UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

WASHINGTON, D.C. 20549

 

__________________________

   

FORM 8-K

   

CURRENT REPORT 

PURSUANT TO SECTION 13 OR 15(d) OF 

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): October 15, 2013

 

FS Investment Corporation

 

 (Exact name of Registrant as specified in its charter) 

 

Maryland	814-00757	26-1630040
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)
Cira Centre
2929 Arch Street, Suite 675
Philadelphia, Pennsylvania		19104
(Address of principal executive officers)		(Zip Code)

  

Registrant’s telephone number, including area code: (215) 495-1150

 

None 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

£ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

£ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

£ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

£ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

   

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 Investment Corporation
Date:	October 15, 2013		By:	/s/ Michael C. Forman
				Michael C. Forman
				Chief Executive Officer

 

 

FS Investment Corporation 8-K

 

Exhibit 99.1

 

 

 

 

 

FOR IMMEDIATE RELEASE

  

FS Investment Corporation Committed Over $398 Million Toward Proprietary Investments in August and September

 

PHILADELPHIA, PA, October 15, 2013 – FS Investment Corporation (“FSIC”), a business development company (“BDC”) focused primarily on investing in the debt securities of private U.S. companies, announced today that it committed over $398 million toward proprietary investments in middle market companies during the months of August and September.

 

FSIC made proprietary commitments to seven portfolio companies, which included senior secured loan, subordinated debt and equity investments. In connection with the terms negotiated for select commitments, FSIC received upfront fees and other economic benefits. The originations in which FSIC invested during the months of August and September include the following:

 

·         $47 million senior secured loan to Keystone Automotive Operations, Inc., an international wholesale distributor and marketer of aftermarket automotive parts, and a portfolio company of Platinum Equity, LLC;

 

·         $20 million senior secured loan to OneStopPlus Group, a leading catalog and online fashion retailer for plus-size consumers, and a portfolio company of Charlesbank Capital Partners and Webster Capital; and

 

·         $20 million senior secured loan to MetoKote Corporation, a global provider of outsourced custom coating services and solutions to a variety of industrial end markets, and a portfolio company of Platinum Equity, LLC.

 

“We are excited to make seven new proprietary investments diversified across a wide variety of industries and subsectors. We expect to continue to increase FSIC’s proprietary investment portfolio going forward, which we believe will help position the fund for a successful potential listing on a national securities exchange,” said Michael C. Forman, Chairman and Chief Executive Officer of FSIC.

 

About FS Investment Corporation

 

FSIC, an investment fund sponsored by Franklin Square Capital Partners (“Franklin Square”), is a publicly registered, non-traded BDC. A BDC such as FSIC is a type of investment fund that enables investors, including non-accredited investors (subject to certain state-specific suitability standards), to access the private debt asset class. FSIC focuses primarily on investing in the debt securities of private companies throughout the United States, with the investment objectives of generating current income and, to a lesser extent, long-term capital appreciation for its investors. FSIC is managed by FB Income Advisor, LLC and is sub-advised by GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP (“GSO”). GSO, with approximately $62.2 billion in assets under management as of June 30, 2013, is the credit platform of The Blackstone Group L.P.  For more information, please visit www.fsinvestmentcorp.com.

 

About Franklin Square

 

Franklin Square is a leading manager of alternative investment funds designed to enhance investors’ portfolios by providing access to asset classes, strategies and asset managers that typically have been available to only the largest institutional investors. The firm’s funds offer “endowment-style” investment strategies that help construct diversified portfolios and manage risk. Franklin Square strives not only to maximize investment returns but also to set the industry standard for best practices by focusing on transparency, investor protection and education for investment professionals and their clients.

 

 

Founded in Philadelphia in 2007, Franklin Square quickly established itself as a leader in the world of alternative investments by introducing innovative credit-based income funds, including the industry’s first non-traded BDC. The firm currently manages three funds with approximately $7.9 billion* in assets.

 

Forbes Magazine ranked Franklin Square 13^th on its 2013 list of America’s Most Promising Companies. Franklin Square distributes its funds through its affiliated broker-dealer, FS² Capital Partners, LLC. For more information, please visit www.franklinsquare.com.

 

* Assets under management as of June 30, 2013.

 

Forward-Looking Statements

 

This press release may contain certain forward-looking statements, including statements with regard to the future performance of FSIC. Words such as “believes,” “expects,” “projects” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the filings FSIC makes with the Securities and Exchange Commission. FSIC does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.