KAYNE ANDERSON ENERGY INFRASTRUCTURE FUND, INC. Kayne Anderson Energy Infrastructure Fund, Inc. announced that it that it has entered into a $175 million unsecured revolving credit facility (the Credit Facility) with a syndicate of lenders. The Credit Facility matures on February 23, 2024. The Credit Facility replaces the Company's $200 million unsecured revolving credit facility that was scheduled to mature on February 24, 2023.
The interest rate on outstanding borrowings under the Credit Facility may vary between SOFR plus 1.40% and SOFR plus 2.25%, depending on the Company's asset coverage ratios. Based on the Company's current asset coverage ratios, the interest rate is SOFR plus 1.40%. The Company will pay a commitment fee of 0.20% per annum on any unused amounts of the Credit Facility.
As of February 24, 2023, the Company did not have any borrowings outstanding under the Credit Facility.
