Reported Earlier, Kayne Anderson Energy Infrastructure Fund Announces $70M Notes And $30M Preferred Shares Private Placement To Refinance Debt
Portfolio Pulse from Benzinga Newsdesk
Kayne Anderson Energy Infrastructure Fund (KYN) has announced a $70 million notes and $30 million preferred shares private placement to refinance existing debt and for general corporate purposes. The notes and MRP shares have fixed interest/dividend rates and specific maturity/redemption dates.
August 14, 2024 | 7:37 am
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Kayne Anderson Energy Infrastructure Fund (KYN) has announced a $70 million notes and $30 million preferred shares private placement to refinance existing debt and for general corporate purposes. This move is likely to stabilize the company's financial structure by managing its leverage more effectively.
The refinancing of existing debt through the issuance of notes and preferred shares is a strategic move to manage leverage and improve financial stability. This is likely to be viewed positively by investors, leading to a potential short-term increase in stock price.
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