Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest announcement is out from Kayne Anderson BDC, Inc. ( (KBDC) ).
Kayne Anderson BDC, Inc. has amended its senior secured revolving credit facility, adding a new lender and extending the maturity date for $400 million in commitments to 2029, with an additional $75 million maturing in 2027. The amendment reduces interest rates and allows for potential expansion up to $600 million, presenting an opportunity for more favorable borrowing costs and increased financial flexibility for the company.
Find detailed analytics on KBDC stock on TipRanks’ Stock Analysis page.