Chicago, April 27 – Kayne Anderson Energy Infrastructure Fund, Inc. sold a two-part offering of $70 million of senior notes in a private placement expected to close on May 11, according to a press release.
The notes came in two tranches. The first $50 million of series PP notes due June 19, 2026 carry a floating rate of Libor plus 125 basis points.
The second series QQ tranche for $20 million due June 19, 2025 priced were sold with a fixed 1.81% coupon.
Proceeds will be used for general corporate purposes.
Kayne Anderson is a Houston-based investment company.
| Issuer: | Kayne Anderson Energy Infrastructure Fund, Inc.
|
| Issue: | Senior notes
|
| Amount: | $70 million
|
| Announcement date: | April 27
|
| Settlement date: | May 11
|
| Distribution: | Private placement
|
|
|
| Floating-rate notes
|
| Issue: | Floating-rate senior notes, series PP
|
| Amount: | $50 million
|
| Maturity: | June 19, 2026
|
| Coupon: | Libor plus 125 bps
|
|
|
| Fixed-rate notes
|
| Issue: | Fixed-rate senior notes, series QQ
|
| Amount: | $20 million
|
| Maturity: | June 19, 2025
|
| Coupon: | 1.81%
|
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