Kayne Anderson BDC Reports Unregistered Equity Sales

TL;DR

**Kayne Anderson BDC just sold new shares without registering them, which could affect future stock value.**

AI Summary

Kayne Anderson BDC, Inc. filed an 8-K on February 21, 2024, reporting unregistered sales of equity securities that occurred on February 14, 2024. The filing, under Item 3.02, indicates the company's address as 717 Texas Avenue, Suite 2200, Houston, TX 77002, and its telephone number as 1 (713) 493-2020. This report details the issuance of shares without registration under the Securities Act of 1933.

Why It Matters

Unregistered sales of equity securities can impact a company's capital structure and shareholder dilution, potentially affecting future stock performance and investor confidence.

Risk Assessment

Risk Level: medium — Unregistered sales can sometimes lead to questions about transparency and potential dilution for existing shareholders.

Key Players & Entities

• Kayne Anderson BDC, Inc. (company) — Registrant
• February 14, 2024 (date) — Date of earliest event reported
• February 21, 2024 (date) — Filing date
• 717 Texas Avenue, Suite 2200, Houston, TX 77002 (company) — Business Address
• 1 (713) 493-2020 (company) — Registrant's telephone number

FAQ

Key Financial Figures

• $118.7 million — ck") for an aggregate offering price of $118.7 million. The sale of such shares of Common Stoc
• $1,046.9 million — for an aggregate capital commitment of $1,046.9 million to purchase shares of common stock. No

Filing Documents

• ea0200442-8k_kayneand.htm (8-K) — 24KB
• 0001213900-24-015852.txt ( ) — 188KB
• cik0001747172-20240214.xsd (EX-101.SCH) — 3KB
• cik0001747172-20240214_lab.xml (EX-101.LAB) — 33KB
• cik0001747172-20240214_pre.xml (EX-101.PRE) — 22KB
• ea0200442-8k_kayneand_htm.xml (XML) — 3KB

02 Unregistered Sales of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities. On February 14, 2024, Kayne Anderson BDC, Inc. (the "Company") sold 7,089,771 shares of its common stock ("Common Stock") for an aggregate offering price of $118.7 million. The sale of such shares of Common Stock relates to existing subscription agreements that the Company had entered into with investors for an aggregate capital commitment of $1,046.9 million to purchase shares of common stock. No underwriting discounts or commissions have been or will be paid in connection with the sale of such shares of Common Stock. The sale of Common Stock is being made pursuant to subscription agreements entered into by the Company and its stockholders. Under the terms of the subscription agreements, stockholders are required to fund drawdowns to purchase shares of Common Stock up to the amount of their respective capital commitments on an as-needed basis with a minimum of ten days' prior notice to stockholders. This issuance of the Common Stock is exempt from the registration requirements of the Securities Act of 1933, as amended, (the "Securities Act") pursuant to Section 4(a)(2) thereof and Regulation D thereunder. The Company relied, in part, upon representations from the stockholders in the subscription agreements that each stockholder was an accredited investor as defined in Regulation D under the Securities Act. 1 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: February 21, 2024 By: /s/ Terry A. Hart Name: Terry A. Hart Title: Chief Financial Officer and Treasurer 2

View Full Filing

View this 8-K filing on SEC EDGAR