Kayne Anderson MLP/Midstream Investment Company Enters Into $300 Million Revolving Credit Facility
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN)
US:NYSE Investor Relations:
kaynefunds.com/kyn/fact-sheet
Company Research
Source: GlobeNewswire
HOUSTON, Feb. 07, 2020 (GLOBE NEWSWIRE) -- Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the “Company”) announced today that it has entered into a $300 million unsecured revolving credit facility (the “Credit Facility”) with a syndicate of lenders. The Credit Facility matures on February 8, 2021. The Credit Facility replaces the Company’s $300 million unsecured revolving credit facility that was scheduled to mature on February 7, 2020. The interest rate on outstanding borrowings under the Credit Facility may vary between LIBOR plus 1.30% and LIBOR plus 1.95%, depending on the Company’s asset coverage ratios. Based on the Company’s current asset coverage ratios, the interest rate would be one-month LIBOR plus 1.30%. The Company will pay a commitment fee of 0.20% per annum on any unused amounts of the Credit Facility. As of February 7, 2020, the Company had $52 million of borrowings outstanding under the Credit Facility. A copy of the credit agreement is available on
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News
- KYN: 9% Dividend Hike, Now Pays Monthly [Seeking Alpha]Seeking Alpha
- Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios at October 31, 2024GlobeNewswire
- Kayne Anderson Energy Infrastructure Fund Announces Change to Monthly Distributions and Announces Distributions [Yahoo! Finance]Yahoo! Finance
- Kayne Anderson Energy Infrastructure Fund Announces Change to Monthly Distributions and Announces DistributionsGlobeNewswire
- Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios at September 30, 2024GlobeNewswire
KYN
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- 11/14/24 - Form SC
- KYN's page on the SEC website