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Kayne Anderson Energy Infrastructure Fund Completes Private Placement of $50 Million of Notes

KYN
  • Kayne Anderson Energy Infrastructure Fund, Inc. completed a $50 million private placement of senior unsecured notes on July 30, 2026.
  • The proceeds will be used to refinance existing leverage & for general corporate purposes.
  • The issuance includes $25 million of CCC-rated notes with a 5.12% fixed interest rate maturing in July 2029.
  • The issuance includes $25 million of DDD-rated notes with a 5.25% fixed interest rate maturing in July 2031.
  • The Company also agreed to issue $15 million of Series Y mandatory redeemable preferred shares bearing a 5.70% dividend rate.
  • The preferred shares are subject to mandatory redemption in December 2031 & are expected to fund on October 30, 2026.
  • The issued notes are not registered under the Securities Act of 1933 & cannot be offered or sold in the US without registration or an applicable exemption.
  • KYN is a closed-end management investment company that invests at least 80% of its assets in energy infrastructure companies.
  • Cash distributions to common stockholders are not guaranteed & may vary based on portfolio holdings & market conditions.