UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
On June 29, 2023, Kayne Anderson BDC, Inc. (the “Company”) and Kayne Anderson BDC Financing LLC (“KABDCF”), a wholly-owned, special purpose financing subsidiary, amended their existing senior secured revolving funding facility (the “Revolving Funding Facility”).
Revolving Funding Facility
The Company and KABDCF amended the Revolving Funding Facility and increased the commitment amount from $350 million to $455 million. As part of the amendment, the interest rate on the Revolving Funding Facility was unchanged from daily Secured Overnight Funding Rate (“SOFR”) plus 2.75% per annum. KABDCF is also subject to limitations with respect to the loans securing the Revolving Funding Facility, including restrictions on sector concentrations. All other terms of the Revolving Funding Facility remain substantially the same.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number |
Description | |
10.1 | Second Amendment to Loan and Security Agreement, dated June 29, 2023, by and between KA Credit Advisors, LLC, as collateral manager, Kayne Anderson BDC Financing, LLC, as borrower, certain lenders thereto, administrative agent for the lenders, and collateral agent for the lenders | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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: July 3, 2023 | By: | /s/ Terry A. Hart |
Name: | Terry A. Hart | |
Title: | Chief Financial Officer and Treasurer |
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