FS KKR Capital, a publicly-traded business development company, completed the merger with FS KKR Capital II, also a business development company created as a partnership between FS Investments and KKR Credit in a $7.2bn deal. "We are excited to complete this merger and operate a single BDC with the market reach and balance sheet strength to be a leader in private credit markets. This combination represents an important milestone for our franchise in our plan to drive enhanced value to our investors," Michael Forman, FSK Chairman and CEO.