UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 8.01. | Other Events. |
On May 16, 2024, FS Credit Opportunities Corp. (the “Company”) completed the issuance of $100,000,000 of aggregate principal amount of its 6.70% Term Preferred Shares, Series 2029 (the “Preferred Shares”). Goldman Sachs & Co. LLC served as placement agent in connection with the issuance of the Preferred Shares.
The Preferred Shares were sold to qualified institutional buyers pursuant to Rule 4(a)(2) under the Securities Act of 1933, as amended, in accordance with the terms of the Subscription Agreement, dated May 16, 2024, between the Company and each of the investors party thereto and will mature on May 16, 2029. The Preferred Shares may be redeemed in whole or in part at the Company’s option at any time or from time to time at $1,000 per share, subject to payment of a make-whole premium, and bear interest at a rate of 6.70% per year, payable semi-annually on May 16th and November 16th of each year, commencing on November 16, 2024.
The terms of the Preferred Shares are memorialized in the Articles Supplementary to the Articles of Incorporation of the Company dated May 16, 2024.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
|
EXHIBIT NUMBER |
DESCRIPTION |
| 99.1 | Articles Supplementary to the Articles of Incorporation of the Registrant establishing and fixing the rights and preferences of the Term Preferred Shares. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FS Credit Opportunities Corp. | ||
| Date: May 16, 2024 | By: |
/s/ Stephen Sypherd |
| Stephen Sypherd | ||
| Secretary | ||