Small font size A Larger text size A Largest text size A

Kayne Anderson BDC Closes Placement of $200 Million of Senior Notes

BY MT Newswires | CORPORATE | 09/09/25 05:02 PM EDT

05:02 PM EDT, 09/09/2025 (MT Newswires) -- Kayne Anderson BDC (KBDC) said late Tuesday it closed an offering of $200 million of senior unsecured notes.

The placement comprised $40 million of floating rate series C 2028 notes with a rate of secured overnight financing rate plus 2.32%, $60 million of 5.80% series D notes due 2028, and $100 million of 6.15% series E notes due 2030, according to a statement.

In connection with the series D and E notes, the company entered into interest rate swaps to align the rates of its liabilities with its portfolio of primarily floating-rate loans.

Net proceeds will be used to refinance existing debt and for general corporate purposes, according to the company.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

Thermo Fisher Scientific Prices Offering of USD-Denominated Senior Notes BY Business Wire |CORPORATE 09:41 PM EST
Principal Financial's fourth-quarter profit rises on higher premiums, fee income BY Reuters |ECONOMIC 06:23 PM EST
Oportun Strengthens Debt Capital Structure With $485 Million Asset Backed Securitization and Corporate Debt Repayments BY GlobeNewswire |CORPORATE 06:11 PM EST
Fed's Miran says data suggests Americans aren't shouldering tariff hit BY Reuters |ECONOMIC 05:27 PM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article