Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


March 31, 2015 7:33 AM ET

Capital Markets

Company Overview of FS Investment Corporation

Company Overview

FS Investment Corporation is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans. In connection with the debt investments, the firm also receives equity interests such as warrants or options as additional consideration. It also seek to purchase minority interests in the form of common or preferred equity in our target companies, either in conjunction with one of the debt in...

Cira Centre

2929 Arch Street

Suite 675

Philadelphia, PA 19104-2867

United States

Founded in 2007

Phone:

215-495-1150

Key Executives for FS Investment Corporation

Chairman, Chief Executive Officer and Chairman of Investment Committee
Age: 53
President
Age: 48
Chief Financial Officer and Principal Accounting Officer
Age: 39
Executive Vice President
Age: 36
Managing Director
Age: 44
Compensation as of Fiscal Year 2014.

FS Investment Corporation Key Developments

FS Investment Corporation Appoints Philip E. Hughes and Joseph P. Ujobai as New Independent Members of the Board, Effective as of April 1, 2015

On February 26, 2015, the board of directors of FS Investment Corporation appointed Mr. Philip E. Hughes, Jr. and Mr. Joseph P. Ujobai as new independent members of the board, effective as of April 1, 2015. Mr. Hughes was appointed as a Class B director to serve for a term expiring at the company's 2015 annual meeting of stockholders and was also appointed to serve as a member of the company's audit committee. Mr. Ujobai was appointed to serve as a Class A director for a term expiring at the company's 2017 annual meeting of stockholders and was also appointed to serve as a member of the company's valuation committee. Philip E. Hughes, Jr. serves as vice-chairman of Keystone Industries, and has done so since November 2011. Mr. Hughes also serves as the president of Sovereign Developers, LP, and has done so since he founded the company in 1999. Mr. Hughes currently serves as a trustee for FS Global Credit Opportunities Fund, FS Global Credit Opportunities Fund A and FS Global Credit Opportunities Fund D, and also serves as the chair of the audit committees for such funds. Joseph P. Ujobai is an Executive Vice President of SEI Investments Company and also Managing Director of SEI Investments (Europe) Limited based in London. He is responsible for the development of SEI's worldwide private banks and distribution business.

FS Investment Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

FS Investment Corporation reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the fourth quarter, the company reported net investment income of $0.28 per share, compared to $0.20 per share for the quarter ended December 31, 2013. Adjusted net investment income of $0.24 per share, compared to $0.24 per share for the quarter ended December 31, 2013. Adjusted net investment income for the quarter ended December 31, 2014 excludes excise taxes and one-time expenses associated with the repayment and termination of the Walnut Street revolving credit facility, as well as the reversal of accruals for capital gains incentive fees. Net loss of $0.04 per share, compared to net earnings of $0.30 per share for the quarter ended December 31, 2013. Adjusted net investment income per share was $0.24 compared with $0.24 for the same period a year ago. For the full year, the company reported net investment income of $0.97 per share, compared to $0.96 per share for the year ended December 31, 2013. Adjusted net investment income of $0.99 per share, compared to $0.99 per share for the year ended December 31, 2013. Adjusted net investment income for the year ended December 31, 2014 excludes excise taxes and one-time expenses associated with the NYSE listing and the repayment and termination of the Walnut Street and Arch Street revolving credit facilities, as well as the reversal of accruals for capital gains incentive fees. Net earnings of $0.78 per share, compared to $1.04 per share for the year ended December 31, 2013. Adjusted net investment income per share was $0.99 compared with $0.99 for the same period last year. As on December 31, 2014, net asset value per share was $9.83.

FS Investment Corporation to Report Q4, 2014 Results on Mar 02, 2015

FS Investment Corporation announced that they will report Q4, 2014 results on Mar 02, 2015

Similar Private Companies By Industry

Company Name Region
Rathgar Cap (us) Corp United States
Blue Pacific Services, Inc. United States
Lord Abbett Distributor LLC United States
ClearCreek Financial Group, Inc. United States
Greenwich Global Financial Group, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 4, 2014
NewStar Financial, Inc.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FS Investment Corporation, please visit www.fsinvestmentcorp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.