FS Investments Closes on More Than $1.7 Billion of Middle Market Commitments in the Fourth Quarter

FSIC, FSIC II, FSIC III and FSIC IV provided a new senior secured unitranche loan to Empire Today, LLC. Empire is the largest in-home sales flooring company in the United States and one of the largest specialty flooring providers in America. The financing supports the acquisition of Empire by an affiliate of H.I.G. Capital, a leading global private equity and alternative assets investment firm with more than $21 billion of equity capital under management.

ABOUT FS INVESTMENTS

FS Investments is a leading asset manager dedicated to helping individuals, financial professionals and institutions design better portfolios. The firm provides access to alternative sources of income and growth through funds managed in partnership with top institutional investment advisers. It focuses on setting industry standards for investor protection, education and transparency.

FS Investments is headquartered in Philadelphia with offices in Orlando and Washington, DC. The firm currently manages seven funds with over $19 billion in assets under management as of December 31, 2016. Visit fsinvestments.com to learn more.

Contact Information:

FS Investments Media Team
media@fsinvestments.com
215-495-1174

Dominic Mammarella
Investor Relations
dominic.mammarella@fsinvestments.com
215-220-4280

ABOUT BLACKSTONE AND GSO

Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with approximately $367 billion in assets under management as of December 31, 2016, includes investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

GSO Capital Partners LP (GSO) is the global credit investment platform of Blackstone. With approximately $93 billion of assets under management as of December 31, 2016, GSO is one of the largest alternative managers in the world focused on the leveraged-finance, or non-investment grade related, marketplace. GSO seeks to generate attractive risk-adjusted returns in its business by investing in a broad array of strategies including mezzanine debt, distressed investing, leveraged loans and other special-situation strategies. Its funds are major providers of credit for small and middle-market companies and they also advance rescue financing to help distressed companies.

Forward-Looking Statements and Important Disclosures

This press release may contain certain forward-looking statements, including statements with regard to the future performance or operations of FSIC, FSIC II, FSIC III, FSIC IV and FSEP. Words such as "believes," "expects," "projects" and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the filings FSIC, FSIC II, FSIC III, FSIC IV or FSEP make with the U.S. Securities and Exchange Commission. FSIC, FSIC II, FSIC III, FSIC IV or FSEP undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE FS Investments