other material
confidence high
sentiment neutral
materiality 0.50
Kayne Anderson BDC cuts credit facility to $50M, declares $0.53/share distribution payable Jan 16, 2024
Kayne Anderson BDC, Inc.
- Subscription credit facility reduced from $75M to $50M; maturity extended to December 31, 2024.
- Interest rate set at SOFR + 2.25%; extension fee of 0.075% per quarter on commitment amount.
- Distribution of $0.53 per share to be paid on January 16, 2024 to holders of record December 29, 2023.
- Distribution payable in cash or shares of common stock via the company's Dividend Reinvestment Plan.