Kayne Anderson BDC extends $400M credit facility to 2029, cuts borrowing cost 25bps

Kayne Anderson BDC, Inc.

Extended $400M commitments maturity to November 22, 2029; added a $75M commitment maturing February 18, 2027.
Reduced Term SOFR margin from 2.35% to 2.10% and ABR margin from 1.25% to 1.00% on the $400M tranche.
Facility capacity can increase to a maximum of $600M under certain conditions.
A new lender joined the credit facility.

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