Kayne Anderson BDC, Inc. filings document the regulatory disclosures of a NYSE-listed business development company that invests mainly in middle-market credit. The record includes 8-K reports for operating results, earnings-call materials, Regulation FD announcements, material definitive agreements, senior unsecured notes, interest-rate swaps and equity distribution arrangements.
Proxy materials cover director elections and auditor ratification, while registration-related disclosures describe common stock issuance mechanics under its shelf registration framework. The filings also address KBDC's BDC structure, external management by KA Credit Advisors, LLC, capital structure, governance matters and recurring financial reporting for its loan portfolio.
Kayne Anderson BDC, Inc. (KBDC) said it will release financial results for the third quarter ended September 30, 2026, on November 5, 2026, after financial markets close. It will hold a conference call to review the results on November 6, 2026, at 12:00 p.m. Eastern Time.
Kayne Anderson BDC, Inc. (KBDC) director James L. Robo reported a September 28, 2026 purchase of 146,755 common shares by Ventus Capital, LLC at $13.0330 per share. Robo is the LLC’s manager and KBDC’s board chairman. Ventus Capital, LLC held 766,716 shares following the purchase; a separate indirect holding entry lists 1,738,174 shares for Ventus Capital KABDC, LLC. No Rule 10b5-1 plan is reported.
Kayne Anderson BDC, Inc. (KBDC) director James L. Robo reported an indirect purchase by Ventus Capital, LLC of 105,000 common shares at $13.046 per share on September 24, 2026. Ventus Capital, LLC held 619,961 shares following the purchase. Robo is the LLC’s manager and KBDC’s chairman of the board of directors. A separate holding entry lists 1,738,174 shares held indirectly through Ventus Capital KABDC, LLC as of September 22, 2026. No Rule 10b5-1 plan is reported.
Kayne Anderson BDC, Inc. (KBDC) director James L. Robo reported two indirect purchases of common stock by Ventus Capital, LLC: 94,120 shares at $13.0790 per share on September 23, 2026, and 20,841 shares at $13.1350 per share on September 22, 2026. A separate entry dated September 22, 2026 lists 1,738,174 shares held indirectly by Ventus Capital KABDC, LLC. The purchases were not reported under a Rule 10b5-1 plan.
Kayne Anderson BDC, Inc. (KBDC) director James L. Robo, through entities he manages, reported open-market or private purchases of a total of 400,000 shares of common stock. Ventus Capital, LLC purchased 340,000 shares on September 16, 2026 at $13.038 per share and 60,000 shares on September 14, 2026 at $13.017 per share, all held indirectly. As of September 14, 2026, an affiliated entity, Ventus Capital KABDC, LLC, held 1,738,174 shares of KBDC common stock indirectly. No Rule 10b5-1 trading plan is reported for these transactions.
Koch Companies Defined Benefit Master Trust (Koch Pension) and Koch, Inc. report beneficial ownership of common stock of Kayne Anderson BDC, Inc. Amendment No. 3 states that Koch Pension holds 8,700,507 Public Shares of common stock, par value $0.001 per share.
These 8,700,507 shares represent 13.2% of the Public Shares of Kayne Anderson BDC, Inc., based on 66,037,810 Public Shares deemed outstanding as of August 5, 2026, as referenced in the company’s Quarterly Report on Form 10-Q. Both Koch Pension and Koch, Inc. report sole voting and sole dispositive power over the 8,700,507 shares, with no shared voting or dispositive power.
Kayne Anderson BDC, Inc. reported second quarter 2026 results with net investment income (NII) of $27.6 million, or $0.42 per share, slightly above its regular quarterly dividend of $0.40 per share. Annualized return on equity based on NII was 10.5%. The board declared a third quarter 2026 dividend of $0.40 per share, payable on October 16, 2026 to shareholders of record on September 30, 2026.
At June 30, 2026, total assets were $2.34 billion and the investment portfolio at fair value was $2.27 billion across 104 portfolio companies, with about 93% in first-lien senior secured debt and 95.3% floating-rate exposure. Net asset value was $1.06 billion, or $16.00 per share, modestly lower than the prior quarter, reflecting $12.2 million of realized losses and $4.6 million of net unrealized losses, partly from liquidations, restructurings, and exiting broadly syndicated loans.
Total debt outstanding was $1.24 billion, giving a debt-to-equity ratio of 1.17x, within the company’s 1.0x–1.25x target range, and the asset coverage ratio was 186%. Non-accrual investments were $59.1 million at fair value, or 2.7% of debt investments. Liquidity included $39.7 million of cash and $437 million of undrawn committed debt capacity.
KBDC holds a highly diversified portfolio of primarily first lien senior secured loans to middle-market companies across many sectors, including food products, health care, industrials, commercial services, containers and packaging, building products, and telecommunications. Most loans reference floating benchmarks such as SOFR (daily simple, monthly, or quarterly) or PRIME, with contractual spreads typically in the mid-single- to high-single-digit range.
The portfolio includes term loans, revolving credit facilities, and delayed draw structures, many with maturities extending into the late 2020s and early 2030s, indicating a long-dated income stream. Several investments incorporate PIK (payment-in-kind) components in addition to cash interest. Alongside debt holdings, the company also owns equity stakes in numerous borrowers, including common, preferred, and membership units, as well as convertible notes. Short-term liquidity is supported by positions in institutional money market funds.
Kayne Anderson BDC, Inc. filed an 8-K to inform investors about its upcoming second-quarter 2026 earnings release and conference call. The company plans to publish results for the quarter ended June 30, 2026 after markets close on August 10, 2026.
Management will host an earnings call on August 11, 2026 at 10:00 a.m. Eastern Time to review the results, with access provided via telephone dial-in and webcast. The filing notes this information is furnished under Regulation FD, not filed, and includes a press release describing Kayne Anderson BDC’s focus on first lien senior secured lending to middle market companies.
Kayne Anderson BDC, Inc. reported that Albert Rabil III resigned from its Board of Directors effective immediately on June 29, 2026. He was an “interested” director under the Investment Company Act of 1940 due to his employment with Kayne Anderson Capital Advisors, L.P.
His Class III board term would otherwise have run until the 2029 annual stockholder meeting. The company states that his resignation was not due to any disagreement regarding operations, policies, or practices. After his departure, the Board consists of six directors, including four Independent Directors who are not “interested” persons under the 1940 Act.