debt
confidence high
sentiment neutral
materiality 0.60
Kayne Anderson BDC conditional agreement for $200M senior notes private placement
Kayne Anderson BDC, Inc.
- $200M private placement of senior unsecured notes expected close Sept. 9, 2025.
- Series C: $40M floating at SOFR+2.32% due June 2028; Series D: $60M at 5.80% due June 2028; Series E: $100M at 6.15% due Oct 2030.
- Net proceeds to refinance existing debt and for general corporate purposes.
- Interest rate swaps on Series D and E convert fixed rates to floating (SOFR+2.37% and SOFR+2.6565%).
item 8.01