FS Investment Corp., Corporate Capital Trust To Merge - Quick Facts

(RTTNews) - FS/KKR Advisor, LLC, a partnership between FS Investments and KKR Credit Advisors (US) LLC, announced that FS Investment Corp. (FSIC) and Corporate Capital Trust, Inc. (CCT) have entered into a definitive agreement under which FSIC and CCT will be merged. CCT shareholders will receive a number of FSIC shares with a net asset value 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 trade under the ticker symbol, FSIC, on the NYSE and will remain externally managed by FS/KKR. 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.