other material
confidence high
sentiment positive
materiality 0.60
Kayne Anderson BDC sells 7.67M shares for $125M; declares $0.30 dividend
Kayne Anderson BDC, Inc.
- Sold 7,666,830 shares of common stock for aggregate offering price of $125.0M on July 22, 2022.
- Issuance exempt from registration under Section 4(a)(2) and Regulation D to accredited investors.
- Existing subscription agreements total $777.7M in capital commitments, plus $7.9M contingent commitment.
- Board declared $0.30 per share distribution paid July 27, 2022 to holders of record July 20, 2022.