Kayne Anderson MLP/Midstream Investment Company Prices Private Placement of $200 Million of Mandatory Redeemable Preferred Shares
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN)
US:NYSE Investor Relations:
kaynefunds.com/kyn/fact-sheet
Company Research
Source: GlobeNewswire
HOUSTON, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the “Company”) announced that it reached a conditional agreement with institutional investors relating to a private placement of $200 million of Mandatory Redeemable Preferred Shares (“MRP Shares”). The private placement is expected to close on or about December 10, 2019, and there will be two fundings in connection with the transaction: (a) $100 million of Series L MRP Shares and $75 million of Series M MRP Shares will be issued on February 11, 2020, and (b) $25 million of Series N MRP Shares will be issued on May 12, 2020. Net proceeds from the fundings will be used to refinance existing leverage including the redemption of $125 million of Series F MRP Shares (due for mandatory redemption April 15, 2020), the redemption of $25 million of Series K MRP Shares (due for mandatory redemption April 10, 2020), and the redemption of $42 million of Series C MRP Shares (due for mandatory
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- Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.22 per Share for Q1 2024GlobeNewswire
- Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios at February 29, 2024GlobeNewswire
- Kayne Anderson Energy Infrastructure Fund Enters Into $135 Million Revolving Credit FacilityGlobeNewswire
KYN
Sec Filings
- 4/23/24 - Form NPORT-P
- 4/22/24 - Form N-30B-2
- 2/28/24 - Form DEF
- KYN's page on the SEC website