
Kayne Anderson BDC Launches $150 Million ATM Equity Program With Truist, RBC and Others

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Kayne Anderson BDC has launched a $150 million at-the-market (ATM) equity offering program. The program allows sales of common stock on the NYSE or through market makers, with commissions up to 1.5%. Shares will not be sold below the current NAV per share, and the adviser can cover commissions to maintain pricing above NAV. The agreement involves several financial institutions, including Truist Securities and RBC Capital Markets, and is effective until terminated at will, providing flexible access to equity capital and liquidity.
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