Published on 7/28/2021 in the Prospect News Private Placement Daily.
New Issue: Kayne Anderson places $12 million of 2.44% mandatory preferreds
By Wendy Van Sickle
Columbus, Ohio, July 28 – Kayne Anderson NextGen Energy & Infrastructure, Inc. placed $12 million of mandatory redeemable preferred shares in a private placement, according to a press release.
Proceeds will be used to refinance existing leverage, to make new portfolio investments and for general corporate purposes.
Kayne Anderson is a Houston-based investment company.
| Issuer: | Kayne Anderson NextGen Energy & Infrastructure, Inc.
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| Issue: | Mandatory preferred shares, series J
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| Amount: | $12 million
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| Coupon: | 2.44%
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| Settlement date: | July 28
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| Distribution: | Private placement
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