Loan & DebtJul 30, 2026, 04:23 PM
Kayne Anderson Energy Infrastructure Fund Completes $50M Note Placement
AI Summary
Kayne Anderson Energy Infrastructure Fund, Inc. announced the completion of a previously announced private placement of $50 million in senior unsecured notes. The company intends to use the net proceeds to refinance existing leverage and for general corporate purposes. Additionally, the company has an agreement to issue $15 million of Series Y mandatory redeemable preferred shares, bearing dividends at 5.70% and subject to mandatory redemption in December 2031, with funding expected on October 30, 2026.
Key Highlights
- Completed private placement of $50 million in senior unsecured notes.
- Notes proceeds to refinance existing leverage and for general corporate purposes.
- Series CCC notes: $25 million at 5.12% interest, maturing July 2029.
- Series DDD notes: $25 million at 5.25% interest, maturing July 2031.
- Agreed to issue $15 million Series Y mandatory redeemable preferred shares.
- MRP Shares bear dividends at a fixed rate of 5.70%.
- MRP Shares subject to mandatory redemption in December 2031.
- MRP Shares expected to fund on October 30, 2026.
Price Impact
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