secwatch.observer — SEC 8-K summary
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Issuer:     Kayne Anderson BDC, Inc. (KBDC)
CIK:        0001747172
Form:       8-K
Filed at:   2024-04-08T23:59:59+00:00
Accession:  0001213900-24-030899
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kayne Anderson BDC completes $269.9M equity call and upsizes credit facility to $600M
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747172/000121390024030899/0001213900-24-030899-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747172/000121390024030899/ea0203422-8k_kayne.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-030899

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer