secwatch.observer — SEC 8-K summary
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Issuer:     Kayne Anderson BDC, Inc. (KBDC)
CIK:        0001747172
Form:       8-K
Filed at:   2025-09-10T23:59:59+00:00
Accession:  0001213900-25-086598
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747172/000121390025086598/0001213900-25-086598-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747172/000121390025086598/ea0256713-8k_kayne.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-086598

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer