By Wendy Van Sickle
Columbus, Ohio, Feb. 21 – Kayne Anderson Energy Infrastructure Fund, Inc. has reached an agreement with institutional investors for a private placement of $75 million of senior notes in two parts, according to a news release.
The $35 million of 5.65% senior notes, series WW, due May 2031 and the $40 million of 5.79% senior notes, series XX, due May 2034 are expected to close on May 20.
Proceeds will be used to refinance existing leverage and for general corporate purposes.
Kayne Anderson is a Houston-based investment company.
| Issuer: | Kayne Anderson Energy Infrastructure Fund, Inc.
|
| Amount: | $75 million
|
| Issue date: | May 20
|
| Distribution: | Private placement
|
|
|
| 2027 notes
|
| Amount: | $35 million
|
| Issue: | Senior notes, series WW
|
| Maturity: | May 2031
|
| Coupon: | 5.65%
|
|
|
| 2028 notes
|
| Amount: | $40 million
|
| Issue: | Senior notes, series XX
|
| Maturity: | May 2034
|
| Coupon: | 5.79%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
