secwatch.observer — SEC 8-K summary
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Issuer:     Kayne Anderson BDC, Inc. (KBDC)
CIK:        0001747172
Form:       8-K
Filed at:   2023-07-05T23:59:59+00:00
Accession:  0001213900-23-054281
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747172/000121390023054281/0001213900-23-054281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747172/000121390023054281/ea181307-8k_kayneand.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-054281

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