Material Agreement (Form 8-K)

Item 1.01 - Entry into a Material Definitive Agreement.

On October 16, 2025, K-FIT Finance AB-1 LLC ("K-FIT AB-1"), a wholly-owned, special purpose financing subsidiary of KKR FS Income Trust (the "Company") entered into the Second Amendment (the "Second Amendment") to the Loan and Security Agreement, dated October 10, 2023 (the "Loan Agreement"), by and among K-FIT AB-1, as borrower, Ally Bank ("Ally Bank"), as administrative agent and arranger, each of the lenders from time to time party thereto, and Computershare Trust Company, N.A., as collateral administrator and collateral custodian. The Second Amendment provides for, among other things, (i) an increase in the maximum committed facility amount from $250 million to $500 million, (ii) a reduction of the applicable margin over one-month daily SOFR for advances from 2.25% per annum to 1.85% per annum, (iii) an extension of the revolving period from October 10, 2026 to October 16, 2028 and (iv) an extension of the stated maturity date from October 10, 2028 to October 16, 2030.

The foregoing description is only a summary of the material provisions of the Second Amendment and is qualified in its entirety by reference to a copy of the Second Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

Item 2.03 - Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.