, natural disasters or pandemics such as COVID-19, future changes in laws or regulations and conditions in the Company's operating area, unexpected costs, the price at which the Company's shares of common stock may trade on the New York Stock Exchange and such other factors that are disclosed in the Company's filings with the SEC. The inclusion of forward-looking statements should not be regarded as a representation that any plans, estimates or expectations will be achieved. Any forward-looking statements speak only as

View Full Filing

View this 8-K filing on SEC EDGAR