Kayne Anderson BDC closes $150M Revolving Funding Facility II; initial $70M drawn

Kayne Anderson BDC, Inc.

New senior secured revolving facility with initial $150M commitment, expandable to $500M.
Initial $70M borrowing used to repay $45M on Subscription Credit Agreement and fund new investments.
Facility matures Dec 22, 2028; interest rate is 3-month term SOFR + 2.70% per annum.
As of Dec 22, 2023: $224M on Corporate Credit Facility, $18M on Subscription Credit Agreement, $75M Notes outstanding.
KABDCF had $319M borrowed on prior Revolving Funding Facility; KABDCF II had $70M on new facility.

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