---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-086598"
form_type: "8-K"
ticker: "KBDC"
cik: "0001747172"
company_name: "Kayne Anderson BDC, Inc."
filed_at: "2025-09-10T23:59:59+00:00"
generated_at: "2026-05-17T07:02:46.749663+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# KBDC closes $200M private placement of senior unsecured notes in three tranches

## Summary
- $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.

## SEC filing metadata
- accession: 0001213900-25-086598
- form_type: 8-K
- ticker: KBDC
- cik: 0001747172
- company_name: Kayne Anderson BDC, Inc.
- filed_at: 2025-09-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747172/000121390025086598/0001213900-25-086598-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747172/000121390025086598/ea0256713-8k_kayne.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-086598
- JSON: https://secwatch.observer/filing/0001213900-25-086598.json
- Plain text: https://secwatch.observer/filing/0001213900-25-086598.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747172/000121390025086598/0001213900-25-086598-index.htm

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