Metlife investment management buys KYN notes for $25 million

Published 17/10/2025, 22:00
Metlife investment management buys KYN notes for $25 million

MetLife Investment Management, LLC, a ten-percent owner of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN), a $1.96 billion market cap company currently trading at $11.52, reported purchasing notes of the company worth $25 million on October 15, 2025. According to InvestingPro, KYN maintains an impressive 8.18% dividend yield and has maintained dividend payments for 19 consecutive years. The purchases included $10 million in 4.43% Series AAA Senior Unsecured Notes Due October 16, 2028, and $15 million in 4.60% Series BBB Senior Unsecured Notes Due October 15, 2030.

The $10 million in 4.43% Series AAA Senior Unsecured Notes were purchased at a price of $10000000.0. The $15 million in 4.60% Series BBB Senior Unsecured Notes were purchased at a price of $15000000.0.

These securities are held directly by a client for whom MetLife Investment Management, LLC, serves as investment manager. MetLife Investment Management, LLC, disclaims beneficial ownership of the securities reported, except to the extent of its pecuniary interest. The company trades at an attractive P/E ratio of 3.61, with additional financial insights available on InvestingPro.

In other recent news, Kayne Anderson Energy Infrastructure Fund, Inc. announced it has secured an agreement with institutional investors for a private placement of $100 million in senior unsecured notes. This transaction is anticipated to close around October 15, 2025. The issuance will comprise two series of notes: $60 million in Series AAA notes with a fixed interest rate of 4.43% maturing in October 2028, and $40 million in Series BBB notes with a fixed interest rate of 4.60% maturing in October 2030. These developments reflect the company’s ongoing efforts to manage its financial strategy. The announcement of this private placement is a significant move for Kayne Anderson Energy Infrastructure Fund as it navigates its future financial commitments. This agreement with institutional investors highlights the company’s ability to attract investment and secure favorable terms. Investors may be interested in how this financial maneuver could impact the company’s long-term strategy.

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