Kayne Anderson BDC, Inc. Prices Initial Public Offering
Kayne Anderson BDC, Inc. (KBDC)
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (“KBDC”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, has priced its initial public offering of 6,000,000 shares of its common stock at $16.63 per share. KBDC’s shares of common stock are expected to begin trading on the New York Stock Exchange on May 22, 2024 under the symbol “KBDC.” KBDC also granted the underwriters an option to purchase up to an additional 900,000 shares of its common stock. The closing of the offering is subject to customary closing conditions, and the shares are expected to be delivered on or about May 24, 2024.KBDC intends to use the net proceeds from this offering to pay down some or all of its borrowings under credit facilities.Morgan Stanley, BofA Securities, Wells Fargo Securities and RBC Capital Markets acted as lead joint book-running managers for the offering. UBS Investment Bank and Keefe, Bruyette & Woods, A Stifel Company, acted as joint bo
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KBDC
News
- Kayne Anderson BDC, Inc. (NYSE: KBDC) is now covered by analysts at Bank of America Co.. They set a "buy" rating and a $17.50 price target on the stock.MarketBeat
- Kayne Anderson BDC, Inc. (NYSE: KBDC) was upgraded by analysts at Wells Fargo & Company to a "strong-buy" rating.MarketBeat
- Kayne Anderson BDC, Inc. (NYSE: KBDC) was upgraded by analysts at Keefe, Bruyette & Woods to a "hold" rating.MarketBeat
- Kayne Anderson BDC, Inc. (NYSE: KBDC) was upgraded by analysts at Royal Bank of Canada to a "moderate buy" rating.MarketBeat
- Kayne Anderson BDC, Inc. (NYSE: KBDC) was upgraded by analysts at UBS Group AG to a "hold" rating.MarketBeat
KBDC
Sec Filings
- 6/21/24 - Form 8-K
- 6/4/24 - Form 4
- 5/23/24 - Form 4
- KBDC's page on the SEC website