Kayne Anderson BDC, Inc. Commitments Disclosure

Note 8. Commitments and Contingencies

The Company had an aggregate of $287,456 and $186,282, respectively, of unfunded commitments, including $171,137 and $126,738, respectively, of unfunded commitments on revolvers, to provide debt financing to its portfolio companies as of December 31, 2025 and December 31, 2024. These commitments are not reflected in the Company’s consolidated statement of assets and liabilities but are generally incorporated into the Company’s determination of its liquidity. Consequently, such commitments result in an element of credit risk in excess of the amount recognized in the Company’s consolidated statement of assets and liabilities.

The Company’s unfunded revolving commitments are generally available on a borrower’s demand and may remain outstanding until the maturity date of the underlying senior secured loan. The Company’s unfunded delayed draw term loan commitments are generally subject to the satisfaction of certain financial and nonfinancial covenants and certain operational metrics. The commitment period for unfunded delayed draw term loan commitments may be shorter than the maturity date if drawn or funded.

A summary of the composition of the unfunded commitments as of December 31, 2025 and 2024 is shown in the table below.

From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of December 31, 2025 and 2024, management was not aware of any material pending or threatened litigation that would require accounting recognition or financial statement disclosure.