FS KKR Capital Corp. announced that its wholly-owned subsidiary, Callowhill Street Funding LLC, has entered into a revolving credit facility agreement with the Canadian Imperial Bank of Commerce and other lenders. The Callowhill Revolving Credit Facility, effective June 2, 2025, allows for borrowings up to $400 million. Interest on the borrowings will accrue at a rate of 1.75% per annum plus applicable rates depending on the currency borrowed. The facility includes a non-usage fee and has a revolving period until June 2, 2028, with maturities due on June 3, 2030. This agreement is non-recourse to FS KKR Capital Corp., limiting the company's exposure to its investment in Callowhill.
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