Kayne Anderson BDC, Inc. Announces Proposed Initial Public Offering
2024年5月13日 - 7:32PM
ビジネスワイヤ(英語)
Kayne Anderson BDC, Inc. (“KBDC”), a business development
company externally managed by its investment adviser, KA Credit
Advisors, LLC, today announced that it plans to make an initial
public offering of 6,000,000 shares of its common stock. The
initial public offering price is expected to be $16.63 per share.
KBDC is expected to list its common stock on the New York Stock
Exchange under the symbol “KBDC.” The underwriters are expected to
have an option to purchase up to an additional 900,000 shares of
common stock. The completion of the proposed offering depends upon
several factors, including market and other conditions.
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 are acting as lead joint book-running managers for
the offering. UBS Investment Bank and Keefe, Bruyette & Woods,
A Stifel Company, are acting as joint book-running managers for the
offering. SMBC Nikko, Regions Securities LLC, Academy Securities,
and Ramirez & Co., Inc. are acting as co-managers for the
offering.
A registration statement relating to these securities has
been filed with the U.S. Securities and Exchange Commission (the
“SEC”) but has not yet become effective. These securities may not
be sold nor may offers to buy be accepted prior to the time that
the registration statement becomes effective. No offer to buy the
securities can be accepted and no part of the purchase price can be
received until the registration statement has become effective, and
any such offer may be withdrawn or revoked by you without
obligation or commitment of any kind, at any time prior to the time
you receive notice of an acceptance of the offer given after the
effective date.
Investors are advised to carefully consider the investment
objective, risks and charges and expenses of KBDC before investing.
The preliminary prospectus, dated May 13, 2024, contains this and
other information about KBDC and should be read carefully before
investing. The information in the registration statement is not
complete and may be changed.
This press release will not constitute an offer to sell or
the solicitation of an offer to buy the securities described above
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to their registration or qualification under the
securities laws of any such state or jurisdiction. Offers of these
securities are made only by means of the prospectus. The SEC has
not approved or disapproved these securities or passed upon the
adequacy of the preliminary prospectus. Any representation to the
contrary is a criminal offense.
The offering of these securities will be made only by means
of a preliminary prospectus forming part of the registration
statement, copies of which may be obtained, when available, from:
Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New
York, New York 10014, Attn: Prospectus Department; BofA Securities,
NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina
28255, Attn: Prospectus Department, email:
dg.prospectus_requests@bofa.com; Wells Fargo Securities, 90 South
7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751
(option #5) or email a request to
WFScustomerservice@wellsfargo.com; or RBC Capital Markets, 200
Vesey Street, 8th Floor, New York, NY 10281, Attn: Prospectus
Department by telephone at 877-822-4089 or by email at
equityprospectus@rbccm.com.
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.
Certain information contained herein may constitute
“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