debt
confidence high
sentiment positive
materiality 0.70
KBDC expands credit facility to $250M, reduces interest rate by 45 bps
Kayne Anderson BDC, Inc.
- Lender commitments under revolving credit facility increased from $150M to $250M.
- Interest rate on borrowings reduced from 3-month term SOFR+2.70% to 3-month SOFR+2.25%.
- Amendment executed February 5, 2025 through wholly-owned subsidiary KABDCF II.
- All other terms of the facility remain substantially the same.