Ropes & Gray Guides Sales Agents in $750 Million FS KKR Capital Transaction
Deal News | May 13, 2025 | Ropes & Gray
Ropes & Gray, a well-regarded law firm, played an essential advisory role in a significant financial transaction involving FS KKR Capital Corp. The firm represented sales agents in FS KKR’s $750 million at-the-market (ATM) offering. The transaction was completed successfully on May 9. FS KKR Capital Corp, listed on the New York Stock Exchange under the ticker FSK, operates as an influential business development company. It concentrates on providing tailored credit services primarily to private middle market companies within the U.S. The deal underscored the firm's expertise in handling complex financial offerings, with capital markets partner Paul Tropp leading the advisory team.
Sectors
- Financial Services
- Legal Services
- Investment Banking
Geography
- United States – FS KKR Capital Corp focuses on the U.S. middle market, and Ropes & Gray is a U.S.-based law firm advising on this transaction.
Industry
- Financial Services – FS KKR Capital Corp operates as a business development company providing customized credit solutions.
- Legal Services – Ropes & Gray, acting as legal advisors in this significant financial transaction.
- Investment Banking – The $750 million ATM offering for FS KKR Capital represents an investment banking activity.
Financials
- $750 million – Total amount raised in the ATM offering for FS KKR Capital Corp.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FS KKR Capital Corp | Target Company | Company | A leading business development company providing customized credit solutions to U.S. middle market companies. |
| Ropes & Gray | Legal Advisor | Company | The law firm advising sales agents in the FS KKR Capital Corp transaction. |
| Paul Tropp | Deal Team Leader | Person | Capital markets partner at Ropes & Gray leading the advisory team for the transaction. |