---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-054281"
form_type: "8-K"
ticker: "KBDC"
cik: "0001747172"
company_name: "Kayne Anderson BDC, Inc."
filed_at: "2023-07-05T23:59:59+00:00"
generated_at: "2026-06-13T12:45:05.580375+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Kayne Anderson BDC completes $75M senior note private placement at 8.65% and 8.74%

## Summary
- $75M private placement: $25M Series A 8.65% due June 2027 and $50M Series B 8.74% due June 2028.
- Net proceeds will be used to refinance existing debt and for general corporate purposes.
- Notes are senior unsecured and sold in a private placement; not registered under Securities Act.
- Debt rating requirement: Notes received a 'BBB' rating from Kroll as a closing condition.
- Covenants include Secured Debt Ratio test (≤60% until June 2024, then ≤55%) and interest rate step-ups.

## SEC filing metadata
- accession: 0001213900-23-054281
- form_type: 8-K
- ticker: KBDC
- cik: 0001747172
- company_name: Kayne Anderson BDC, Inc.
- filed_at: 2023-07-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747172/000121390023054281/0001213900-23-054281-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747172/000121390023054281/ea181307-8k_kayneand.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-054281
- JSON: https://secwatch.observer/filing/0001213900-23-054281.json
- Plain text: https://secwatch.observer/filing/0001213900-23-054281.txt

## Key facts
- Material Agreements
  Kayne Anderson BDC, Inc. entered into senior unsecured notes (the “Notes”) valued at $75,000,000 (effective 2023-06-29).
  - Action: entry
  - Agreement: notes offering
  - Value: $75,000,000
  - Effective: 2023-06-29
  source text: On June 29, 2023, Kayne Anderson BDC, Inc. (the “Company”) announced that it completed its previously announced private placement of $75,000,000 of senior unsecured notes (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747172/000121390023054281/0001213900-23-054281-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.