Loan & DebtJul 16, 2026, 04:32 PM
Kayne Anderson Energy Infrastructure Fund Secures $65M Private Placement
AI Summary
Kayne Anderson Energy Infrastructure Fund, Inc. announced a private placement agreement with institutional investors to raise $65 million. The financing includes $50 million in senior unsecured notes and $15 million in mandatory redeemable preferred shares. The notes are expected to fund by July 30, 2026, and the preferred shares by October 30, 2026. The company plans to use the net proceeds to refinance existing debt and for general corporate purposes.
Key Highlights
- Secured $65 million in private placement financing.
- Issued $50 million in senior unsecured notes (Series CCC and DDD).
- Issued $15 million in mandatory redeemable preferred shares (Series Y).
- Notes carry fixed interest rates of 5.12% (July 2029 maturity) and 5.25% (July 2031 maturity).
- MRP Shares have a 5.70% dividend rate and December 2031 mandatory redemption.
- Notes expected to fund around July 30, 2026; MRP Shares on October 30, 2026.
- Proceeds will refinance existing leverage and support general corporate purposes.
Price Impact
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