---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-074348"
form_type: "8-K"
ticker: "KBDC"
cik: "0001747172"
company_name: "Kayne Anderson BDC, Inc."
filed_at: "2025-08-11T23:59:59+00:00"
generated_at: "2026-05-17T15:35:01.369498+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KBDC Q2 NII $0.40/share, NAV $16.37, declares Q3 dividend $0.40, invests $126M in SG Credit

## Summary
- Net investment income $28.7M ($0.40/share), unchanged QoQ; net increase in net assets $24.9M ($0.35/share).
- NAV per share $16.37, down $0.14 QoQ due to $0.10 special dividend and $0.06 unrealized losses.
- Declared Q3 regular dividend $0.40/share, payable Oct 16 to holders of record Sep 30.
- New private credit commitments $128.7M; portfolio 98% first lien, non-accruals 1.6%, yield 10.4%.
- Invested $126M in SG Credit (term loan, delayed draw, equity) for 22.5% stake; credit facility increased to $475M.

## SEC filing metadata
- accession: 0001213900-25-074348
- form_type: 8-K
- ticker: KBDC
- cik: 0001747172
- company_name: Kayne Anderson BDC, Inc.
- filed_at: 2025-08-11T23:59:59+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/1747172/000121390025074348/0001213900-25-074348-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747172/000121390025074348/ea0252384-8k_kayne.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-074348
- JSON: https://secwatch.observer/filing/0001213900-25-074348.json
- Plain text: https://secwatch.observer/filing/0001213900-25-074348.txt

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