By Lisa Kerner
Charlotte, N.C., May 1 - Kayne Anderson Midstream Energy Fund, Inc. completed the previously announced placement of $40 million of 3.34% senior notes, series D, due 2023 with an institutional investor.
Proceeds will be used to repay borrowings under the company's revolving credit facility, to make new portfolio investments and for general corporate purposes, according to a company news release.
The notes will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Kayne Anderson is a Houston investment company.
| Issuer: | Kayne Anderson Midstream Energy Fund, Inc.
|
| Issue: | Series D senior notes
|
| Amount: | $40 million
|
| Maturity | May 1, 2023
|
| Coupon: | 3.34%
|
| Pricing date: | April 8
|
| Settlement date: | May 1
|
| Distribution: | Private placement
|
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