Kayne Anderson Energy closes $50 million three-year term loan

By Wendy Van Sickle

Columbus, Ohio, Aug. 6 – Kayne Anderson Energy Infrastructure Fund entered into a $50 million unsecured term loan with Sumitomo Mitsui Banking Corp., according to a press release.

The loan matures on Aug. 6, 2024.

Interest on half of the loan is Libor plus 130 basis points. Interest on the other $25 million is fixed at 1.735%.

Proceeds will be used to repay outstanding debt and for general corporate purposes.

Houston-based KA Fund Advisors, LLC manages the fund.

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