Business
Kayne Anderson BDC, Inc. Announces December 31, 2024 Financial Results and Declares First Quarter 2025 Dividend of $0.40 Per Share
CHICAGO, March 03, 2025--Kayne Anderson BDC, Inc. (NYSE: KBDC) ("KBDC or the Company"), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, today announced its financial results for the fourth quarter ended December 31, 2024.
About this update from Kayne Anderson Bdc, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":8001,"height":1047,"url":"https://media.zenfs.com/en/business-wire.com/110d7f4b161d63576e287bf7c0f0102d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/OXlwkw3NFVLOi3x7aAyxjQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTEyNjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/110d7f4b161d63576e287bf7c0f0102d","width":960,"height":126},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/0ej70tiRMTbNoBDNxAvdpw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0zMTQ7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/110d7f4b161d63576e287bf7c0f0102d","width":1200,"height":157}},"lazy":false},{"type":"text","content":"CHICAGO, March 03, 2025--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) ("KBDC or the Company"), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, today announced its financial results for the fourth quarter ended December 31, 2024.","length":302,"tagName":"p"},{"type":"text","content":""During the fourth quarter we added 8 new investments to our platform consistent with our strategy of lending to stable industries, producing attractive debt investment opportunities with lower leverage and correspondingly higher interest coverage," said Ken Leonard, Co-Chief Executive Officer. "Our portfolio continued to perform well during the fourth quarter with only 1.3% of debt investments on non-accrual status and just 1.1% of interest income for the quarter represented by PIK income."","length":516,"tagName":"p"},{"type":"text","content":""During the fourth quarter we continued to make progress towards our leverage target and expect to achieve the low end of our debt-to-equity target range of 1.0x – 1.25x by the second or third quarter of 2025," said Doug Goodwillie, Co-Chief Executive Officer. "We continue to identify and secure middle market loans at compelling risk-adjusted returns, with the first quarter of 2025 positioning itself as one of our strongest quarters for origination since the inception of KBDC."","length":502,"tagName":"p"},{"type":"text","content":"Financial Highlights for the Quarter Ended December 31, 2024","length":60,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","...