Kayne Anderson BDC Enters Material Definitive Agreement

TL;DR

KAYNE ANDERSON BDC (KBDC) SIGNED A NEW MATERIAL DEFINITIVE AGREEMENT, POTENTIALLY IMPACTING ITS DEBT OR OBLIGATIONS.

AI Summary

On November 22, 2024, Kayne Anderson BDC, Inc. entered into a material definitive agreement related to a financial obligation. The company, incorporated in Delaware, filed this 8-K report with the SEC on November 26, 2024. The filing details the creation of a direct financial obligation or an off-balance sheet arrangement.

Why It Matters

This filing indicates a significant financial commitment or arrangement for Kayne Anderson BDC, Inc., which could impact its financial obligations and operational structure.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements, especially those involving financial obligations, can introduce new risks or alter existing ones for a company.

Key Players & Entities

• Kayne Anderson BDC, Inc. (company) — Registrant
• November 22, 2024 (date) — Date of earliest event reported
• November 26, 2024 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation

FAQ

Key Financial Figures

• $0.001 K — ch registered Common Stock, par value $0.001 KBDC NYSE Indicate by check mark whet
• $400 million — ended the maturity date on the existing $400 million of aggregate commitments to November 22
• $75 million — r 22, 2029. An additional commitment of $75 million has a maturity date of February 18, 202
• $600 million — crease the overall size to a maximum of $600 million. The amendment also reduced the interes

Filing Documents

• ea0222605-8k_kayne.htm (8-K) — 29KB
• ea022260501ex10-1_kayne.htm (EX-10.1) — 1266KB
• ea022260501ex99-1_kayne.htm (EX-99.1) — 5KB
• ex99-1_001.jpg (GRAPHIC) — 3KB
• 0001213900-24-102455.txt ( ) — 1717KB
• kbdc-20241122.xsd (EX-101.SCH) — 3KB
• kbdc-20241122_lab.xml (EX-101.LAB) — 33KB
• kbdc-20241122_pre.xml (EX-101.PRE) — 22KB
• ea0222605-8k_kayne_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On November 22, 2024, Kayne Anderson BDC, Inc. (the "Company") entered into an 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. The foregoing description is only a summary of the material provisions of the amendment to the Corporate Credit Facility and is qualified in its entirety by reference to a copy of the amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

03. Creation of a Direct Financial Obligation or an Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On November 25, 2024, the Company issued a press release, included herewith as Exhibit 99.1, announcing the amendment of its Corporate Credit Facility, which the material provisions are described above in Item 1.01. The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being "furnished" and shall not be deemed "filed" by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Second Amendment to Senior Secured Revolving Credit Agreement, dated as of November 22, 2024, among Kayne Anderson BDC, Inc., as Borrower, the lenders party thereto, Sumitomo Mitsui Banking Corporation, as Administrative Agent, and the other parties thereto. 99.1 Press Release of Kayne Anderson BDC, Inc., dated November 25, 2024 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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: November 26, 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