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FS Investment companies start cash tender offers for common stock

FS Energy and Power Fund, FS Investment Corp. II and FS Investment Corp. III filed separate tender offer statements to repurchase common shares for cash.

All offers will expire at 4 p.m. ET on June 28, unless extended.

FS Energy and Power Fund is offering to buy up to 11,064,273 common shares. FS Investment Corp. II is offering to purchase up 8,134,082 common shares. FS Investment Corp. III is offering to purchase up to 7,038,102 common shares.

The purpose of the offers is to provide shareholders with liquidity because there is otherwise no current public market for the shares.