Kayne Anderson Energy Infrastructure Fund Completes Private Placement of $50 Million of Notes
Rhea-AI Summary
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) has completed a private placement of $50 million in senior unsecured notes. The Notes consist of $25 million Series CCC with a fixed interest rate of 5.12% maturing in July 2029 and $25 million Series DDD with a fixed rate of 5.25% maturing in July 2031. The company plans to use net proceeds to refinance existing leverage and for general corporate purposes.
Kayne Anderson also previously agreed to issue $15 million of Series Y mandatory redeemable preferred shares with a fixed 5.70% dividend rate, subject to mandatory redemption in December 2031, expected to fund on October 30, 2026 subject to customary conditions. The Notes are unregistered under the Securities Act of 1933 and may only be resold under applicable exemptions.
Positive
- $50 million senior unsecured notes completed in private placement
- Staggered maturities in 2029 and 2031 at fixed rates of 5.12% and 5.25%
- Proceeds earmarked to refinance existing leverage and for corporate purposes
- Agreement to issue $15 million Series Y preferred shares at 5.70% dividend rate
Negative
- New fixed-rate Notes of $50 million add long-dated obligations
- Series Y preferred shares carry mandatory redemption of $15 million in December 2031
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, July 30, 2026 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) announced today that it completed its previously announced private placement of
The Company intends to use net proceeds from the private placement to refinance existing leverage and for general corporate purposes. The table below sets forth the key terms of the Notes issued.
| Notes Series | Amount ($ in millions) | Fixed Interest | Maturity | ||
| CCC | July 2029 | ||||
| DDD | July 2031 | ||||
| TOTAL | $50 | ||||
As previously announced, the Company also entered into an agreement to issue
The Notes issued in connection with this private placement will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least
The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions.
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.
Contact investor relations at 877-657-3863 or cef@kayneanderson.com.
