---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-019492"
form_type: "8-K"
ticker: "KBDC"
cik: "0001747172"
company_name: "Kayne Anderson BDC, Inc."
filed_at: "2025-03-03T23:59:59+00:00"
generated_at: "2026-05-25T19:17:41.719599+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kayne Anderson BDC Q4: NII $0.48/sh, NAV $16.70, declares $0.40 quarterly dividend

## Summary
- Net investment income $34.0M ($0.48/sh); $0.49/sh excluding excise taxes.
- NAV unchanged at $16.70; debt-to-equity ratio 0.72x vs target 1.0x–1.25x.
- Declared Q1 2025 dividend of $0.40/sh, payable April 15, 2025 to holders of record March 31, 2025.
- Gross new investment commitments $230.6M; 98% first-lien portfolio; non-accrual 1.3% of debt at fair value.
- Amended credit facilities: reduced spreads, extended maturities, increased aggregate commitments by $175M.

## SEC filing metadata
- accession: 0001213900-25-019492
- form_type: 8-K
- ticker: KBDC
- cik: 0001747172
- company_name: Kayne Anderson BDC, Inc.
- filed_at: 2025-03-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747172/000121390025019492/0001213900-25-019492-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747172/000121390025019492/ea0232726-8k_kayne.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-019492
- JSON: https://secwatch.observer/filing/0001213900-25-019492.json
- Plain text: https://secwatch.observer/filing/0001213900-25-019492.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.