Kayne Anderson BDC

Filed: 28 Jul 21, 11:00am





Washington, D.C. 20549










Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): July 23, 2021


Kayne Anderson BDC, Inc.

(Exact name of registrant as specified in its charter)


Delaware 000-56201 83-0531326
(State or other jurisdiction
of incorporation)
 (Commission File Number) (IRS Employer
Identification No.)


811 Main Street, 14th Floor, Houston, TX 77002
(Address of principal executive offices) (Zip Code)


Registrant’s telephone number, including area code: 1 (713) 493-2020


Not Applicable

(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of each class Trading Symbol(s) Name of each exchange on which registered
None N/A N/A


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.


Emerging growth company  x


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨







Item 3.02 Unregistered Sales of Equity Securities.


On July 23, 2021, Kayne Anderson BDC, Inc. (the “Company”) sold 2,862,595 shares of its common stock (“Common Stock”) for an aggregate offering price of $45.0 million. As of the same date, the Company had entered into subscription agreements with investors for an aggregate capital commitment of $367.7 million to purchase shares of common stock. No underwriting discounts or commissions have been or will be paid in connection with the sale of such shares of Common Stock. The sale of Common Stock is being made pursuant to subscription agreements entered into by the Company and its stockholders. Under the terms of the subscription agreements, stockholders are required to fund drawdowns to purchase shares of Common Stock up to the amount of their respective capital commitments on an as-needed basis with a minimum of ten days’ prior notice to stockholders.


This issuance of the Common Stock is exempt from the registration requirements of the Securities Act of 1933, as amended, (the “Securities Act”) pursuant to Section 4(a)(2) thereof and Regulation D thereunder. The Company relied, in part, upon representations from the stockholders in the subscription agreements that each stockholder was an accredited investor as defined in Regulation D under the Securities Act.


Item 8.01 Other Events.


On July 14, 2021, the Board of Directors of the Company declared a distribution to common stockholders in the amount of $0.22 per share. The distribution was paid on July 27, 2021 to stockholders of record as of the close of business on July 20, 2021, payable in cash or shares of common stock of the Company pursuant to the Company’s Dividend Reinvestment Plan, as amended.







Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: July 28, 2021By:/s/ Terry A. Hart
 Name: Terry A. Hart
 Title:Chief Financial Officer and Treasurer