Kayne Anderson BDC, Inc. entered into equity distribution agreements with five sales agents to issue and sell up to $150 million of common stock through at-the-market offerings.
Key takeaways
Entered Equity Distribution Agreements dated March 31, 2026 with Truist Securities, RBC Capital Markets, Keefe Bruyette & Woods, Regions Securities, and UBS Securities.
Authorizes sales of common stock (par value $0.001) with aggregate offering price up to $150,000,000.
Sales via at-the-market transactions on NYSE or negotiated, at prices not below net asset value per share.
Sales agents receive commissions up to 1.5% of gross sales price; Adviser may cover commissions to meet NAV floor.
No obligation to sell shares; offering may be suspended based on market conditions and capital needs.
Supported by prospectus supplement and shelf registration on Form N-2 (File No. 333-294788).