other material
confidence high
sentiment positive
materiality 0.75
Kayne Anderson BDC completes $269.9M equity call and upsizes credit facility to $600M
Kayne Anderson BDC, Inc.
- Sold $269.9M of common stock in final capital call; total $1.0469B commitment fully drawn, no further commitments.
- Repaid and terminated $50M Subscription Credit Agreement that matured Dec 31, 2024.
- Upsized Revolving Funding Facility from $455M to $600M; reinvestment period extended to Apr 2, 2027.
- Maturity extended to Apr 3, 2029; interest rate reduced to SOFR+2.375%-2.50% from +2.75%.