Welcome to our dedicated page for Kayne Anderson BDC SEC filings (Ticker: KBDC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Kayne Anderson BDC, Inc. (NYSE: KBDC) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures as a business development company and regulated investment company. Through these filings, investors can review how KBDC reports its private credit activities, portfolio composition and capital structure under the requirements of the Investment Company Act of 1940 and U.S. securities laws.
KBDC’s annual reports on Form 10-K and quarterly reports on Form 10-Q contain detailed information on its first lien senior secured loan portfolio, unitranche and split-lien exposures, subordinated debt and equity investments. These reports also describe its use of leverage through credit facilities and senior unsecured notes, its asset coverage ratio, and its election to be treated as a regulated investment company, which requires distribution of at least 90% of investment company taxable income.
The company’s current reports on Form 8-K document material events such as quarterly and annual financial results, dividend declarations, private placements of senior unsecured notes, amendments to credit facilities, and strategic investments like its transaction with SG Credit Partners, Inc. These filings also cover management changes and provide copies of press releases and investor presentations referenced in the disclosures.
On this page, Stock Titan pairs real-time updates from the SEC’s EDGAR system with AI-powered summaries that explain the key points of lengthy filings, helping users quickly understand changes in KBDC’s portfolio, leverage, dividends and governance. Investors can also review insider and beneficial ownership filings on forms such as Form 4 and proxy-related disclosures when available, gaining additional context on management incentives and ownership. This centralized view of KBDC’s SEC filings supports deeper analysis of its private credit strategy, risk profile and shareholder distributions.
Kayne Anderson BDC, Inc. entered equity distribution agreements allowing it to issue and sell up to $150,000,000 of common stock through several sales agents.
The program permits negotiated and at the market sales on the New York Stock Exchange or through market makers, with sales agents earning commissions of up to 1.5% of the gross sales price.
Shares cannot be sold below the company’s net asset value per share, and the adviser may pay some or all commissions or supplemental amounts so the sale price remains at or above net asset value. The company is not obligated to sell any shares and may suspend the offering at any time, with actual sales depending on market conditions and capital needs.
Kayne Anderson BDC, Inc. is offering up to $150,000,000 of common stock in an "at the market" offering. Shares will be sold by the Company through five sales agents using commercially reasonable efforts and may include exchange trades, market‑maker trades or privately negotiated transactions.
The prospectus supplement states the sales agents may receive up to 1.50% of gross sales as compensation. The company reported 66,510,355 shares outstanding as of March 25, 2026, a last NYSE close of $13.95 on that date, and an NAV per share of $16.32 as of December 31, 2025. Use of proceeds is for general corporate purposes, including investments and repaying indebtedness.
Kayne Anderson BDC, Inc. director-aligned entities reported selling a combined 164,706 shares of common stock in private transactions. Rabil Family II, LLC sold 43,020 shares and The Albert Rabil III Revocable Trust sold 121,686 shares, each at $15.84 per share, to Ventus Capital KABDC, LLC, whose manager is the company’s Chairman, James L. Robo. This amended Form 4 corrects an earlier filing that had reported only the 43,020-share sale and omitted the 121,686-share sale; the reported indirect holdings for these entities are now shown as zero following the transactions.
Kayne Anderson BDC, Inc. director James L. Robo reported additional open-market purchases of the company’s common stock through an affiliated entity. On May 28, 2025, Ventus Capital KABDC, LLC acquired 43,020 shares and a further 121,686 shares at $15.84 per share in private transactions.
All holdings are reported as indirect, reflecting ownership through Ventus Capital KABDC, LLC, where Robo is manager and also serves as Chairman of Kayne Anderson BDC’s board. Following these trades, indirect holdings rose to about 1,738,174.763 shares. This amended Form 4 corrects an earlier filing that had omitted the larger block of 121,686 shares.
Kayne Anderson BDC, Inc. director George E. Marucci Jr. purchased 9,000 shares of common stock in an open-market transaction at $13.74 per share. After this March 6, 2026 purchase, he directly owns a total of 10,000 shares of Kayne Anderson BDC common stock.
Kayne Anderson BDC, Inc. director George E. Marucci Jr reported an open-market purchase of 1,000 shares of common stock at a price of $13.96 per share. After this transaction, he directly owns 1,000 shares of Kayne Anderson BDC, Inc. common stock.
Kayne Anderson BDC, Inc. reported fourth quarter 2025 net investment income of $30.1 million, or $0.44 per share, and earnings of $0.32 per share. Net asset value was $16.32 per share, with net assets of about $1.11 billion and a debt-to-equity ratio of 1.02x.
The company’s investment portfolio had a fair value of approximately $2.2 billion across 107 portfolio companies, with about 93% in first-lien senior secured loans and 95.7% of debt investments at floating rates. Non-accrual loans were 1.4% of debt investments at fair value.
The board declared a first quarter 2026 regular dividend of $0.40 per share, payable April 16, 2026 to shareholders of record on March 31, 2026. Management highlighted strong portfolio stability, limited software exposure around 2% of the portfolio, and continued focus on value-oriented lending in defensive, private equity–backed middle market borrowers.
Kayne Anderson BDC, Inc. files its annual report outlining a senior-secured, middle‑market lending strategy focused on first lien loans, which made up 93.2% of the portfolio as of December 31, 2025. The top ten portfolio companies represented $433.1 million, or 19.7% of long‑term investments.
The company reported $1,130 million of indebtedness under credit facilities and senior unsecured notes and had 66,977,598 common shares outstanding as of February 20, 2026. A Rule 10b5‑1 repurchase plan authorizes up to $100 million of buybacks through May 24, 2026, with $59.9 million still available at year‑end 2025.
Bank of America Corporation has filed Amendment No. 1 to a Schedule 13G reporting its beneficial ownership of Kayne Anderson BDC, Inc. common stock as of December 31, 2025.
The firm reports beneficial ownership of 5,447,842 shares, representing 8.0% of the outstanding common stock, based on 68,395,751 shares disclosed by the issuer. Bank of America has shared voting power over 5,348,616 shares and shared dispositive power over 5,447,842 shares, with no sole voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Kayne Anderson BDC.
State of Michigan Retirement System has disclosed a significant ownership stake in Kayne Anderson BDC, Inc. The pension fund reports beneficial ownership of 6,566,762 shares of common stock, representing 9.601% of the company’s outstanding shares as of January 15, 2026.
The filing shows that the fund has sole power to vote and dispose of all 6,566,762 shares, with no shared voting or dispositive power. Its ownership first exceeded five percent on May 21, 2024, when it held 6,566,762 shares, or 9.234% of the then-outstanding 71,116,459 shares.
The State of Michigan Retirement System certifies that these securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Kayne Anderson BDC, Inc.