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
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
Latest filings (excl ownership)
10-K
2023 FY
Annual report
29 Feb 24
8-K
Unregistered Sales of Equity Securities
21 Feb 24
8-K
Other Events
5 Jan 24
8-K
Other Events
29 Dec 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
D/A
Indefinite amount in equity / debt, sold $907.30 mm, 472 investors
26 Sep 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
8-K
Other Events
3 Jul 23
8-K
Entry into a Material Definitive Agreement
3 Jul 23
8-K
Submission of Matters to a Vote of Security Holders
23 Jun 23
Latest ownership filings
SC 13G/A
Koch Companies Defined Benefit Master Trust
9 Feb 24
3
Frank P Karl
13 Nov 23
4
Terry A Hart
2 Oct 23
4
Change in insider ownership
2 Oct 23
4
JAMES L ROBO
6 Apr 23
4
James C Baker
6 Apr 23
4
Goodwillie Doug
6 Apr 23
4
Albert Rabil
6 Apr 23
4
Leonard Ken
6 Apr 23
4
Michael J O'Neil
6 Apr 23
Financial summary
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Diluted EPS |
Annual (USD) | 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) | 12.38 mm | 12.38 mm | 12.38 mm | 12.38 mm | 12.38 mm | 12.38 mm |
Cash burn (monthly) | 178.33 k | 240.58 k | 13.22 mm | 11.63 mm | 1.87 mm | 8.67 mm |
Cash used (since last report) | 1.06 mm | 1.43 mm | 78.66 mm | 69.21 mm | 11.15 mm | 51.57 mm |
Cash remaining | 11.32 mm | 10.95 mm | -66.28 mm | -56.82 mm | 1.23 mm | -39.18 mm |
Runway (months of cash) | 63.5 | 45.5 | -5.0 | -4.9 | 0.7 | -4.5 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Sep 23 | KA Credit Advisors | Common Stock | Sell | Dispose S | No | No | 16.58 | 667 | 11.06 k | 0 |
30 Sep 23 | Terry A Hart | Common Stock | Buy | Acquire P | No | No | 16.58 | 667 | 11.06 k | 14,262.615 |
4 Apr 23 | Quinn Terry | Common Stock | Buy | Acquire P | No | No | 16.6104 | 836.825 | 13.90 k | 16,898.447 |
4 Apr 23 | Terry A Hart | Common Stock | Buy | Acquire P | No | No | 16.6104 | 597.758 | 9.93 k | 12,860.235 |