Kayne Anderson Energy lifts revolver size, pushes out maturity

By Sara Rosenberg

New York, Nov. 15 - Kayne Anderson Energy Development Co. amended its senior secured revolving credit facility, increasing the size to $85 million from $70 million and extending the maturity by one year to March 30, 2014, according to a news release.

The syndicate of lenders remains the same, with each lender increasing its commitment proportionally.

Pricing on the revolver is still Libor plus 200 basis points.

As of Tuesday, the company had $72 million drawn under the revolver.

Kayne Anderson is a Houston-based non-diversified, closed-end investment company.

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