Kayne Anderson BDC, Inc. Announces Amendment of its Corporate Credit Facility to Extend the Maturity Date and Reduce Borrowing Costs
Kayne Anderson BDC, Inc. (KBDC)
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC”) (the “Company”) announced the amendment of its senior secured revolving credit facility (the “Corporate Credit Facility”). The amendment added a new lender and extended the maturity date on the existing $400 million of aggregate commitments to November 22, 2029. An additional commitment of $75 million has a maturity date of February 18, 2027. The Corporate Credit Facility allows the Company, under certain circumstances, to increase the overall size to a maximum of $600 million. The amendment also reduced the interest rate on the $400 million commitment from 2.35% to 2.10% for any Term Secured Overnight Funding Rate (“Term SOFR”) loans and from 1.25% to 1.00% for any Alternative Base Rate (“ABR”) loans.About Kayne Anderson BDC, Inc.Kayne Anderson BDC, Inc. is a business development company (“BDC”) that invests primarily in first lien senior secured loans, with a secondary focus on unitranche and split-lien loa
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News
- Kayne Anderson BDC, Inc. Announces Amendment of its Corporate Credit Facility to Extend the Maturity Date and Reduce Borrowing Costs [Yahoo! Finance]Yahoo! Finance
- Zacks Industry Outlook Highlights Kayne Anderson BDC and Bain Capital [Yahoo! Finance]Yahoo! Finance
- 2 SBIC & Commercial Finance Stocks to Buy Amid Industry Challenges [Yahoo! Finance]Yahoo! Finance
- Kayne Anderson BDC, Inc. (NYSE: KBDC) had its price target raised by analysts at Royal Bank of Canada from $17.00 to $18.00. They now have an "outperform" rating on the stock.MarketBeat
- Kayne Anderson BDC, Inc. Announces September 30, 2024 Financial Results and Declares Fourth Quarter 2024 Dividend of $0.40 Per Share [Yahoo! Finance]Yahoo! Finance
KBDC
Sec Filings
- 12/19/24 - Form 4
- 11/26/24 - Form 8-K
- 11/21/24 - Form 40-17G
- KBDC's page on the SEC website