FS/KKR Announces Agreement to Merge FS Investment Corporation and Corporate Capital Trust
FS INVESTMENT CORP (FSIC)
Last fs investment corp earnings: 11/7 04:15 pm
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US:NYSE Investor Relations:
fsinvestmentcorp.com/investor-relations/presentations-and-reports
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Source: PR Newswire
PHILADELPHIA and NEW YORK, July 23, 2018 /PRNewswire/ -- FS/KKR Advisor, LLC, a partnership between FS Investments and KKR Credit Advisors (US) LLC (FS/KKR), today announced that FS Investment Corporation (NYSE: FSIC) and Corporate Capital Trust, Inc. (NYSE: CCT) have entered into a definitive agreement under which FSIC and CCT will be merged. The combined company will have on a pro-forma basis over $8 billion in assets invested in 221 portfolio companies across 23 industries as of March 31, 2018. The Boards of Directors of both FSIC and CCT have approved the transaction, with the participation throughout by, and the unanimous support of, their respective independent directors. Under the terms of the agreement, CCT shareholders will receive a number of FSIC shares with a net asset value (NAV) equal to the NAV of the CCT shares they hold, as determined shortly before closing, subject to the payment of cash in lieu of fractional shares. The combined company will t
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