By Wendy Van Sickle
Columbus, Ohio, Feb. 3 – Kayne Anderson NextGen Energy & Infrastructure, Inc. has reached an agreement with institutional investors for a private placement of $40 million of 5.18% 10-year senior notes, series F, according to a press release.
The placement is expected to be funded on March 29.
Proceeds will be used to refinance existing leverage and for general corporate purposes.
Kayne Anderson is a Houston-based investment company.
| Issuer: | Kayne Anderson NextGen Energy & Infrastructure, Inc.
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| Amount: | $40 million
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| Issue: | Senior notes, series F
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| Maturity: | March 29, 2033
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| Coupon: | 5.18%
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| Announcement date: | Feb. 3
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| Issue date: | March 29
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| Distribution: | Private placement
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