Kayne Anderson BDC Files Routine 8-K on Dec 29 Event

TL;DR

**Kayne Anderson BDC filed a routine 8-K, no major news, just standard compliance.**

AI Summary

Kayne Anderson BDC, Inc. filed an 8-K on January 5, 2024, reporting an 'Other Event' that occurred on December 29, 2023. This filing is a routine update to their public record, confirming their status and contact information, and indicating no new material events beyond what's typically covered in an 8-K. For investors, this filing primarily serves as a confirmation of the company's ongoing compliance with SEC reporting requirements, rather than signaling a significant change in its financial or operational outlook.

Why It Matters

This filing is a standard compliance update, indicating that Kayne Anderson BDC, Inc. is maintaining its regulatory obligations, which is a positive sign for investor confidence in the company's governance.

Risk Assessment

Risk Level: low — This 8-K filing is a routine administrative update and does not disclose any new material risks or events.

Analyst Insight

A smart investor would note this as a routine compliance filing, confirming the company's adherence to SEC regulations, but would not expect any immediate market impact or make investment decisions based solely on this administrative update.

Key Players & Entities

• Kayne Anderson BDC, Inc. (company) — the registrant filing the 8-K
• December 29, 2023 (date) — date of the earliest event reported in the 8-K
• January 5, 2024 (date) — date the 8-K was filed
• 717 Texas Avenue, Suite 2200, Houston, TX 77002 (address) — principal executive offices of Kayne Anderson BDC, Inc.
• 1 (713) 493-2020 (phone_number) — registrant's telephone number

FAQ

Key Financial Figures

• $75 million — its Subscription Credit Agreement from $75 million to $50 million. The maturity date was e
• $50 million — on Credit Agreement from $75 million to $50 million. The maturity date was extended one yea
• $0.53 — late December 2023. The distribution of $0.53 per share will be paid on January 16, 2

Filing Documents

• ea191260-8k_kayne.htm (8-K) — 27KB
• ea191260ex10-1_kayne.htm (EX-10.1) — 35KB
• 0001213900-24-001581.txt ( ) — 235KB
• cik0001747172-20231229.xsd (EX-101.SCH) — 3KB
• cik0001747172-20231229_lab.xml (EX-101.LAB) — 33KB
• cik0001747172-20231229_pre.xml (EX-101.PRE) — 22KB
• ea191260-8k_kayne_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. Subscription Credit Agreement On December 31, 2023, Kayne Anderson BDC, Inc. (the "Company") executed its fourth amendment to its credit agreement (the "Subscription Credit Agreement"). Under the terms of the fourth amendment, the Company reduced the size of its Subscription Credit Agreement from $75 million to $50 million. The maturity date was extended one year to December 31, 2024. The interest rate under the Subscription Credit Agreement is equal to the Secured Overnight Funding Rate ("SOFR") plus 2.25%. The Company pays an extension fee of 0.075% per quarter of the commitment amount on the first day of each calendar quarter. All other terms of the Subscription Credit Agreement remain substantially the same. Distribution to Stockholders On November 9, 2023, the Board of Directors of the Company declared a distribution to common stockholders. The amount of the distribution was finalized in late December 2023. The distribution of $0.53 per share will be paid on January 16, 2024 to stockholders of record as of the close of business on December 29, 2023, payable in cash or shares of common stock of the Company pursuant to the Company's Dividend Reinvestment Plan, as amended. 1

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (a) Not applicable. (b) Not applicable. (c) Exhibits. Exhibit Number Description 10.1 Fourth Amendment to the Credit Agreement, dated December 31, 2023, by and between Kayne Anderson BDC, Inc., as borrower, lenders, and City National Bank as administrative agent for the lenders 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KAYNE ANDERSON BDC, INC. Date: January 5, 2024 By: /s/ Terry A. Hart Name: Terry A. Hart Title: Chief Financial Officer and Treasurer 3

View Full Filing

View this 8-K filing on SEC EDGAR