Kayne Anderson BDC, Inc. Announces Amendment of its Corporate Credit Facility to Extend the Maturity Date and Reduce Borrowing Costs
2024年11月26日 - 9:06AM
ビジネスワイヤ（英語）
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 loans to middle
market companies. KBDC is externally managed by its investment
adviser, KA Credit Advisors, LLC, an indirect controlled subsidiary
of Kayne Anderson Capital Advisors, L.P., a prominent alternative
investment management firm. KBDC has elected to be regulated as a
BDC under the Investment Company Act of 1940, as amended (“1940
Act”). KBDC’s investment objective is to generate current income
and, to a lesser extent, capital appreciation. For more
information, please visit www.kaynebdc.com.
Forward-looking Statements
This press release may contain “forward-looking statements” that
involve substantial risks and uncertainties. Such statements
involve known and unknown risks, uncertainties and other factors
and undue reliance should not be placed thereon. These
forward-looking statements are not historical facts, but rather are
based on current expectations, estimates and projections about
KBDC, its current and prospective portfolio investments, its
industry, its beliefs and opinions, and its assumptions. Words such
as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,”
“continue,” “believes,” “seeks,” “estimates,” “would,” “could,”
“should,” “targets,” “projects,” “outlook,” “potential,” “predicts”
and variations of these words and similar expressions are intended
to identify forward-looking statements. These statements are not
guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond KBDC’s
control and difficult to predict and could cause actual results to
differ materially from those expressed or forecasted in the
forward-looking statements including, without limitation, the
risks, uncertainties and other factors identified in KBDC’s filings
with the SEC. All forward-looking statements speak only as of the
date of this press release. KBDC does not undertake any obligation
to update or revise any forward-looking statements or any other
information contained herein, except as required by applicable
law.
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Investor Relations kaynebdc@kaynecapital.com
Kayne Anderson Bdc (NYSE:KBDC)
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から 11 2024 まで 12 2024
Kayne Anderson Bdc (NYSE:KBDC)
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