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.

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