Kayne Anderson Energy Infrastructure Fund announces a $100 million private placement of senior unsecured notes to refinance debt and support operations.
Quiver AI Summary
Kayne Anderson Energy Infrastructure Fund, Inc. announced a private placement agreement for $100 million in senior unsecured notes, expected to close around October 15, 2025. The proceeds from this placement will be used to refinance existing debt and for general corporate purposes. The offering includes two series of notes: $60 million maturing in October 2028 with a fixed rate of 4.3%, and $40 million maturing in October 2030 with a rate of 4.6%. The notes will not be registered under the Securities Act and may not be sold in the U.S. without proper exemption. The fund aims to provide high after-tax returns through investments in energy infrastructure securities and offers cash distributions to stockholders that may vary. The press release also contains cautionary notes regarding forward-looking statements and encourages potential investors to consult with advisors before investing.
Potential Positives
- The company secured a $100 million private placement of senior unsecured notes, enhancing its financial flexibility and capital structure.
- Net proceeds from the offering will be used to refinance existing leverage, potentially reducing interest costs and improving financial stability.
- The issuance of the notes reflects investor confidence in the company's strategy and financial performance, which could positively influence market perception.
- The structured maturity of the notes (October 2028 for AAA and October 2030 for BBB) suggests a long-term financing strategy, aligning with the company's investment objectives.
Potential Negatives
- The issuance of senior unsecured notes indicates the company may be facing difficulties managing its existing leverage, necessitating refinancing efforts.
- The non-registered status of the notes may limit their attractiveness to potential investors, potentially resulting in lower demand or higher borrowing costs.
- The lack of guaranteed cash distributions may concern investors regarding the stability of their returns, especially in the context of changing economic and market conditions.
FAQ
What is the recent private placement by Kayne Anderson Energy Infrastructure Fund?
Kayne Anderson Energy Infrastructure Fund announced a private placement of $100 million in senior unsecured notes to refinance leverage and for corporate purposes.
When is the private placement expected to close?
The private placement is expected to close on or about October 15, 2025.
What are the key terms of the senior unsecured notes?
The notes include $60 million at a 4.3% fixed rate maturing in October 2028 and $40 million at a 4.6% fixed rate maturing in October 2030.
Will the notes be registered under the Securities Act?
No, the notes will not be registered under the Securities Act of 1933 and cannot be offered or sold in the U.S. without registration or exemption.
What is the investment objective of Kayne Anderson Energy Infrastructure Fund?
The fund aims to provide a high after-tax total return with an emphasis on cash distributions to stockholders by investing in energy infrastructure securities.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KYN Insider Trading Activity
$KYN insiders have traded $KYN stock on the open market 9 times in the past 6 months. Of those trades, 9 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $KYN stock by insiders over the last 6 months:
- JAMES C BAKER (President) has made 4 purchases buying 100,000 shares for an estimated $1,212,845 and 0 sales.
- HARRISON JAMES LITTLE (Executive Vice President) purchased 5,000 shares for an estimated $61,802
- MICHAEL J O'NEIL (Executive VP & Secretary) has made 3 purchases buying 4,400 shares for an estimated $50,126 and 0 sales.
- AUSTIN COLBY PARKER (CFO and Treasurer) purchased 2,000 shares for an estimated $22,259
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$KYN Hedge Fund Activity
We have seen 105 institutional investors add shares of $KYN stock to their portfolio, and 99 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- KAYNE ANDERSON CAPITAL ADVISORS LP removed 1,614,122 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $20,531,631
- TERRIL BROTHERS, INC. added 608,995 shares (+133.0%) to their portfolio in Q2 2025, for an estimated $7,746,416
- PENSERRA CAPITAL MANAGEMENT LLC removed 452,979 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $5,811,720
- STANSBERRY ASSET MANAGEMENT, LLC removed 380,014 shares (-31.4%) from their portfolio in Q2 2025, for an estimated $4,833,778
- TWO SIGMA INVESTMENTS, LP added 320,354 shares (+inf%) to their portfolio in Q2 2025, for an estimated $4,074,902
- POLAR ASSET MANAGEMENT PARTNERS INC. added 308,209 shares (+373.1%) to their portfolio in Q2 2025, for an estimated $3,920,418
- MORGAN STANLEY added 307,494 shares (+3.3%) to their portfolio in Q2 2025, for an estimated $3,911,323
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) announced today that it reached an agreement with institutional investors relating to a private placement of $100 million of senior unsecured notes (“Notes”). The private placement is expected to close on or about October 15, 2025.
Net proceeds will be used to refinance existing leverage and for general corporate purposes. The table below sets forth the key terms of the Notes to be issued.
| Notes Series |
Amount
($ in millions) |
Fixed Rate | Maturity | |
| AAA | $60 | 4.43% | October 2028 | |
| BBB | $40 | 4.60% | October 2030 | |
Closing of this transaction is subject to investor due diligence, legal documentation, and other standard closing conditions. The Notes issued in connection with this private placement will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.
The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions.
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov . Actual events could differ materially from these statements or our present expectations or 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. There is no assurance that the Company’s investment objectives will be attained.
Contact investor relations at 877-657-3863 or [email protected] .
