Kayne Anderson Energy Infrastructure Fund renews $175 million credit facility, extending maturity to February 2027 with current borrowings at 1.30%.
Quiver AI Summary
Kayne Anderson Energy Infrastructure Fund, Inc. announced the renewal of its unsecured revolving credit facility, maintaining a $175 million commitment and extending the maturity to February 18, 2027. The new facility replaces the prior one that was set to mature on February 19, 2026, with interest on borrowings pegged to SOFR plus a spread of 1.30% to 2.15%, depending on the company's asset coverage ratios, currently standing at SOFR plus 1.30%. As of February 19, 2026, the company had $58 million outstanding under this facility. Kayne Anderson operates as a closed-end management investment company focused on achieving high after-tax total returns primarily through investments in energy infrastructure securities. The press release includes caution regarding forward-looking statements and urges potential investors to consult their advisers.
Potential Positives
- The renewal of the unsecured revolving credit facility maintains a substantial $175 million commitment, providing financial stability for the company.
- The extension of the maturity date to February 18, 2027, allows the company to secure financing for a longer period without the immediate pressure of renewal.
- The current interest rate of SOFR plus 1.30% for borrowings reflects favorable asset coverage levels, reducing financing costs for the company.
- The press release highlights the company's objective of providing high after-tax returns with an emphasis on cash distributions to stockholders, which may attract investors.
Potential Negatives
- The renewal of the Credit Facility with a maturity extension suggests a reliance on continued borrowing, which may indicate limited liquidity or cash flow issues.
- Borrowings under the renewed Credit Facility bear interest at a variable rate related to SOFR, which exposes the company to interest rate risk and potential increased borrowing costs in a rising rate environment.
- The fact that the company has $58 million outstanding under the Credit Facility may raise concerns about its leverage and financial health.
FAQ
What is the amount of the renewed credit facility for Kayne Anderson Energy Infrastructure Fund?
The renewed credit facility maintains the existing commitment of $175 million.
When does the renewed credit facility mature?
The renewed credit facility matures on February 18, 2027.
What interest rate applies to borrowings under the renewed credit facility?
Borrowings bear interest at SOFR plus a spread ranging from 1.30% to 2.15%, depending on asset coverage ratios.
How much does Kayne Anderson pay on unused portions of the Credit Facility?
The Company pays a commitment fee of 0.20% per annum on any unused portion of the Credit Facility.
Where can I find more information about the credit agreement?
A copy of the credit agreement is available on the Company’s website at www.kaynefunds.com/kyn.
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 6 times in the past 6 months. Of those trades, 6 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:
- INVESTMENT MANAGEMENT, LLC METLIFE has made 2 purchases buying 25,000,000 shares for an estimated $10,000,000 and 0 sales.
- JAMES C BAKER (President) has made 2 purchases buying 50,000 shares for an estimated $588,750 and 0 sales.
- MICHAEL N MEARS purchased 10,000 shares for an estimated $122,365
- AUSTIN COLBY PARKER (CFO and Treasurer) purchased 2,500 shares for an estimated $30,437
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$KYN Hedge Fund Activity
We have seen 111 institutional investors add shares of $KYN stock to their portfolio, and 100 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BROWN ADVISORY INC added 2,695,180 shares (+inf%) to their portfolio in Q4 2025, for an estimated $33,366,328
- CETERA INVESTMENT ADVISERS removed 772,780 shares (-15.3%) from their portfolio in Q4 2025, for an estimated $9,567,016
- CITY OF LONDON INVESTMENT MANAGEMENT CO LTD added 516,389 shares (+30.0%) to their portfolio in Q4 2025, for an estimated $6,392,895
- BANK OF AMERICA CORP /DE/ added 505,707 shares (+11.9%) to their portfolio in Q4 2025, for an estimated $6,260,652
- POLAR ASSET MANAGEMENT PARTNERS INC. removed 395,339 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $4,894,296
- THOMAS J. HERZFELD ADVISORS, INC. removed 321,171 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $3,976,096
- ZIMMER PARTNERS, LP added 304,700 shares (+121.9%) to their portfolio in Q4 2025, for an estimated $3,772,186
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today announced the renewal of its unsecured revolving credit facility (the “Credit Facility”). The renewed Credit Facility maintains the Company’s existing $175 million commitment and extends the maturity to February 18, 2027, replacing the prior facility that was scheduled to mature on February 19, 2026.
Borrowings under the renewed Credit Facility bear interest at SOFR plus a spread ranging from 1.30% to 2.15%, based on the Company’s asset coverage ratios. Based on current asset coverage levels, borrowings bear interest at SOFR plus 1.30%. The Company also pays a commitment fee of 0.20% per annum on any unused portion of the Credit Facility. As of February 19, 2026, the Company had $58 million outstanding under the Credit Facility.
A copy of the credit agreement is available on the Company’s website at www.kaynefunds.com/kyn .
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 annual report for a description of these investment categories and the meaning of capitalized terms.
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] .
