Kane Anderson's Energy Infrastructure Fund raises $100 million through a private placement of notes.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) has announced a private placement of $100 million of senior unsecured notes. The notes, which will not be registered under the Securities Act of 1933, are intended to help refinance existing leverage and fund general corporate purposes.
The private placement is expected to close on or about October 15, 2025, subject to investor due diligence, legal documentation, and other standard closing conditions. Institutional investors have committed to purchasing the notes, although specific institutions remain undisclosed.
The table below outlines key terms for the Notes:
- Series AAA: $60 million amount, a fixed rate of 4.43%, and maturity in October 2028.
- Series BBB: $40 million amount, a fixed rate of 4.60%, and maturity in October 2030.
It is important to note that distribution amounts to common stockholders are not guaranteed and may vary. The distribution rate may be adjusted from time to time.
The Company's investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. To achieve this, the Company intends to invest at least 80% of its total assets in securities of Energy Infrastructure Companies.
However, investors should be aware of the risks involved. These risks include changes in economic and political conditions, regulatory and legal changes, energy industry risk, leverage risk, valuation risk, interest rate risk, tax risk, and others. A detailed discussion of these risks can be found in the Company's filings with the SEC.
Investors are strongly advised to consult with their investment, tax, or legal advisers before making any investment decisions. This press release does not constitute an offer to sell or a solicitation to buy securities.
For investor relations enquiries, contact 877-657-3863 or [email protected]. The Company's common stock is traded on the NYSE.
The press release contains forward-looking statements with risks and uncertainties. Variations in distribution amounts can be due to changes in portfolio holdings and market conditions. The closing of this transaction is subject to the aforementioned conditions.
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