The suite of business development companies overseen by FS Investments and KKR have collectively arranged a $3.44 billion revolving credit facility, the largest in the BDC space, management said on Friday.
The announcement comes several weeks after FS and KKR announced intentions to combine their publicly traded BDCs, FS Investment Corporation and Corporate Capital Trust, respectively, into what would be the second-largest BDC with more than $8 billion in total assets.
