Kayne Anderson BDC, Inc. Files 8-K

TL;DR

KAYNE ANDERSON BDC (KA) filed an 8-K on 9/9/25, signaling a new material agreement or financial obligation.

AI Summary

On September 9, 2025, Kayne Anderson BDC, Inc. entered into a material definitive agreement. This filing also discloses the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of the registrant. The company is incorporated in Delaware and its principal executive offices are located in Houston, Texas.

Why It Matters

This filing indicates a significant financial event or obligation for Kayne Anderson BDC, Inc., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — The filing of an 8-K for a material definitive agreement or financial obligation suggests potential changes in the company's financial structure or commitments, which warrants attention.

Key Players & Entities

• Kayne Anderson BDC, Inc. (company) — Registrant
• September 9, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 717 Texas Avenue, Suite 2200, Houston, TX 77002 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 K — ch registered Common Stock, par value $0.001 KBDC NYSE Indicate by check mark whet
• $200 million — closed a private placement offering of $200 million of senior unsecured notes (the "Series
• $40 million — s"). The private placement consisted of $40 million of floating rate Series C Notes with an
• $60 million — OFR plus 2.32% per annum due June 2028; $60 million of 5.80% Series D Notes due June 2028 a
• $100 million — 5.80% Series D Notes due June 2028 and $100 million of 6.15% Series E Notes due October 203

Filing Documents

• ea0256713-8k_kayne.htm (8-K) — 30KB
• ea025671301ex10-1_kayne.htm (EX-10.1) — 699KB
• ea025671301ex99-1_kayne.htm (EX-99.1) — 8KB
• ex99-1_001.jpg (GRAPHIC) — 8KB
• 0001213900-25-086598.txt ( ) — 1038KB
• kbdc-20250909.xsd (EX-101.SCH) — 3KB
• kbdc-20250909_lab.xml (EX-101.LAB) — 33KB
• kbdc-20250909_pre.xml (EX-101.PRE) — 22KB
• ea0256713-8k_kayne_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On September 9, 2025, Kayne Anderson BDC, Inc. (the "Company") closed a private placement offering of $200 million of senior unsecured notes (the "Series C, D and E Notes"). The private placement consisted of $40 million of floating rate Series C Notes with an interest rate of SOFR plus 2.32% per annum due June 2028; $60 million of 5.80% Series D Notes due June 2028 and $100 million of 6.15% Series E Notes due October 2030. Funding will occur on October 15, 2025, and net proceeds from the offering will be used to refinance existing debt and for general corporate purposes. In connection with the Series D and Series E Notes, the Company entered into interest rate swaps to more closely align the interest rates of the Company's liabilities with the Company's investment portfolio, which consists of predominantly floating rate loans. Under the interest rate swap agreement related to the Series D Notes, the Company receives a fixed interest rate of 5.80% per annum and pays a floating interest rate of SOFR plus 2.37% per annum on the $60 million of the Series D Notes. Under the interest rate swap agreement related to the Series E Notes, the Company receives a fixed interest rate of 6.15% per annum and pays a floating interest rate of SOFR plus 2.6565% per annum on the $100 million of the Series E Notes. The Company designated each interest rate swap as the hedging instrument in a qualifying hedge accounting relationship. The Series C, D and E Notes issued in connection with this private placement will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration. The foregoing description is only a summary of the material provisions of the Series C, D and E Notes and is qualified in its entirety by reference to a copy of the agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorpo

03. Creation of a Direct Financial 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 September 9, 2025, the Company issued a press release, included herewith as Exhibit 99.1, announcing the closing of the Series C, D and E Notes, 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 Note Purchase Agreement, dated September 9, 2025. 99.1 Press Release of Kayne Anderson BDC, Inc., dated September 9, 2025. 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: September 10, 2025 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