Kayne Anderson Energy enters $135 million revolving facility

By Wendy Van Sickle

Columbus, Ohio, Feb. 22 – Kayne Anderson Energy Infrastructure Fund, Inc. entered into a $135 million unsecured revolving credit facility, according to a press release on Thursday.

The revolver matures on Feb. 20, 2025.

It replaces a $175 million revolver that was due to mature on Feb. 23, 2024.

As of Feb. 22, $1 million was drawn on the revolver.

The revolver bears interest at SOFR plus a margin ranging from 140 basis points to 225 bps, depending on the company’s asset coverage ratios. The current margin is 140 bps, and there is a commitment fee of 20 bps.

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

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