---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-108256"
form_type: "8-K"
ticker: "KBDC"
cik: "0001747172"
company_name: "Kayne Anderson BDC, Inc."
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:30:03.212771+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# KBDC Q3 NII $0.43/share; declares $0.40 dividend; appoints President and SVP

## Summary
- NII $30.0M ($0.43/share) for Q3 2025, up from $0.40 in Q2; NAV $16.34, down from $16.37.
- Declared regular Q4 2025 dividend of $0.40/share, payable Jan 16, 2026 to holders of record Dec 31, 2025.
- Appointed Frank P. Karl as President and Andy Wedderburn-Maxwell as Senior Vice President, effective Nov 10, 2025.
- Completed $200M private placement of senior unsecured notes on Oct 15, 2025; proceeds used to refinance debt.
- Repurchased 1.37M shares at avg $13.99 (Oct 1–Nov 5); $65.7M remaining under 10b5-1 plan.

## SEC filing metadata
- accession: 0001213900-25-108256
- form_type: 8-K
- ticker: KBDC
- cik: 0001747172
- company_name: Kayne Anderson BDC, Inc.
- filed_at: 2025-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747172/000121390025108256/0001213900-25-108256-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747172/000121390025108256/ea0264523-8k_kayne.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-108256
- JSON: https://secwatch.observer/filing/0001213900-25-108256.json
- Plain text: https://secwatch.observer/filing/0001213900-25-108256.txt

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