debt
confidence high
sentiment positive
materiality 0.80
Kayne Anderson BDC enters into $275M and $250M credit facilities, repays $150M prior debt
Kayne Anderson BDC, Inc.
- Entered into a $275M senior secured revolving credit facility with SMBC as administrative agent.
- Entered into a $250M senior secured revolving funding facility for subsidiary KABDCF.
- Fully repaid the $150M outstanding balance on prior Loan and Security Agreement.
- Borrowed $78M on Corporate Credit Facility and $8M on Subscription Credit as of Feb 18, 2022.
- KABDCF borrowed $150M on Revolving Funding Facility as of same date.