---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-042074"
form_type: "8-K"
ticker: "KBDC"
cik: "0001747172"
company_name: "Kayne Anderson BDC, Inc."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-22T00:02:07.371466+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kayne Anderson BDC Q1 NII $0.40/sh, NAV $16.51; declares Q2 dividend $0.40/sh

## Summary
- NII $28.7M ($0.40/sh) vs $34.0M ($0.48/sh) prior Q; revenue $55.2M.
- NAV per share $16.51, down $0.19 from Dec 31 due to $0.10 special dividend and unrealized losses.
- New private credit commitments $340.2M, fundings $294.3M; portfolio fair value $2.2B across 116 companies.
- Amended credit facilities: capacity increased to $925M and interest rate spreads reduced.
- Declared Q2 regular dividend $0.40/sh payable Jul 16; share repurchase plan extended to May 2026, $100M.

## SEC filing metadata
- accession: 0001213900-25-042074
- form_type: 8-K
- ticker: KBDC
- cik: 0001747172
- company_name: Kayne Anderson BDC, Inc.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747172/000121390025042074/0001213900-25-042074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747172/000121390025042074/ea0241749-8k_kayne.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-042074
- JSON: https://secwatch.observer/filing/0001213900-25-042074.json
- Plain text: https://secwatch.observer/filing/0001213900-25-042074.txt

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