Kayne Anderson BDC, Inc. is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). In addition, for U.S. federal income tax purposes, the Company intends to continue to be treated as and to qualify as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation. The Company intends to achieve its investment objective by investing primarily in first lien senior secured and unitranche loans to privately held middle-market companies.
Company profile
Ticker
KBDC
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry
Former names
Kayne Anderson BDC, LLC
SEC CIK
Corporate docs
Subsidiaries
Kayne Anderson BDC Financing, LLC ...
IRS number
830531326
KBDC stock data
Latest filings (excl ownership)
424B1
Prospectus with pricing info
22 May 24
EFFECT
Notice of effectiveness
22 May 24
CERT
Certification of approval for exchange listing
21 May 24
8-A12B
Registration of securities on exchange
21 May 24
8-K
Other Events
10 May 24
10-Q
2024 Q1
Quarterly report
8 May 24
DEF 14A
Definitive proxy
26 Apr 24
8-K
Unregistered Sales of Equity Securities
25 Apr 24
8-K
Unregistered Sales of Equity Securities
5 Apr 24
10-K
2023 FY
Annual report
29 Feb 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 33.42 mm | 33.42 mm | 33.42 mm | 33.42 mm | 33.42 mm | 33.42 mm |
Cash burn (monthly) | 217.00 k | (no burn) | 15.13 mm | 13.63 mm | 30.34 mm | 10.35 mm |
Cash used (since last report) | 584.22 k | n/a | 40.73 mm | 36.70 mm | 81.70 mm | 27.86 mm |
Cash remaining | 32.83 mm | n/a | -7.31 mm | -3.28 mm | -48.28 mm | 5.55 mm |
Runway (months of cash) | 151.3 | n/a | -0.5 | -0.2 | -1.6 | 0.5 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
3 Jun 24 | Rhonda Scott Smith | Common Stock | Buy | Acquire P | No | No | 16.115 | 1,250 | 20.14 k | 1,250 |
22 May 24 | James L Robo | Common Stock | Buy | Acquire P | Yes | No | 16.63 | 60,132 | 1,000.00 k | 1,573,468.763 |
22 May 24 | Kayne Anderson Capital Advisors | Common Stock | Buy | Acquire P | Yes | No | 16.63 | 957,217 | 15.92 mm | 957,217 |
15 Apr 24 | Michael J O'Neil | Common Stock | Buy | Acquire P | Yes | No | 16.63 | 1,162.838 | 19.34 k | 4,568.187 |
15 Apr 24 | Frank P Karl | Common Stock | Buy | Acquire P | No | No | 16.63 | 1,550.451 | 25.78 k | 6,378.676 |
News
UBS Initiates Coverage On Kayne Anderson BDC with Neutral Rating, Announces Price Target of $17
17 Jun 24
Wells Fargo Initiates Coverage On Kayne Anderson BDC with Overweight Rating, Announces Price Target of $17
17 Jun 24
RBC Capital Initiates Coverage On Kayne Anderson BDC with Outperform Rating, Announces Price Target of $17
17 Jun 24
Keefe, Bruyette & Woods Initiates Coverage On Kayne Anderson BDC with Market Perform Rating, Announces Price Target of $17
17 Jun 24
B of A Securities Initiates Coverage On Kayne Anderson BDC with Buy Rating, Announces Price Target of $17.5
17 Jun 24