Kayne Anderson BDC, Inc. Prices Initial Public Offering

Kayne Anderson BDC, Inc. (“KBDC”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, has priced its initial public offering of 6,000,000 shares of its common stock at $16.63 per share. KBDC’s shares of common stock are expected to begin trading on the New York Stock Exchange on May 22, 2024 under the symbol “KBDC.” KBDC also granted the underwriters an option to purchase up to an additional 900,000 shares of its common stock. The closing of the offering is subject to customary closing conditions, and the shares are expected to be delivered on or about May 24, 2024.

KBDC intends to use the net proceeds from this offering to pay down some or all of its borrowings under credit facilities.

Morgan Stanley, BofA Securities, Wells Fargo Securities and RBC Capital Markets acted as lead joint book-running managers for the offering. UBS Investment Bank and Keefe, Bruyette & Woods, A Stifel Company, acted as joint book-running managers for the offering. SMBC Nikko, Regions Securities LLC, Academy Securities, and Ramirez & Co., Inc. acted as co-managers for the offering.

A registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective on May 21, 2024.

Investors are advised to carefully consider the investment objective, risks and charges and expenses of KBDC before investing. The preliminary prospectus, dated May 13, 2024, contains this and other information about KBDC and should be read carefully before investing. The information in the registration statement is not complete and may be changed.

This press release will not constitute an offer to sell or the solicitation of an offer to buy the securities described above nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of any such state or jurisdiction. Offers of these securities are made only by means of the prospectus. The SEC has not approved or disapproved these securities or passed upon the adequacy of the preliminary prospectus. Any representation to the contrary is a criminal offense.