Oct. 18 at 4:28 PM
$FSCO OK, NAV closed on Friday at
$7.27. Now on to some information I found out doing some DD. People have linked FSCO to some of the recent bankruptcy filings. Here is the statement from 9/29/25.
"FS Global Credit Opportunities Fund announced that as of September 29, 2025, First Brands Group, LLC filed for bankruptcy protection. FS Credit Opportunities Corp. has confirmed that it no longer has any financial exposure to First Brands, indicating a strategic distancing from the troubled company."
Now, Tricolor Holdings also filed for bankruptcy. The big hit to Tricolor so far is JP Morgan Chase, who charged off 170 million. FSCO hasn't specified what this means to them, but they do have a small exposure to Tricolor.
I'm sure that these are reasons for FSCO being hit this week. The company needs to clarify any exposure and reassure investors. When they do, I think we will start recovering back up the NAV.
