KKR FS Income Trust Select entered into a Second Amendment to its Senior Secured Revolving Credit Agreement on September 30, 2026. The amendment modifies terms with ING Capital LLC serving as the administrative agent.
The agreement, originally dated July 2, 2024, and previously amended on August 8, 2025, now includes an increase in the applicable margin for loans. The margin for ABR loans increased from 1.125% to 1.25% per annum. The margin for term benchmark loans and RFR loans increased from 2.125% to 2.25% per annum.
The amendment also extends the commitment termination date from July 2, 2028, to September 30, 2030. Additionally, the maturity date was extended from July 2, 2029, to September 30, 2031.
Other changes include the removal of a 0.10% credit adjustment spread for US dollar borrowings. The accordion provision was increased to allow for total facility amounts up to $800,000,000. The aggregate revolving commitments were raised from $325,000,000 to $375,000,000. A reset of the minimum shareholders’ equity test was also implemented.
