PHILADELPHIA and NEW YORK , Dec. 27, 2024 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) today announced that it has completed its previously announced offering of an additional $100 million in aggregate principal amount of its 6.125% notes due 2030 (the "Notes"). The Notes will be a further issuance of, and form a single series with, the $600 million aggregate principal amount of 6.125% Notes due 2030 that FSK issued on November 20, 2024 , increasing the outstanding aggregate principal amount of the series to $700 million . BofA Securities, Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC, KKR Capital Markets LLC, SMBC Nikko Securities America, Inc., and Truist Securities, Inc. are acting as joint book-running managers for this offering. FSK intends to use the net proceeds of this offering for general corporate purposes, including potentially repaying outstanding indebtedness under credit facilities and certain notes. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. About FS KKR Capital Corp. FSK is a leading publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. FSK seeks to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market companies. FSK is advised by FS/KKR Advisor, LLC. About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between FS Investments and KKR Credit that serves as the investment adviser to FSK and other business development companies. FS Investments is a global alternative asset manager dedicated to delivering superior performance and innovative investment and capital solutions. The firm manages over $83 billion in assets for a wide range of clients, including institutional investors, financial professionals and individual investors. FS Investments provides access to a broad suite of alternative asset classes and strategies through its best-in-class investment teams and partners. With its diversified platform and flexible capital solutions, the firm is a valued partner to general partners, asset owners and portfolio companies. FS Investments is grounded in its high-performance culture and guided by its commitment to building value for its clients, investing in its colleagues and giving back to its communities. The firm has more than 500 employees across offices in the U.S., Europe and Asia and is headquartered in Philadelphia . KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. Forward-Looking Statements and Important Disclosure Notice This announcement may contain certain forward-looking statements, including statements with regard to future events or future performance or operations of FSK. 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. Factors that could cause actual results to differ materially include changes in the economy, risks associated with possible disruption in FSK's operations or the economy generally due to terrorism, geo-political risks, natural disasters or pandemics such as COVID-19, future changes in laws or regulations and conditions in FSK's operating area and the price at which shares of FSK's common stock trade on the New York Stock Exchange. Some of these factors are enumerated in the filings FSK makes with the SEC. FSK undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Information: Investor Relations Contact Anna Kleinhenn Anna.Kleinhenn@fsinvestments.com FS Investments Media Team Melanie Hemmert Melanie.Hemmert@fsinvestments.com View original content to download multimedia: https://www.prnewswire.com/news-releases/fsk-completes-public-offering-of-100-million-6-125-unsecured-notes-due-2030--302339667.html SOURCE FS InvestmentsDaily Post Nigeria Teachers to boycott Oyo community school over attack on colleagues Home News Politics Metro Entertainment Sport News Teachers to boycott Oyo community school over attack on colleagues Published on November 24, 2024 By Musliudeen Adebayo The Nigeria Union of Teachers (NUT) have vowed that no teacher will resume at Areago Community High School, Ogbomoso, untill their safety is guaranteed. NUT Chairman, Ogbomoso North Local Government Area, Mr. Tunde Oladapo made this declaration while speaking with DAILY POST on Sunday. Oladapo was reacting to the recent attack of teachers in the school. Our correspondent gathered that some residents in the community clashed with students on Thursday. The vice principal of the school, two teachers and the day guard were arrested on Thursday. They were subsequently released by the policemen from Owode Police Station, Ogbomoso on Friday. Two women who allegedly caused the problem were arrested and have also been released. DAILY POST also gathered that members of the community, who beat up teachers in the school, were later arrested Friday evening. NUT Chairman in the local government area, Mr. Tunde Oladapo while speaking with DAILY POST on Sunday insisted that no teacher will resume in the school until their safety is guaranteed. Oladapo in a telephone conversation with DAILY POST said that all the teachers will resume at TESCOM office from Monday. The NUT leader said that the union cannot afford to jeopardise the safety of the teachers. He added that he was surprised that some locals went to beat the teachers at the time the NUT and other stakeholders were at the Police station to bail the arrested vice principal and other staff of the school. “It is true. Teachers in the school will resume at TESCOM office. All the teachers teaching there. No teacher will resume in the school tomorrow until their safety is guaranteed. “All the teachers will resume at TESCOM office from Monday until the issue is resolved. So, they will resume at TESCOM office tomorrow. “Because of their safety. If they could be attacked twice in a day, we don’t know what will happen on Monday. They will not resume in the school until the issue is resolved,” he said. Related Topics: Oyo Don't Miss 13 killed as herdsmen launch fresh attack on Benue community You may like Students, Residents Clash: Police arrest 2 locals, release vice principal, 3 others in Oyo Oyo: Tricyclists protest over hike in licence fees [PHOTOS] Oyo: Makinde flags off upgrade of Eruwa farm settlement 2025: Pray against massive Ebola spread in Lagos, Oyo, others – Primate Ayodele warns Ondo Election: Osun, Oyo our next targets – Ganduje on Aiyedatiwa’s victory Yuletide: Oyo, Osun tighten security around borders Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media Ltd
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Teachers’ 6-day training workshop begins Minister for School Education Punjab, Rana Sikandar Hayat addressing the six-day training workshop for teachers from Punjab’s Daanish Schools and Centres of Excellence on December 21, 2024.— Facebook@RanaSikanderHayat LAHORE : The six-day training workshop for teachers from Punjab’s Daanish Schools and Centres of Excellence got under way here on Saturday. Minister for School Education Punjab, Rana Sikandar Hayat was the chief guest at the opening ceremony. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1700472799616-0'); }); Addressing the inaugural ceremony, Rana Sikandar Hayat highlighted the role of teachers in shaping the lives of children by applying different strategies to educate them, besides developing ethics and use of modern technology. He highlighted the Punjab government’s efforts to support and uplift hardworking educators, calling them the backbone of the education system. He shared his admiration for the 400 teachers participating from 16 Daanish Schools and 12 Centres of Excellence. Rana Sikandar applauded the commitment and hard work of teachers, crediting them for producing outstanding results in Punjab Board exams. He highlighted the importance of the workshop designed to equip teachers with the latest tools and methods to enhance classroom learning. “Passion and a sense of responsibility are what make education meaningful,” he added. The minister also shared some good news, announcing that the Teachers Foundation will soon provide health services which also includes dialysis to the teachers serving in public sector schools. Punjab Daanish Schools and Centers of Excellence Authority Managing Director Ahmer Mallick and DG QAED Tajammul Abbas Rana also addressed the participants and emphasised the importance of investing in quality education and teacher development.
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Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has highlighted the pivotal role of community dialogues in building robust partnerships with taxpayers and investors. These discussions, initiated by the Ministry of Finance in collaboration with the ETA, are essential for fostering open communication with these stakeholders, who are seen as critical partners in economic growth. Abdel Aal emphasized that this approach demonstrates the government’s dedication to establishing an attractive and stable investment climate that prioritizes mutual collaboration and shared interests. Speaking at the panel discussion “Digital Transformation and the New Tax Relief Package: Impact on Investment” during the Cairo ICT Conference last week, Abdel Aal underscored the ETA’s efforts to address taxpayer and investor challenges. The authority aims to eliminate obstacles and develop tailored solutions that encourage investment expansion, generate employment opportunities, and enhance state revenues through increased tax compliance, in line with national sustainable development goals. She explained that the ETA conducted in-depth studies to pinpoint key issues affecting taxpayers, which informed the creation of the first tax relief package. After its launch, a series of community dialogues ensured that the measures met the specific needs of various sectors. The package simplifies tax processes, reduces financial burdens, and clarifies taxpayer obligations. One key element of the package is an integrated tax system for small businesses with annual revenues up to EGP 15 million. This unified system covers all tax liabilities, including income tax, VAT, stamp duty, and development fees, while offering incentives such as exemptions from stamp duty, registration fees, capital gains taxes, and dividend taxes. It also simplifies tax calculations for income tax, reduces VAT filings to quarterly, and limits payroll tax filings to an annual reconciliation. Moreover, tax audits will be deferred for five years, and retroactive claims will not apply to businesses voluntarily registering with the ETA. Abdel Aal stressed the importance of public outreach to the success of these initiatives. The ETA has launched a comprehensive media campaign to educate taxpayers about the benefits and details of the new measures. These efforts are complemented by ongoing community dialogues to clarify procedures, address concerns, and build trust between the tax authority and taxpayers. She emphasized that the initiatives signify a strategic shift in the ETA’s approach, focusing on fostering compliance and its positive impact on the national economy. Through consistent outreach and open communication, the ETA aims to create a climate of trust and cooperation, ensuring taxpayers benefit from streamlined processes while enhancing the tax system’s efficiency. Highlighting the authority’s investment in human resources, Abdel Aal stated that ongoing training programs are enhancing staff skills and instilling a culture of transparency and collaboration. This approach ensures that the ETA workforce is equipped to provide efficient and supportive services to taxpayers, fostering a positive and professional experience. On digital transformation, El-Sayed Saqr, Deputy Head of the ETA, discussed the establishment of the E-Commerce Unit, a key initiative addressing the rise of online transactions. This unit supports digital entrepreneurs, content creators, and online sellers, including bloggers and YouTubers, by streamlining the tax registration process and clarifying obligations. Saqr added that the unit actively engages in public outreach through events, workshops, and a dedicated e-commerce section on the ETA’s website. Social media channels further provide accessible information and guidance to digital business owners. He concluded that these efforts are part of a broader strategy to integrate the informal economy into the formal tax system and support the digital economy’s growth. By maintaining a strong presence in major events and grassroots awareness activities, the ETA is fostering an inclusive and equitable tax environment that aligns with the evolving dynamics of modern commerce.