FS Investment Corporation (FSIC) and Corporate Capital Trust (CCT) have officially tied the knot.

The merger between the two business development companies officially closed on 19 December, and the new entity began trading on the New York Stock Exchange the following day under the ticker FSK. The new vehicle opened at $5.26 per common share.

The vehicle is now the second largest public BDC, behind Ares Capital Corporation, and is managed by a partnership between FS Investments and KKR. The BDC has approximately $8 billion in assets under management.

CCT shareholders will receive 2.3552 shares of FSK common stock and a cash distribution of $0.506 for each CCT share they own. The combined vehicle has a net asset value per share of $8.35, according to documents filed with the Securities and Exchange Commission.

The BDC will invest senior secured loans into US-based mid-market companies; the combined venture has a portfolio with over 200 companies, according to data from Private Debt Investor. The vehicle also announced a share repurchasing program of up to $200 million worth of shares that will run through 19 December 2019.

FS declined to comment and KKR did not respond to a request for comment by press time.

The merger was first announced in July and passed through a shareholder vote in early December. FS/KKR serves as an advisor to multiple public and private BDCs. They have approximately $17 billion in assets under management across the vehicles.

FSK’s stock was priced at $5.28 a share at 2:30 pm on Thursday.