Summary

The shareholders of FS Investment Corporation II (FSIC II), FS Investment Corporation III (FSIC III), FS Investment Corporation IV (FSIC IV) and Corporate Capital Trust II (CCT II) have approved all proposals related to the previously announced mergers of FSIC III, FSIC IV and CCT II into FSIC II.

The mergers are expected to close on or around December 18, 2019, creating the second-largest business development company, with approximately $9 billion in assets on a pro forma basis as of September 30, 2019. The combined company will be renamed FS KKR Capital Corp. II. Please note that the mergers are subject to the satisfaction of certain closing conditions.

The mergers are part of a proposed three-step plan toward a liquidity event for all shareholders, including a recapitalization of the combined company through the issuance of preferred stock representing approximately 20% of the combined company’s net asset value to all non-traded shareholders of the combined company followed by a listing of the combined company’s common shares on the New York Stock Exchange in the first half of 2020, subject to final board approval and market conditions.

Next steps

1
Mergers are expected to close on or around December 18, 2019
2
View resources below
3
Contact your financial advisor or call us at 877-628-8575

FSIC II resources

Merger summary

8-K filing

FSIC III resources

Merger summary

8-K filing

FSIC IV resources

Merger summary

8-K filing

CCT II resources

Merger summary

8-K filing

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