Derek Hewett

Douglas Harter

Finian O'Shea

Kenneth Lee

Paul Johnson

Cory Johnson

- Kayne Anderson BDC, Inc. entered into a conditional agreement on **August 22, 2025**, for a **$200 million private placement** of senior unsecured notes, with an expected closing on or about **September 9, 2025**.  **[1747172_0001213900-25-080795_ea0254573-8k_kayne.htm:1]** 
- The net proceeds from this offering will be used to **refinance existing debt** and for general corporate purposes.  **[1747172_0001213900-25-080795_ea0254573-8k_kayne.htm:1]** 
- Details of the notes are provided below  **[1747172_0001213900-25-080795_ea0254573-8k_kayne.htm:1]** :

| Metric | Series C Notes | Series D Notes | Series E Notes |
|---|---|---|---|
| Principal Amount ($USD Millions) | **$40**  **[1747172_0001213900-25-080795_ea0254573-8k_kayne.htm:1]**  | **$60**  **[1747172_0001213900-25-080795_ea0254573-8k_kayne.htm:1]**  | **$100**  **[1747172_0001213900-25-080795_ea0254573-8k_kayne.htm:1]**  |
| Interest Rate | **SOFR + 2.32%**  **[1747172_0001213900-25-080795_ea0254573-8k_kayne.htm:1]**  | **5.80%**  **[1747172_0001213900-25-080795_ea0254573-8k_kayne.htm:1]**  | **6.15%**  **[1747172_0001213900-25-080795_ea0254573-8k_kayne.htm:1]**  |
| Maturity | **June 2028**  **[1747172_0001213900-25-080795_ea0254573-8k_kayne.htm:1]**  | **June 2028**  **[1747172_0001213900-25-080795_ea0254573-8k_kayne.htm:1]**  | **October 2030**  **[1747172_0001213900-25-080795_ea0254573-8k_kayne.htm:1]** 

- The Company also entered into **interest rate swaps** for the Series D and E Notes to align interest rates with its predominantly floating rate investment portfolio.  **[1747172_0001213900-25-080795_ea0254573-8k_kayne.htm:1]**

Kayne Anderson BDC (KBDC)