Kayne Anderson BDC, Inc. announced the successful closing of a private placement offering $200 million of senior unsecured notes.
The private placement included Series C, D, and E Notes with varying interest rates and maturity dates.
Funding for the notes will occur on October 15, 2025, with net proceeds designated for debt refinancing and general corporate purposes.
Private Placement Details
$200 million private placement of Series C, D, and E Notes with different interest rates and maturity dates.
Interest Rate Swaps
Entered into interest rate swaps to align liabilities with the investment portfolio, using fixed and floating rates.
Regulatory Note
The issued notes will not be registered under the Securities Act of 1933 and have certain restrictions on offer and sale.
- The private placement of senior unsecured notes showcases Kayne Anderson BDC, Inc.'s ability to raise substantial funds.
- The use of interest rate swaps demonstrates a strategic approach to managing the interest rate exposure of the company.
- Refinancing existing debt and allocating funds for corporate purposes indicate a proactive financial management strategy.
Kayne Anderson BDC, Inc.'s successful private placement signifies a strong capital-raising initiative, and the strategic use of interest rate swaps highlights a forward-thinking financial approach.