New Issue: Kayne Anderson Energy to place $90 million notes, $20 million redeemable preferreds

By Wendy Van Sickle

Columbus, Ohio, May 4 – Kayne Anderson Energy Infrastructure Fund, Inc. has reached an agreement with institutional investors for a private placement of $90 million of senior notes in two series and $20 million of 5.07% series T mandatory redeemable preferred shares, according to a press release.

The notes include $45 million of 4.57% series RR notes due 2032 to be issued on May 18 and $45 million of 4.67% series SS notes due 2034, which will be issued on Aug. 2, along with the mandatory redeemable preferreds

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 Energy Infrastructure Fund, Inc.
Issue:	Senior notes and mandatory redeemable preferred shares
Amount:	$110 million
Announcement date:	May 3
Distribution:	Private placement
Series RR notes
Amount:	$45 million
Maturity date:	May 18, 2032
Coupon:	4.57%
Issue date:	May 18
Series SS notes
Amount:	$45 million
Maturity date:	Aug. 2, 2034
Coupon:	4.67%
Issue date:	Aug. 2
Issue:	Mandatory redeemable preferred shares, series T
Amount:	$20 million
Maturity:	Aug. 2, 2032
Dividend:	5.07%
Issue date:	Aug. 2

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