houston, February 22, 2024 (Globe Newswire) — Kayne Anderson Energy Infrastructure Fund Co., Ltd. (the “Company”) (NYSE: KYN) today announced that $135 million Unsecured Revolving Credit Facility (“Credit Facility”). The maturity date of the credit facility is February 20, 2025. The Credit Facility is in lieu of our Credit Facility. $175 million An unsecured revolving credit facility scheduled to mature in February 23, 2024.
Interest rates on outstanding borrowings under the Credit Facility may vary from SOFR plus 1.40% to SOFR plus 2.25%, depending on our asset coverage ratio. Based on our current asset coverage ratio, the interest rate is SOFR plus 1.40%. We pay a commitment fee of 0.20% per year on the undrawn amount of the Credit Facility.the current February 22, 2024our company had $ 1,000,000 Something borrowed under a credit system.
A copy of the Credit Agreement is available on our website at www.kaynefunds.com/kyn.
Kayne Anderson Energy Infrastructure Fund Co., Ltd. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock trades on the NYSE. Our investment objective is to provide high after-tax total returns with a focus on cash dividends to shareholders. KYN intends to achieve this goal by investing at least 80% of its total assets in securities of energy infrastructure companies. For a description of these investment categories and the meaning of capitalized terms, please refer to our glossary of key terms in our most recent quarterly report.
We pay cash dividends to our common stockholders at an interest rate that is adjusted from time to time. Distributions are not guaranteed and can fluctuate based on a variety of factors, including changes in portfolio holdings and market conditions.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer or sale is not permitted. The content contained in this press release is not intended to recommend any investment policy or strategy or to take into account any investor’s particular objectives or circumstances. Please consult your investment, tax, or legal advisor regarding your individual situation before making any investment.
Cautionary Note Regarding Forward-Looking Statements: This communication contains statements that reflect assumptions, expectations, projections, intentions or beliefs about future events. These and other statements that do not relate strictly to historical or current facts constitute forward-looking statements as defined below. we Federal securities laws. Forward-looking statements are subject to various risks and uncertainties. These risks include, but are not limited to, changes in economic and political conditions; Regulatory and Legal Changes. Energy industry risks. Leverage risk. Evaluation risk. interest rate risk. tax risk. and other risks described in detail in our filings. SECavailable at www.kanefunds.com or www.sec.gov. Actual events may differ materially from these statements and current expectations and projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. He can give no assurance that the Company’s investment objectives will be achieved.
Please contact Investor Relations at 877-657-3863 or cef@kayneanderson.com.
sauce: Kayne Anderson Energy Infrastructure Fund Co., Ltd.
2024 GlobeNewswire, Inc., Source press release
