KBDC

EX-99.1

2 ea031103201ex99-1.htm

PRESS RELEASE OF KAYNE ANDERSON BDC, INC., DATED NOVEMBER 5, 2026

Exhibit 99.1

Kayne Anderson BDC, Inc. Announces September 30, 2026 Financial Results and Declares Fourth Quarter 2026 Dividend of $0.40 Per Share

CHICAGO--(BUSINESS WIRE)-- Kayne Anderson BDC, Inc.

(NYSE: KBDC) (“KBDC” or the “Company”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, today announced its financial results for the third quarter ended September 30, 2026.

Financial Highlights for the Quarter Ended September 30, 2026

●Net investment income of $30.2 million, or $0.46 per share;

●Net asset value of $15.71 per share, decreased from $16.00 per share as of June 30, 2026, primarily as a result of realized and unrealized losses of $0.36, partially offset by higher net investment income earned over distributions paid of $0.06 and accretive share repurchases of $0.01;

●New private credit and equity investment commitments of $76.3 million, fundings of $91.9 million and repayments of $114.9 million, resulting in a net funded decrease of $23.0 million;

●The Company’s Board of Directors (the “Board”) declared a dividend of $0.40 per share, to be paid on January 19, 2027, to stockholders of record as of December 31, 2026.

“Third quarter net investment income of $0.46 per share exceeded our $0.40 base dividend and generated an annualized ROE from net investment income of 11.7%,” said Doug Goodwillie, Co-Chief Executive Officer. “Our credit performance has been exemplary since our IPO in May 2024, but we did experience some pressure this quarter with a slight decline in NAV per share and a momentary increase in non-accruals. We expect to resolve the few related credit issues in the portfolio in the near future which should support NAV stability and bring non-accrual metrics back in-line with our strong historical track record. The portfolio remains healthy as our value lending credit philosophy dictates investing via conservative capital structures in first-lien loans to core middle market businesses in stable and staple industries. This strategy positions KBDC to deliver attractive risk adjusted returns to our shareholders.”

“With the declaration of our fourth quarter dividend, we delivered on our commitment to pay the $0.40 base dividend throughout 2026 and we ended the quarter with $0.32 per share of undistributed net investment income,” said Ken Leonard, Co-Chief Executive Officer. “We remained selective this quarter, committing $76 million to new private credit investments. With over $500 million of liquidity, we are well-positioned to support our sponsor partners as deal activity picks up. Our income-producing portfolio earns an average spread of 587 basis points over SOFR. That spread, together with recent increases in reference rates and the long-term health of our portfolio, gives us confidence that we can maintain our base dividend going forward.”

Selected Financial Highlights

As of

(in thousands, except per share data) September 30,

2026 June 30,

2026

Portfolio company investments, at fair value $2,222,668 $2,266,618

Total assets $2,288,551 $2,341,758

Total debt outstanding, at principal $1,212,000 $1,238,000

Net assets $1,036,262 $1,059,652

Net asset value per share $15.71 $16.00

Total debt-to-equity ratio

1.17x 1.17x

For the quarter ended

September 30,

2026 June 30,

2026

Net investment income per share $          0.46 $  0.42

Net realized and unrealized gains (losses) per share(1) $(0.36) $(0.26)

Earnings per share $0.10 $0.16

Regular dividend per share $0.40 $0.40

(1)Amounts shown may not correspond for the period as it includes the effect of the timing of the distribution, shares repurchased, and the issuance of common stock.

Results of Operations

Total investment income for the quarter ended September 30, 2026 was $59.0 million, as compared to $55.7 million for the quarter ended June 30, 2026. The increase was primarily related to prepayment and accelerated amortization from realizations in the quarter and higher average outstanding private credit investment balances during the quarter. PIK income represented 4.9% of total interest income for the quarter, as compared to 4.5% for the quarter ended June 30, 2026.

Net investment income for the quarter ended September 30, 2026 was $30.2 million or $0.46 per share as compared to $27.5 million or $0.42 per share for the quarter ended June 30, 2026. Net expenses for the quarter were $28.8 million, as compared to $28.2 million for the quarter ended June 30, 2026. The increase was primarily related to higher interest expense associated with increased average borrowings, partially offset by lower incentive fees.

For the quarter ended September 30, 2026, the Company had a realized loss of $14.9 million and had a net change in unrealized losses on investments of $8.5 million. The realized loss was due to the restructure of American Soccer Company, Incorporated (Score), wher

EX-99.1

2 ea030128201ex99-1.htm

PRESS RELEASE OF KAYNE ANDERSON BDC, INC., DATED AUGUST 10, 2026

Exhibit 99.1

Kayne Anderson BDC, Inc. Announces June 30, 2026 Financial Results and Declares Third Quarter 2026 Dividend of $0.40 Per Share

CHICAGO--(BUSINESS WIRE)-- Kayne Anderson BDC, Inc. (NYSE:

KBDC) (“KBDC or the Company”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, today announced its financial results for the second quarter ended June 30, 2026.

Financial Highlights for the Quarter Ended June 30, 2026

·Net investment income of $27.5 million, or $0.42 per share;

·Net asset value of $16.00 per share, decreased from $16.23 per share as of March 31, 2026, primarily as a result of realized and unrealized losses of $0.26, partially offset by higher net investment income earned over distributions paid of $0.02 and accretive share repurchases of $0.01;

·New private credit and equity investment commitments of $138.7 million, fundings of $146.4 million and repayments of $38.1 million, resulting in a net funded private credit and equity investment increase of $108.3 million;

·Sales and repayments of the remaining broadly syndicated loans of $29.8 million;

·The Company’s Board of Directors (the “Board”) declared a regular dividend of $0.40 per share, to be paid on October 16, 2026 to stockholders of record as of September 30, 2026.

“We delivered another quarter of solid performance, with net investment income of $0.42 per share covering our dividend and an annualized ROE on net investment income of 10.5%," said Doug Goodwillie, Co-Chief Executive Officer. "Our year-to-date results highlight the resilience of our value lending strategy. This strategy’s core philosophy involves lending to stable industries with conservative leverage at the borrower level, thereby mitigating many of the challenges currently facing the private credit sector.”

“We are pleased to see a pickup in deal flow in the core middle market at the start of the third quarter and are encouraged by our closing of $139 million of new private credit commitments during a rather slow second quarter for M&A," said Ken Leonard, Co-Chief Executive Officer. "New floating rate originations priced at SOFR plus 566 basis points, 17 basis points wider than the prior quarter, reflects a favorable pricing environment for our selective, time-tested, conservative, underwriting approach.”

Selected Financial Highlights

As of

(in thousands, except per share data) June 30,

2026 March 31,

2026

Portfolio company investments, at fair value $2,266,618 $2,194,304

Total assets $2,341,758 $2,252,359

Total debt outstanding, at principal $1,238,000 $1,138,000

Net assets $1,059,652 $1,079,192

Net asset value per share $16.00 $16.23

Total debt-to-equity ratio

1.17x 1.05x

For the quarter ended

June 30,

2026 March 31,

2026

Net investment income per share $0.42 $0.43

Net realized and unrealized gains (losses) per share(1) $(0.26) $(0.17)

Earnings per share $0.16 $0.26

Regular dividend per share $0.40 $0.40

(1)Amounts shown may not correspond for the period as it includes the effect of the timing of the distribution, shares repurchased, and the issuance of common stock.

Results of Operations

Total investment income for the quarter ended June 30, 2026 was $55.7 million, as compared to $57.3 million for the quarter ended March 31, 2026. The decrease was primarily driven by catch-up PIK interest income from Arborworks Acquisition following the change to accrual status during the first quarter and the impact of American Soccer Company being on non-accrual during the second quarter, partially offset by interest income on new investments made during the second quarter. PIK income represented 4.5% of total interest income for the quarter, as compared to 7.5% for the quarter ended March 31, 2026. For the quarter ended March 31, 2026, 3.9% of total interest income relates to PIK interest recognized on the Company’s debt investments in Arborworks Acquisition, LLC following the change to accrual status.

Net investment income for the quarter ended June 30, 2026 was $27.5 million or $0.42 per share as compared to $28.9 million or $0.43 per share for the quarter ended March 31, 2026. Net expenses for the quarter were $28.2 million, as compared to $28.4 million for the quarter ended March 31, 2026. The decrease was primarily related to lower incentive fees during the quarter, partially offset by higher interest expense from higher average borrowings and slightly higher management fees during the second quarter.

For the quarter ended June 30, 2026, the Company had realized losses of $12.2 million and had a net change in unrealized losses on investments of $4.6 million. The realized losses are primarily due to Sundance Holdings Group, LLC, for which the liquidation process was completed in the second quarter ($9.4 million), Diverzify Intermediate LLC, for which our existing debt was exchanged for new debt that

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.e618d017.1784333968.428a23ae

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.