05:02 PM EDT, 09/09/2025 (MT Newswires) -- Kayne Anderson BDC ( KBDC ) said late Tuesday it closed an offering of $200 million of senior unsecured notes.

The placement comprised $40 million of floating rate series C 2028 notes with a rate of secured overnight financing rate plus 2.32%, $60 million of 5.80% series D notes due 2028, and $100 million of 6.15% series E notes due 2030, according to a statement.

In connection with the series D and E notes, the company entered into interest rate swaps to align the rates of its liabilities with its portfolio of primarily floating-rate loans.

Net proceeds will be used to refinance existing debt and for general corporate purposes, according to the company.