Kayne Anderson BDC, Inc. (KBDC): debt financing — KBDC closes $200M private placement of senior unsecured notes in three tranches

Kayne Anderson BDC, Inc.

$40M floating-rate Series C notes at SOFR + 2.32%, due June 2028.
$60M 5.80% Series D notes due June 2028; $100M 6.15% Series E notes due October 2030.
Funding on October 15, 2025; proceeds to refinance existing debt and for general corporate purposes.
Entered interest rate swaps on Series D and E to convert fixed to floating (SOFR + spread) to match floating-rate loan portfolio.
Notes are unregistered and issued in a private placement; swaps designated as hedging instruments.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Kayne Anderson BDC, Inc. incurred senior notes of $200 million with private placement noteholders at SOFR plus 2.32% per annum (Series C); 5.80% (Series D); 6.15% (Series E) maturing June 2028 (Series C and D); October 2030 (Series E).

Instrument: senior notes
Principal: $200 million
Counterparty: private placement noteholders
Rate: SOFR plus 2.32% per annum (Series C); 5.80% (Series D); 6.15% (Series E)
Maturity: June 2028 (Series C and D); October 2030 (Series E)
Event: incurrence

Exact text from the filing

On September 9, 2025, Kayne Anderson BDC, Inc. (the “Company”) closed a private placement offering of $200 million of senior unsecured notes (the “Series C, D and E Notes”).

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Kayne Anderson BDC, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-086598

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