Kayne Anderson BDC, Inc. Announces Amendment of its Corporate Credit Facility to Extend the Maturity Date and Reduce Borrowing Costs
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Kayne Anderson BDC, Inc. has amended its corporate credit facility, extending the maturity date and reducing borrowing costs. The facility now includes a new lender, with $400 million commitments extended to 2029 and an additional $75 million commitment maturing in 2027.
November 26, 2024 | 12:30 am
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Kayne Anderson BDC, Inc. has successfully amended its corporate credit facility, extending the maturity date to 2029 and reducing borrowing costs. This move includes a new lender and an additional $75 million commitment.
The extension of the credit facility's maturity date and reduction in borrowing costs are positive financial maneuvers for KBDC. This improves the company's liquidity position and financial flexibility, which is likely to be viewed favorably by investors.
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