The expanded and cheaper credit facility enhances FSCO's ability to deploy capital in credit opportunities; monitor portfolio growth and yield trends in upcoming earnings reports as a result of the increased capacity.
Price Chart
Executive Summary
FS Credit Opportunities Corp. subsidiary Blair Funding LLC amended its credit agreement to extend the maturity date to December 15, 2027, increase total facility capacity to $450 million, and reduce the interest rate spread by 10 basis points. The amendment also extends the period for paying a spread make-whole fee.
Key Facts
- Blair Funding LLC, a wholly-owned subsidiary of FSCO, entered into Amendment No. 3 to its Credit and Security Agreement on April 17, 2026
- The maturity date of the facility was extended from December 15, 2026, to December 15, 2027
- Maximum revolving facility increased from $65 million to $150 million
- Maximum term loan facility increased from $285 million to $300 million
- Applicable spread reduced from 215 to 205 basis points
- Period for paying spread make-whole fee extended to April 17, 2027
Financial Impact
Increases total credit facility capacity by $215 million to $450 million total, reduces borrowing costs by 10 bps, and extends maturity by one year
Risk Factors
- Increased leverage could amplify losses if credit markets deteriorate
- Extension of make-whole fee period may limit near-term refinancing flexibility
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-046798 |
| Document: 0001104659-26-046798-index-headers.html | 0001104659-26-046798 |
| Document: 0001104659-26-046798-index.html | 0001104659-26-046798 |
| Document: 0001104659-26-046798.txt | 0001104659-26-046798 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 8-K | $4.85 | awaiting T+60 | — | $5.05 (+4.01%) |
Oct 1, 2026 25d ago | DEFA14A | $5.12 | awaiting T+60 | — | $5.05 (−1.41%) |
Aug 10, 2026 11w ago | DEFA14A | $5.04 | awaiting T+60 | — | $5.05 (+0.16%) |
Jun 23, 2026 17w ago | DEFA14A | $4.74 $5.33 | ▲ +12.45% | ▲ +9.61% | $5.05 (+6.50%) |
Jun 23, 2026 17w ago | DEFA14A | $4.74 $5.33 | ▲ +12.45% | ▲ +9.61% | $5.05 (+6.50%) |
Jun 18, 2026 18w ago | DEFA14A | $4.84 $5.24 | ▲ +8.26% | ▲ +6.52% | $5.05 (+4.30%) |
Jun 18, 2026 18w ago | DEFA14A | $4.84 $5.24 | ▲ +8.26% | ▲ +6.52% | $5.05 (+4.30%) |
Jun 9, 2026 19w ago | DEFA14A | $4.82 $5.26 | ▲ +9.13% | ▲ +2.55% | $5.05 (+4.73%) |
Apr 28, 2026 25w ago | 8-K | $5.18 $4.89 | ▼ −5.60% | ▼ −9.71% | $5.05 (−2.55%) |
Apr 22, 2026 26w ago | 8-K | $4.99 $4.94 | ▼ −1.00% | ▼ −6.02% | $5.05 (+1.16%) |
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