New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 17, 2014
09:17 EDTKYEKanye Anderson Energy enters into $50M unsecured bank facility
Kayne Anderson Energy Total Return Fund has entered into a $50M unsecured credit agreement with the Bank of Nova Scotia. The initial term of the Bank Facility extends through June 13, 2017, at which time the Fund has the option to extend the maturity date by one additional year and convert any borrowings outstanding at the time of conversion into a term loan. When combined with the Fundís existing revolving credit facility, the Bank Facility increases the Fundís revolving credit commitments to $150M. Borrowings under the Bank Facility will bear interest at a rate of 1-month LIBOR plus 1.30%. The interest rate may vary between LIBOR plus 1.30% and LIBOR plus 1.75%, depending on the Fundís asset coverage ratios.
News For KYE From The Last 14 Days
Check below for free stories on KYE the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for KYE

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use