UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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.
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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) |
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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: January 5, 2024 | By: | /s/ Terry A. Hart |
| Name: | Terry A. Hart | |
| Title: | Chief Financial Officer and Treasurer | |
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