Kayne Anderson Energy Infrastructure Fund Prices Private Placement of Notes and Mandatory Redeemable Preferred Shares

Rhea-AI Summary

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) agreed to a private placement of $50 million senior unsecured notes and $15 million mandatory redeemable preferred shares with institutional investors, totaling $65 million. The transaction is expected to close on or about July 30, 2026, with the notes funding at closing and the MRP Shares funding on a delayed basis on October 30, 2026.

The notes comprise $25 million Series CCC due July 2029 at a 5.12% fixed rate and $25 million Series DDD due July 2031 at 5.25%. The $15 million Series Y MRP Shares carry a 5.70% fixed dividend and a mandatory redemption date in December 2031. According to the company, net proceeds will be used to refinance existing leverage and for general corporate purposes. Closing remains subject to due diligence, legal documentation, and standard conditions, and the securities will not be registered under the Securities Act.

Positive

• $65 million total capital raised through notes and MRP Shares
• Staggered maturities in 2029, 2031, and December 2031
• Use of proceeds to refinance existing leverage and for corporate purposes

Negative

• New fixed obligations at rates up to 5.70% through December 2031

News Market Reaction – KYN

+0.07% 3.4x vol

1 alert

+0.07% Session close to close

$2.39B Market Cap

3.4x Rel. Volume

In the Jul 17 session, KYN gained 0.07%, reflecting a mild positive market reaction. Trading volume was very high at 3.4x the daily average, suggesting strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Set against recent insider activity showing Net Buying over the last 90 days and very low short posi...

Analysis

Set against recent insider activity showing Net Buying over the last 90 days and very low short positioning, this new private placement mainly adjusts KYN’s liability mix. Investors may watch how the added notes and MRP terms interact with ongoing distribution policies.

Key Figures

Senior notes size: $50 million MRP Shares size: $15 million Series CCC notes: $25 million at 5.12% +4 more

7 metrics

Senior notes size $50 million Private placement of senior unsecured notes

MRP Shares size $15 million Private placement of mandatory redeemable preferred shares

Series CCC notes $25 million at 5.12% Fixed rate, maturing July 2029

Series DDD notes $25 million at 5.25% Fixed rate, maturing July 2031

Series Y MRP Shares $15 million at 5.70% Dividend rate, mandatory redemption December 2031

Total securities $65 million Combined notes and MRP Shares in private placement

Energy infrastructure allocation At least 80% of total assets Target investment in Energy Infrastructure Companies

Previous Private placement Reports

4 past events · Latest: Oct 15 (Neutral)

Same Type Pattern 4 events

Date	Event	Sentiment	24h Move	Catalyst
Oct 15	Notes private placement	Neutral	-1.6%	Completed $100M senior unsecured notes issuance to refinance leverage and for corporate use.
Sep 17	Notes private placement	Neutral	-0.2%	Priced $100M senior unsecured notes placement with institutional investors for refinancing leverage.
Sep 18	Notes and MRP placement	Neutral	-0.4%	Completed $70M notes and $30M MRP Shares placement for leverage refinancing and corporate purposes.
Aug 13	Notes and MRP pricing	Neutral	+0.7%	Announced $70M notes and $30M MRP Shares private placement with fixed rates and maturities.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Across four prior private placement announcements, KYN’s average next-day move was a modest decline of about -0.36%, with three of four events showing negative price reactions.

Key Terms

private placement, senior unsecured notes, mandatory redeemable preferred shares, investment company act of 1940

4 terms

private placement financial

"reached an agreement with institutional investors relating to a private placement of $50 million"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

senior unsecured notes financial

"a private placement of $50 million of senior unsecured notes (“Notes”)"

Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.

mandatory redeemable preferred shares financial

"$15 million of mandatory redeemable preferred shares (“MRP Shares”)"

A share that pays a fixed return and must be bought back by the issuer at a set time or upon a predetermined event, combining features of stock and a loan. It matters to investors because holders get priority on payments and a promised repayment date—like lending money with a scheduled payback—so these shares limit upside from company growth but reduce risk compared with ordinary shares and can affect a company’s future cash needs.

investment company act of 1940 regulatory

"investment company registered under the Investment Company Act of 1940, as amended"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HOUSTON, July 16, 2026 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) announced today that it reached an agreement with institutional investors relating to a private placement of $50 million of senior unsecured notes (“Notes”) and $15 million of mandatory redeemable preferred shares (“MRP Shares”). The private placement is expected to close on or about July 30, 2026. The Notes are expected to fund at closing, and the MRP Shares are expected to fund on a delayed basis on October 30, 2026.

The Company intends to use the 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 and MRP Shares to be issued.

Notes / MRP Shares	Series	Amount ($ in millions)		Fixed Interest / Dividend Rate	Maturity / Mandatory Redemption Date
Notes	Series CCC	$25		5.12%	July 2029
Notes	Series DDD	$25		5.25%	July 2031
MRP Shares	Series Y	$15		5.70%	December 2031
TOTAL		$65

Closing of this transaction is subject to investor due diligence, legal documentation, and other standard closing conditions. The Notes and MRP Shares 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 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

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.

FAQ

What did Kayne Anderson Energy Infrastructure Fund (KYN) announce on July 16, 2026?

Kayne Anderson Energy Infrastructure Fund (KYN) announced a private placement of $50 million senior unsecured notes and $15 million mandatory redeemable preferred shares. According to the company, the total $65 million transaction is with institutional investors and is expected to close on or about July 30, 2026.

What are the terms of KYN's $50 million senior unsecured notes private placement?

KYN agreed to issue $50 million of senior unsecured notes in two series: $25 million Series CCC at 5.12% maturing July 2029 and $25 million Series DDD at 5.25% maturing July 2031. According to the company, the notes are expected to fund at closing.

What are the terms of Kayne Anderson Energy Infrastructure Fund's $15 million mandatory redeemable preferred shares (KYN)?

KYN plans to issue $15 million of Series Y mandatory redeemable preferred shares with a fixed 5.70% dividend rate and mandatory redemption in December 2031. According to the company, these MRP Shares are expected to fund on a delayed basis on October 30, 2026.

When will KYN's private placement of notes and MRP shares close and fund?

The private placement is expected to close on or about July 30, 2026. According to the company, the notes should fund at closing, while the mandatory redeemable preferred shares are expected to fund later on October 30, 2026, subject to standard closing conditions.

How will Kayne Anderson Energy Infrastructure Fund (KYN) use the proceeds from the $65 million private placement?

KYN intends to use the net proceeds from the $65 million private placement to refinance existing leverage and for general corporate purposes. According to the company, this includes both the senior unsecured notes and the mandatory redeemable preferred shares issued to institutional investors.

Are KYN's new notes and mandatory redeemable preferred shares registered under the Securities Act of 1933?

The new notes and mandatory redeemable preferred shares will not be registered under the Securities Act of 1933. According to the company, these securities may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.