Kayne Anderson BDC, Inc. Announces Amendment of its Corporate Credit Facility to Extend the Maturity Date and Reduce Borrowing Costs [Yahoo! Finance]
Kayne Anderson BDC, Inc. (KBDC)
Company Research
Source: Yahoo! Finance
The amendment added a new lender and increased the facility's size to a maximum of $600 million. The interest rate on the $400 million commitment was reduced to 2.10% for Term SOFR loans and 1.00% for ABR loans. This move is expected to benefit the company by providing more favorable borrowing terms and increased financial flexibility. CHICAGO, November 26, 2024 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
Show less
Read more
Impact Snapshot
Event Time:
KBDC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
KBDC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
KBDC alerts
High impacting Kayne Anderson BDC, Inc. news events
Weekly update
A roundup of the hottest topics
KBDC
News
- Kayne Anderson BDC, Inc. Announces Amendment of its Corporate Credit Facility to Extend the Maturity Date and Reduce Borrowing CostsBusiness Wire
- 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