2023 Q4 Form 10-Q Financial Statement
#000121390023086801 Filed on November 14, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
Revenue | $42.70M | $21.37M | |
YoY Change | 90.22% | ||
Cost Of Revenue | $19.42M | $19.15M | |
YoY Change | |||
Gross Profit | $23.28M | $22.05M | |
YoY Change | |||
Gross Profit Margin | 54.52% | 103.19% | |
Selling, General & Admin | $845.0K | $681.0K | |
YoY Change | |||
% of Gross Profit | 3.63% | 3.09% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $845.0K | $19.83M | |
YoY Change | 114.13% | ||
Operating Profit | $22.43M | $2.222M | |
YoY Change | |||
Interest Expense | $361.0K | $13.87M | |
YoY Change | 152.02% | ||
% of Operating Profit | 1.61% | 624.26% | |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $22.79M | $13.87M | |
YoY Change | |||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $22.79M | $13.87M | |
YoY Change | |||
Net Earnings / Revenue | 53.39% | 64.92% | |
Basic Earnings Per Share | $0.53 | ||
Diluted Earnings Per Share | $0.32 | $0.53 | |
COMMON SHARES | |||
Basic Shares Outstanding | 41.60M shares | 41.51M shares | 32.92M shares |
Diluted Shares Outstanding | 40.50M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $34.07M | $12.38M | |
YoY Change | |||
Cash & Equivalents | $34.07M | $12.38M | $8.526M |
Short-Term Investments | |||
Other Short-Term Assets | $319.0K | $119.0K | |
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $34.49M | $12.68M | |
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $1.376B | $1.294B | $7.148M |
YoY Change | 19154.34% | 25138.51% | 2759.2% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $1.389B | $1.308B | |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $34.49M | $12.68M | |
Total Long-Term Assets | $1.389B | $1.308B | |
Total Assets | $1.424B | $1.321B | $1.194B |
YoY Change | 19.2% | 33.07% | 103.66% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $11.95M | $10.60M | |
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $51.29M | $47.19M | |
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $695.8M | $598.0M | |
YoY Change | |||
Other Long-Term Liabilities | -$6.431M | -$5.289M | |
YoY Change | |||
Total Long-Term Liabilities | $689.3M | $592.7M | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $51.29M | $47.19M | |
Total Long-Term Liabilities | $689.3M | $592.7M | |
Total Liabilities | $740.6M | $639.9M | $602.4M |
YoY Change | 22.95% | 36.52% | 119.44% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $13.02M | $12.18M | $17.47M |
YoY Change | -25.43% | -52.88% | 55.6% |
Common Stock | $670.0M | $668.5M | $36.00K |
YoY Change | 1861100.0% | 2156503.23% | 89.47% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $683.1M | $680.7M | $592.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.424B | $1.321B | $1.194B |
YoY Change | 19.2% | 33.07% | 103.66% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $22.79M | $13.87M | |
YoY Change | |||
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$53.75M | -$56.30M | |
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 75.44M | 60.16M | |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -53.75M | -56.30M | |
Cash From Investing Activities | |||
Cash From Financing Activities | 75.44M | 60.16M | |
Net Change In Cash | 21.69M | 3.858M | |
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | -$53.75M | -$56.30M | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-09-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
814-01363 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Kayne Anderson BDC, Inc. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
83-0531326 | ||
dei |
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811 Main Street | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
14th Floor | ||
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|
Houston | ||
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|
TX | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
77002 | ||
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City Area Code
CityAreaCode
|
(713) | ||
dei |
Local Phone Number
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493-2020 | ||
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Security12b Title
Security12bTitle
|
None | ||
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No Trading Symbol Flag
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true | ||
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Entity Current Reporting Status
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Non-accelerated Filer | ||
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Earnings Per Share Basic
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us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.98 | ||
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.34 | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.49 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.41 | ||
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.1 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40499327 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
29530036 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
38461385 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
25177005 | shares | |
CY2023Q3 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
21369000 | usd |
CY2022Q3 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
11234000 | usd |
us-gaap |
Net Investment Income
NetInvestmentIncome
|
62384000 | usd | |
us-gaap |
Net Investment Income
NetInvestmentIncome
|
24592000 | usd | |
CY2022Q3 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
47000 | usd |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
70000 | usd | |
CY2023Q3 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-7497000 | usd |
CY2022Q3 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
3317000 | usd |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-8103000 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
3127000 | usd | |
CY2023Q3 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
13872000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
14598000 | usd |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
54281000 | usd | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
27789000 | usd | |
CY2023Q3 | ck0001747172 |
Investment Company Distribution To Shareholders
InvestmentCompanyDistributionToShareholders
|
21999000 | usd |
CY2022Q3 | ck0001747172 |
Investment Company Distribution To Shareholders
InvestmentCompanyDistributionToShareholders
|
7065000 | usd |
ck0001747172 |
Investment Company Distribution To Shareholders
InvestmentCompanyDistributionToShareholders
|
59567000 | usd | |
ck0001747172 |
Investment Company Distribution To Shareholders
InvestmentCompanyDistributionToShareholders
|
13168000 | usd | |
CY2023Q3 | ck0001747172 |
Net Decrease In Net Assets Resulting From Stockholder Distributions
NetDecreaseInNetAssetsResultingFromStockholderDistributions
|
-21999000 | usd |
CY2022Q3 | ck0001747172 |
Net Decrease In Net Assets Resulting From Stockholder Distributions
NetDecreaseInNetAssetsResultingFromStockholderDistributions
|
-7065000 | usd |
ck0001747172 |
Net Decrease In Net Assets Resulting From Stockholder Distributions
NetDecreaseInNetAssetsResultingFromStockholderDistributions
|
-59567000 | usd | |
ck0001747172 |
Net Decrease In Net Assets Resulting From Stockholder Distributions
NetDecreaseInNetAssetsResultingFromStockholderDistributions
|
-13168000 | usd | |
CY2023Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
40575000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
125000000 | usd |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
90575000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
193582000 | usd | |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
1352000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
1431000 | usd |
us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
3396000 | usd | |
us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
3555000 | usd | |
CY2023Q3 | ck0001747172 |
Net Increase In Net Assets Resulting From Capital Share Transactions
NetIncreaseInNetAssetsResultingFromCapitalShareTransactions
|
41927000 | usd |
CY2022Q3 | ck0001747172 |
Net Increase In Net Assets Resulting From Capital Share Transactions
NetIncreaseInNetAssetsResultingFromCapitalShareTransactions
|
126431000 | usd |
ck0001747172 |
Net Increase In Net Assets Resulting From Capital Share Transactions
NetIncreaseInNetAssetsResultingFromCapitalShareTransactions
|
93971000 | usd | |
ck0001747172 |
Net Increase In Net Assets Resulting From Capital Share Transactions
NetIncreaseInNetAssetsResultingFromCapitalShareTransactions
|
197137000 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
|
33800000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
|
133964000 | usd |
us-gaap |
Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
|
88685000 | usd | |
us-gaap |
Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
|
211758000 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
646926000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
389763000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
592041000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
311969000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
680726000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
523727000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
680726000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
523727000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
54281000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
27789000 | usd | |
ck0001747172 |
Net Realizedgainslosses On Investments
NetRealizedgainslossesOnInvestments
|
70000 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-8103000 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
3127000 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
6760000 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
3287000 | usd | |
ck0001747172 |
Purchases Of Shortterm Investments Net
PurchasesOfShorttermInvestmentsNet
|
-6781000 | usd | |
ck0001747172 |
Purchases Of Shortterm Investments Net
PurchasesOfShorttermInvestmentsNet
|
-1084000 | usd | |
ck0001747172 |
Purchases Of Portfolio Investments
PurchasesOfPortfolioInvestments
|
217836000 | usd | |
ck0001747172 |
Purchases Of Portfolio Investments
PurchasesOfPortfolioInvestments
|
468799000 | usd | |
ck0001747172 |
Proceeds From Sales Of Investments And Principal Repayments
ProceedsFromSalesOfInvestmentsAndPrincipalRepayments
|
105319000 | usd | |
ck0001747172 |
Proceeds From Sales Of Investments And Principal Repayments
ProceedsFromSalesOfInvestmentsAndPrincipalRepayments
|
89694000 | usd | |
ck0001747172 |
Paidinkind Interest From Portfolio Investments
PaidinkindInterestFromPortfolioInvestments
|
1310000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1936000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1533000 | usd | |
us-gaap |
Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
|
3274000 | usd | |
us-gaap |
Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
|
5820000 | usd | |
us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
-29000 | usd | |
ck0001747172 |
Increasedecrease In Receivable For Principal Payments On Investments
IncreasedecreaseInReceivableForPrincipalPaymentsOnInvestments
|
68000 | usd | |
ck0001747172 |
Increasedecrease In Receivable For Principal Payments On Investments
IncreasedecreaseInReceivableForPrincipalPaymentsOnInvestments
|
273000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-228000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
9000 | usd | |
us-gaap |
Increase Decrease In Payable For Investment Purchased
IncreaseDecreaseInPayableForInvestmentPurchased
|
-956000 | usd | |
us-gaap |
Increase Decrease In Management Fee Payable
IncreaseDecreaseInManagementFeePayable
|
490000 | usd | |
us-gaap |
Increase Decrease In Management Fee Payable
IncreaseDecreaseInManagementFeePayable
|
956000 | usd | |
us-gaap |
Increase Decrease In Incentive Fee Payable
IncreaseDecreaseInIncentiveFeePayable
|
6930000 | usd | |
us-gaap |
Increase Decrease In Incentive Fee Payable
IncreaseDecreaseInIncentiveFeePayable
|
2960000 | usd | |
ck0001747172 |
Increasedecrease In Accrued Organizational And Offering Costs Net
IncreasedecreaseInAccruedOrganizationalAndOfferingCostsNet
|
-6000 | usd | |
ck0001747172 |
Increasedecrease In Accrued Other General And Administrative Expenses
IncreasedecreaseInAccruedOtherGeneralAndAdministrativeExpenses
|
3397000 | usd | |
ck0001747172 |
Increasedecrease In Accrued Other General And Administrative Expenses
IncreasedecreaseInAccruedOtherGeneralAndAdministrativeExpenses
|
2096000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-56301000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-357418000 | usd | |
ck0001747172 |
Borrowingspayments On Corporate Credit Facility Net
BorrowingspaymentsOnCorporateCreditFacilityNet
|
77000000 | usd | |
ck0001747172 |
Borrowingspayments On Corporate Credit Facility Net
BorrowingspaymentsOnCorporateCreditFacilityNet
|
-202000000 | usd | |
ck0001747172 |
Borrowings On Revolving Funding Facility Net
BorrowingsOnRevolvingFundingFacilityNet
|
106000000 | usd | |
ck0001747172 |
Borrowings On Revolving Funding Facility Net
BorrowingsOnRevolvingFundingFacilityNet
|
200000000 | usd | |
us-gaap |
Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
-162000000 | usd | |
ck0001747172 |
Borrowings On Subscription And Credit Agreement Net
BorrowingsOnSubscriptionAndCreditAgreementNet
|
-83000000 | usd | |
ck0001747172 |
Borrowings On Subscription And Credit Agreement Net
BorrowingsOnSubscriptionAndCreditAgreementNet
|
-43000000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1816000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
5700000 | usd | |
us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
49600000 | usd | |
us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
14228000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
90575000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
193582000 | usd | |
ck0001747172 |
Proceeds From Issuance Of Notes
ProceedsFromIssuanceOfNotes
|
75000000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
60159000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
370654000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
3858000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
13236000 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8526000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2035000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
12384000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
15271000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
32882000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
8168000 | usd | |
ck0001747172 |
Noncash Financing Activities Not Included Herein Consisted Of Reinvestment Of Dividends
NoncashFinancingActivitiesNotIncludedHereinConsistedOfReinvestmentOfDividends
|
3396000 | usd | |
ck0001747172 |
Noncash Financing Activities Not Included Herein Consisted Of Reinvestment Of Dividends
NoncashFinancingActivitiesNotIncludedHereinConsistedOfReinvestmentOfDividends
|
3555000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 1. Organization</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Organization</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Kayne Anderson BDC, Inc. (the “Company”) is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). In addition, for U.S. federal income tax purposes, the Company intends to qualify as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company was formed as a Delaware corporation to make investments in middle-market companies and commenced operations on February 5, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of September 30, 2023, the Company has entered into subscription agreements with investors for an aggregate capital commitment of $887,003 to purchase shares of the Company’s common stock. See Note 11 – Subsequent Events.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">KA Credit Advisors, LLC (the “Advisor”) is an affiliate of Kayne Anderson Capital Advisors, L.P. (“Kayne Anderson”), a prominent alternative investment management firm. The Advisor and Kayne Anderson are registered with the United States Securities and Exchange Commission (the “SEC”) under the Investment Advisory Act of 1940, as amended. Subject to the overall supervision of the Company’s board of directors (the “Board”), the Advisor is responsible for originating prospective investments, conducting research and due diligence investigations on potential investments, analyzing investment opportunities, negotiating and structuring investments, determining the value of its investments and monitoring its investments and portfolio companies on an ongoing basis. The Board consists of seven directors, four of whom are independent.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through debt investments in middle-market companies.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company conducts private offerings of its Common Stock to investors in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). At the closing of any private offering, each investor will make a capital commitment (a “Capital Commitment”) to purchase shares of its common stock pursuant to a subscription agreement entered into with the Company. Investors will be required to fund drawdowns to purchase shares of common stock up to the amount of their respective Capital Commitments each time the Company delivers a notice to the investors. Following the initial closing of the private offering (the “Initial Closing”) on February 5, 2021 and prior to any Liquidity Event (as defined below), the Advisor may, in its sole discretion, permit additional closings of the private offering. A “Liquidity Event” is defined as (a) an initial public offering of shares of common stock (the “Initial Public Offering”) or the listing of shares of common stock on an exchange (together with the Initial Public Offering, an “Exchange Listing”), (b) the sale of the Company or (c) a disposition of the Company’s investments and distribution of the net proceeds (after repayment of borrowed funds or other forms of leverage) to the Company’s investors.</p> | ||
CY2023Q3 | us-gaap |
Investment Company Financial Commitment To Investee Future Amount
InvestmentCompanyFinancialCommitmentToInvesteeFutureAmount
|
887003000 | usd |
CY2023Q3 | ck0001747172 |
Non Qualifying Assets
NonQualifyingAssets
|
68159000 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">C.<i> Use of Estimates</i>—the preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the period. Actual results could differ materially from those estimates.</p> | ||
ck0001747172 |
Third Party Valuation Percentage
ThirdPartyValuationPercentage
|
0.25 | pure | |
us-gaap |
Dividends Paidinkind
DividendsPaidinkind
|
1310000 | usd | |
ck0001747172 |
Aggregate Interest Income
AggregateInterestIncome
|
0.011 | pure | |
CY2022Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
1165119000 | usd |
ck0001747172 |
Distributions Percentage
DistributionsPercentage
|
0.90 | pure | |
us-gaap |
Quarterly Financial Information Income Taxes Significant Variation Description
QuarterlyFinancialInformationIncomeTaxesSignificantVariationDescription
|
All RICs are subject to a non-deductible 4% excise tax on income that is not distributed on a timely basis in accordance with the calendar year distribution requirements. To avoid the tax, the Company must distribute during each calendar year an amount at least equal to the sum of (i) 98% of its ordinary income for the calendar year, (ii) 98.2% of its net capital gains for the one-year period ending on December 31, the last day of our taxable year, and (iii) undistributed amounts from previous years on which the Company paid no U.S. federal income tax. | ||
ck0001747172 |
Base Management Fee Annual Rate
BaseManagementFeeAnnualRate
|
0.015 | pure | |
ck0001747172 |
Fair Market Value In Percentage
FairMarketValueInPercentage
|
0.01 | pure | |
CY2023Q3 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
2905000 | usd |
CY2022Q3 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
1908000 | usd |
us-gaap |
Management Fee Expense
ManagementFeeExpense
|
8438000 | usd | |
us-gaap |
Management Fee Expense
ManagementFeeExpense
|
4732000 | usd | |
us-gaap |
Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
|
0.015 | pure | |
us-gaap |
Investment Company Total Return After Incentive Fees
InvestmentCompanyTotalReturnAfterIncentiveFees
|
0.06 | pure | |
us-gaap |
Incentive Fee Description
IncentiveFeeDescription
|
●Prior to an Exchange Listing: 100% of our pre-incentive fee net investment income for the immediately preceding calendar quarter in excess of 1.50% of the Company’s NAV at the end of the immediately preceding calendar quarter until the Advisor has received 10% of the total pre-incentive fee net income for that calendar quarter and, for pre-incentive fee net investment income in excess of 1.6667%, 10% of all remaining pre-incentive fee net investment income for that quarter. ● After an Exchange Listing: 100% of the Company’s pre-incentive fee net investment income for the immediately preceding calendar quarter in excess of 1.50% of the Company’s NAV at the end of the immediately preceding calendar quarter until the Advisor has received 15% of the total pre-incentive fee net income for that calendar quarter and, for pre-incentive fee net investment income in excess of 1.7647%, 15% of all remaining pre-incentive fee net investment income for that quarter. | ||
CY2022Q3 | us-gaap |
Incentive Fee Expense
IncentiveFeeExpense
|
1230000 | usd |
us-gaap |
Incentive Fee Expense
IncentiveFeeExpense
|
6929000 | usd | |
ck0001747172 |
Incentive Fee Expense Excluding Capital Gains
IncentiveFeeExpenseExcludingCapitalGains
|
2960000 | usd | |
CY2022Q4 | ck0001747172 |
Non Qualifying Assets
NonQualifyingAssets
|
45901000 | usd |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
|
219146000 | usd | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
|
-105319000 | usd | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
-8103000 | usd | |
ck0001747172 |
Longterm Investments Fair Value Percentage
LongtermInvestmentsFairValuePercentage
|
1 | pure | |
CY2022 | ck0001747172 |
Longterm Investments Fair Value Percentage
LongtermInvestmentsFairValuePercentage
|
1 | pure |
CY2023Q3 | us-gaap |
Investments
Investments
|
1269539000 | usd |
CY2023Q3 | us-gaap |
Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
|
8064000 | usd |
CY2023Q3 | us-gaap |
Short Term Investments
ShortTermInvestments
|
16628000 | usd |
CY2023Q3 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
1294231000 | usd |
CY2022Q4 | us-gaap |
Investments
Investments
|
1157971000 | usd |
CY2022Q4 | us-gaap |
Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
|
7148000 | usd |
CY2022Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
9847000 | usd |
CY2022Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
1174966000 | usd |
CY2023Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
1283951000 | usd |
CY2023Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
|
40482000 | usd |
CY2023Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
|
-41776000 | usd |
CY2023Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
-7497000 | usd |
CY2023Q3 | ck0001747172 |
Fair Value Measurement With Unobservable Input Reconciliation Recurring Basis Net Accretion Of Discount On Investments
FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisNetAccretionOfDiscountOnInvestments
|
2443000 | usd |
CY2023Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
1277603000 | usd |
CY2022Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
717964000 | usd |
CY2022Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
|
287348000 | usd |
CY2022Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
|
-45917000 | usd |
CY2022Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
3317000 | usd |
CY2022Q3 | us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
47000 | usd |
CY2022Q3 | ck0001747172 |
Fair Value Measurement With Unobservable Input Reconciliation Recurring Basis Net Accretion Of Discount On Investments
FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisNetAccretionOfDiscountOnInvestments
|
1275000 | usd |
CY2022Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
964034000 | usd |
ck0001747172 |
Fair Value Measurement With Unobservable Input Reconciliation Recurring Basis Net Accretion Of Discount On Investments
FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisNetAccretionOfDiscountOnInvestments
|
6760000 | usd | |
CY2023Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
1277603000 | usd |
CY2021Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
578445000 | usd |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
|
468799000 | usd | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
|
-89694000 | usd | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
3127000 | usd | |
us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
70000 | usd | |
ck0001747172 |
Fair Value Measurement With Unobservable Input Reconciliation Recurring Basis Net Accretion Of Discount On Investments
FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisNetAccretionOfDiscountOnInvestments
|
3287000 | usd | |
CY2022Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
964034000 | usd |
CY2023Q3 | us-gaap |
Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
|
125000000 | usd |
us-gaap |
Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
|
0.0025 | pure | |
ck0001747172 |
Extension Fee
ExtensionFee
|
0.0005 | pure | |
ck0001747172 |
Debt Total Commitment
DebtTotalCommitment
|
400000000 | usd | |
us-gaap |
Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
|
192000000 | usd | |
CY2022Q1 | us-gaap |
Other Loans Payable
OtherLoansPayable
|
150000000 | usd |
CY2023Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
75000000 | usd |
CY2023Q3 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
903000 | usd |
CY2023Q3 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
75625000 | usd |
CY2023Q3 | ck0001747172 |
Debt Weighted Average Interest Rate1
DebtWeightedAverageInterestRate1
|
0.0871 | pure |
us-gaap |
Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
|
0.01 | pure | |
us-gaap |
Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
|
0.015 | pure | |
CY2023Q3 | ck0001747172 |
Aggregate Interest Threshold
AggregateInterestThreshold
|
0.02 | pure |
CY2023Q3 | ck0001747172 |
Asset Coverage Ratio
AssetCoverageRatio
|
1.50 | pure |
us-gaap |
Line Of Credit Facility Periodic Payment Principal
LineOfCreditFacilityPeriodicPaymentPrincipal
|
1055000000 | usd | |
us-gaap |
Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
|
598000000 | usd | |
CY2023Q3 | ck0001747172 |
Line Of Credit Available Amount
LineOfCreditAvailableAmount
|
328324000 | usd |
CY2023Q3 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
592711000 | usd |
CY2022 | us-gaap |
Line Of Credit Facility Periodic Payment Principal
LineOfCreditFacilityPeriodicPaymentPrincipal
|
875000000 | usd |
CY2022 | us-gaap |
Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
|
577000000 | usd |
CY2022Q4 | ck0001747172 |
Line Of Credit Available Amount
LineOfCreditAvailableAmount
|
169793000 | usd |
CY2022Q4 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
571591000 | usd |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
54281000 | usd | |
CY2023Q3 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
13119000 | usd |
CY2022Q3 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
4976000 | usd |
CY2023Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
752000 | usd |
CY2022Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
528000 | usd |
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
13871000 | usd |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
5504000 | usd |
CY2023Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
617598000 | usd |
CY2022Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
410146000 | usd |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
36460000 | usd | |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
9792000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1936000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1533000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
38396000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
11325000 | usd | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
625421000 | usd | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
312423000 | usd | |
CY2023Q3 | us-gaap |
Shares Issued
SharesIssued
|
5422524 | shares |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
90575000 | usd | |
CY2022Q3 | us-gaap |
Shares Issued
SharesIssued
|
11858122 | shares |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
193582000 | usd | |
ck0001747172 |
Aggregate Capital Commitment
AggregateCapitalCommitment
|
887003000 | usd | |
CY2023Q3 | us-gaap |
Other Commitment
OtherCommitment
|
228709000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
14598000 | usd |
CY2023Q3 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
1.53 | |
CY2022Q3 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.56 | |
us-gaap |
Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
|
205120 | shares | |
ck0001747172 |
Stock Issued During Period Value Dividends Reinvestment Plan
StockIssuedDuringPeriodValueDividendsReinvestmentPlan
|
3396000 | usd | |
us-gaap |
Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
|
218941 | shares | |
ck0001747172 |
Stock Issued During Period Value Dividends Reinvestment Plan
StockIssuedDuringPeriodValueDividendsReinvestmentPlan
|
3555000 | usd | |
CY2023Q3 | ck0001747172 |
Unfunded Commitments
UnfundedCommitments
|
109130000 | usd |
CY2022Q4 | ck0001747172 |
Unfunded Commitments
UnfundedCommitments
|
149338000 | usd |
CY2023Q3 | ck0001747172 |
Unfunded Commitments
UnfundedCommitments
|
109130000 | usd |
CY2022Q4 | ck0001747172 |
Unfunded Commitments
UnfundedCommitments
|
149338000 | usd |
CY2023Q3 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
13872000 | usd |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
27789000 | usd | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40499327 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
29530036 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
38461385 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
25177005 | shares | |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.34 | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.49 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.41 | ||
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.1 | ||
CY2022Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
16.5 | |
CY2021Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
16.22 | |
us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
1.62 | ||
us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
0.98 | ||
us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
-0.19 | ||
us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
0.09 | ||
us-gaap |
Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
|
1.43 | ||
us-gaap |
Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
|
1.07 | ||
us-gaap |
Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
|
1.53 | ||
us-gaap |
Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
|
0.56 | ||
ck0001747172 |
Net Decrease In Net Assets Resulting From Distributions Subtotal
NetDecreaseInNetAssetsResultingFromDistributionsSubtotal
|
-1.53 | ||
ck0001747172 |
Net Decrease In Net Assets Resulting From Distributions Subtotal
NetDecreaseInNetAssetsResultingFromDistributionsSubtotal
|
-0.56 | ||
CY2023Q3 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
16.4 | |
CY2022Q3 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
16.73 | |
CY2023Q3 | us-gaap |
Shares Outstanding
SharesOutstanding
|
41506935 | shares |
CY2022Q3 | us-gaap |
Shares Outstanding
SharesOutstanding
|
31304965 | shares |
CY2023Q3 | us-gaap |
Net Regulatory Assets
NetRegulatoryAssets
|
680726000 | usd |
CY2022Q3 | us-gaap |
Net Regulatory Assets
NetRegulatoryAssets
|
523727000 | usd |
ck0001747172 |
Weightedaverage Shares Outstandingin Shares
WeightedaverageSharesOutstandinginShares
|
38461385 | shares | |
ck0001747172 |
Weightedaverage Shares Outstandingin Shares
WeightedaverageSharesOutstandinginShares
|
25177005 | shares | |
us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
0.089 | pure | |
us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
0.067 | pure | |
us-gaap |
Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
|
0.085 | pure | |
us-gaap |
Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
|
0.125 | pure | |
ck0001747172 |
Ratio Of Operating Expenses To Average Net Assets
RatioOfOperatingExpensesToAverageNetAssets
|
0.119 | pure | |
ck0001747172 |
Ratio Of Operating Expenses To Average Net Assets
RatioOfOperatingExpensesToAverageNetAssets
|
0.069 | pure | |
us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
0.133 | pure | |
us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
0.082 | pure | |
CY2023Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0 | |
CY2022Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.03 | |
CY2022Q4 | ck0001747172 |
Senior Unsecured Notes
SeniorUnsecuredNotes
|
usd | |
CY2022Q4 | ck0001747172 |
Unamortized Notes Issuance Costs
UnamortizedNotesIssuanceCosts
|
usd | |
CY2023Q3 | ck0001747172 |
Payable For Investments Purchased
PayableForInvestmentsPurchased
|
usd | |
CY2023Q3 | us-gaap |
Noninterest Expense Offering Cost
NoninterestExpenseOfferingCost
|
usd | |
CY2022Q3 | us-gaap |
Noninterest Expense Offering Cost
NoninterestExpenseOfferingCost
|
usd | |
us-gaap |
Noninterest Expense Offering Cost
NoninterestExpenseOfferingCost
|
usd | ||
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.34 | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.49 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25177005 | shares | |
ck0001747172 |
Net Realizedgainslosses On Investments
NetRealizedgainslossesOnInvestments
|
usd | ||
ck0001747172 |
Paidinkind Interest From Portfolio Investments
PaidinkindInterestFromPortfolioInvestments
|
usd | ||
us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
usd | ||
us-gaap |
Increase Decrease In Payable For Investment Purchased
IncreaseDecreaseInPayableForInvestmentPurchased
|
usd | ||
ck0001747172 |
Increasedecrease In Accrued Organizational And Offering Costs Net
IncreasedecreaseInAccruedOrganizationalAndOfferingCostsNet
|
usd | ||
us-gaap |
Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
usd | ||
ck0001747172 |
Proceeds From Issuance Of Notes
ProceedsFromIssuanceOfNotes
|
usd | ||
us-gaap |
Dividends Paidinkind
DividendsPaidinkind
|
usd | ||
CY2023Q3 | ck0001747172 |
Capital Gains
CapitalGains
|
usd | |
CY2022Q3 | ck0001747172 |
Capital Gains
CapitalGains
|
usd | |
ck0001747172 |
Capital Gains
CapitalGains
|
usd | ||
ck0001747172 |
Capital Gains
CapitalGains
|
usd | ||
CY2023Q3 | us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
usd | |
CY2023Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
|
usd | |
CY2022Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
|
usd | |
us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
usd | ||
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
|
usd | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40499327 | shares |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.10 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.41 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001747172 |