Kayne Anderson Energy Infrastructure (NYSE: KYN) renewed its unsecured revolving credit facility at a $175 million commitment and extended the maturity to February 18, 2027, replacing the prior facility due Feb 19, 2026. Borrowings carry interest at SOFR +1.30%–2.15%; based on current coverage the rate is SOFR +1.30%. The company pays a 0.20% per annum commitment fee on unused capacity and had $58 million outstanding under the facility as of February 19, 2026.
The renewal preserves liquidity capacity while extending short-term funding flexibility; the credit agreement is available on the company website.
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Positive
Maintains $175 million revolving capacity
Extends maturity to Feb 18, 2027
Borrowing spread currently SOFR +1.30%
Negative
$58 million outstanding under the facility as of Feb 19, 2026
Short-term maturity horizon: only b~1 year
Key Figures
Credit facility size:$175 millionFacility maturity:February 18, 2027Interest spread range:SOFR + 1.30% to 2.15%+5 more
Released Dec 31, 2025 NAV, leverage levels and portfolio concentration data.
Pattern Detected
Recent fund updates and distributions have typically driven modest single-day moves, with no consistent bias up or down.
Recent Company History
Over the last few months, KYN has focused on regular transparency around NAV, leverage, and distributions, including detailed balance sheet updates on Dec 31, 2025 and Jan 31, 2026, monthly distribution declarations, and its 2025 annual report. Price reactions to these items have been small, both positive and negative. Today’s credit facility renewal fits into that pattern of balance-sheet and structure-related updates, reinforcing the fund’s leveraged infrastructure strategy rather than marking a major strategic shift.
Market Pulse Summary
This announcement renews KYN’s unsecured revolving credit facility, keeping the $175 million commitm...
Analysis
This announcement renews KYN’s unsecured revolving credit facility, keeping the $175 million commitment in place and extending maturity to February 18, 2027, with borrowings priced at SOFR plus a 1.30%–2.15% spread. With $58 million drawn at the announcement, the facility remains an important funding tool for a strategy that targets at least 80% of total assets in Energy Infrastructure Companies. Investors may track future leverage levels, asset coverage ratios, and subsequent filings for changes in risk or income profile.
"announced the renewal of its unsecured revolving credit facility (the “Credit Facility”)."
A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.
SOFRfinancial
"Borrowings under the renewed Credit Facility bear interest at SOFR plus a spread"
The Secured Overnight Financing Rate (SOFR) is a market benchmark that measures the cost of borrowing cash overnight using U.S. Treasury securities as collateral. Investors watch SOFR because it acts like a speedometer for short-term interest costs—affecting loan rates, bond yields and the pricing of interest-rate contracts—so movements change borrowing expenses, cash returns and the value of interest-sensitive investments.
commitment feefinancial
"The Company also pays a commitment fee of 0.20% per annum on any unused portion"
A commitment fee is a charge a lender applies to a borrower for keeping a loan or line of credit available, even before any money is drawn. Think of it as a reservation fee for borrowing power; the borrower pays to ensure funds will be there when needed. Investors care because it adds to a company’s borrowing cost, affects cash flow and liquidity, and can signal lenders’ willingness to extend credit.
asset coverage ratiosfinancial
"spread ranging from 1.30% to 2.15%, based on the Company’s asset coverage ratios."
Asset coverage ratios measure how much of a company’s tangible assets would be available to pay creditors if the company had to sell things to cover its debts. Investors use them like a safety cushion check—higher ratios mean a bigger buffer against losses and lower risk that lenders or bondholders won’t be fully repaid, which affects creditworthiness, borrowing costs, and the stability of share value.
closed-end management investment companyfinancial
"is a non-diversified, closed-end management investment company registered under the"
A closed-end management investment company is a pooled investment fund that raises a fixed amount of capital by issuing a set number of shares and then lists those shares for trading on an exchange; investors buy and sell shares on the market rather than redeeming them back to the fund. Think of it like a store with a fixed number of bottles on the shelf: the market price can be higher or lower than the underlying value of the assets, which matters to investors because it affects returns, liquidity and income characteristics independent of the fund’s actual holdings.
Investment Company Act of 1940regulatory
"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.
forward-looking statementsregulatory
"constitute forward-looking statements as defined under the U.S. federal securities laws."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
return of capitalfinancial
"There is no assurance that the Company’s investment objectives will be attained."
Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.
AI-generated analysis. Not financial advice.
HOUSTON, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today announced the renewal of its unsecured revolving credit facility (the “Credit Facility”). The renewed Credit Facility maintains the Company’s existing $175 million commitment and extends the maturity to February 18, 2027, replacing the prior facility that was scheduled to mature on February 19, 2026.
Borrowings under the renewed Credit Facility bear interest at SOFR plus a spread ranging from 1.30% to 2.15%, based on the Company’s asset coverage ratios. Based on current asset coverage levels, borrowings bear interest at SOFR plus 1.30%. The Company also pays a commitment fee of 0.20% per annum on any unused portion of the Credit Facility. As of February 19, 2026, the Company had $58 million outstanding under the Credit Facility.
A copy of the credit agreement is available on the Company’s website at www.kaynefunds.com/kyn.
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 annual report for a description of these investment categories and the meaning of capitalized terms.
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.
What did KYN announce about its revolving credit facility on February 19, 2026?
KYN renewed its unsecured revolving credit facility with a $175 million commitment and extended maturity to February 18, 2027. According to the company, the renewal replaces the prior facility that was due February 19, 2026 and preserves funding capacity.
What interest rate will KYN pay on borrowings under the renewed credit facility (NYSE: KYN)?
Borrowings bear interest at SOFR plus a spread of 1.30% to 2.15%, with current borrowings at SOFR +1.30%. According to the company, the spread varies based on asset coverage ratios and current coverage yields the lower spread.
How much was outstanding under KYN's credit facility as of February 19, 2026?
As of February 19, 2026, KYN had $58 million outstanding under the renewed credit facility. According to the company, this reflects current borrowings against the $175 million committed revolver.
What fees and unused-commitment costs apply to KYN's renewed revolver?
KYN pays a 0.20% per annum commitment fee on any unused portion of the $175 million facility. According to the company, this fee applies in addition to interest on borrowings calculated at SOFR plus the applicable spread.
How does the renewed KYN credit facility affect the company's liquidity and refinancing timeline?
The renewal preserves access to a $175 million credit line while extending maturity one year to Feb 18, 2027. According to the company, this provides near-term liquidity but still requires refinancing or extension before the new maturity date.
