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HOUSTON—James L. Robo, the Chairman of the Board of Directors at Kayne Anderson BDC, Inc. (NASDAQ:KBDC), a business development company with a market capitalization of $1.1 billion, recently acquired a significant amount of the company’s common stock. According to a recent SEC filing, Robo purchased 43,020 shares on May 28, 2025, at a price of $15.84 per share, just below the current trading price of $15.98. This transaction, valued at approximately $681,436, was conducted through a private transaction with Albert Rabil, an interested director of KBDC.
Following this acquisition, Robo, through Ventus Capital KABDC, LLC, a company he manages, now holds 1,616,488.763 shares in Kayne Anderson BDC. This move underscores Robo’s continued confidence in the firm’s prospects.
In other recent news, Kayne Anderson BDC, Inc. reported its financial results for the fourth quarter of 2024, maintaining a stable net asset value (NAV) per share at $16.70, consistent with the previous quarter. The company achieved a net investment income of $34.0 million, or $0.48 per share, which marked a slight decrease from $0.52 per share in the prior quarter. This decrease was attributed to reduced reference rates and a $0.7 million impact from placing Sundance on non-accrual status. The company’s investment activity included new private credit and equity co-investment commitments totaling $230.6 million, with net funded investments increasing by $69.4 million. Additionally, Kayne Anderson BDC amended its Corporate Credit Facility, extending its maturity while reducing the spread from SOFR plus 2.35% to SOFR plus 2.10%. The company declared a regular dividend of $0.40 per share, payable on April 15, 2025, to shareholders of record as of March 31, 2025. Co-Chief Executive Officer Doug Goodwillie expressed confidence in achieving the lower end of the company’s debt-to-equity target range by mid-2025. The company’s debt-to-equity ratio stood at 0.72x as of December 31, 2024, with an asset coverage ratio of 238%.
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