UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 231, 2026

Kayne Anderson BDC, Inc.

(Exact name of registrant as specified in its charter)

Delaware		814-01363		83-0531326
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

717 Texas Avenue, Suite 2200, Houston, TX		77002
(Address of principal executive offices)		(Zip Code)

717 Texas Avenue, Suite 2200
Houston, Texas 77002

~~Registrant’s~~(Address ~~telephone~~of ~~number, including~~principal ~~area~~executive ~~code:~~offices) 1 (~~713)~~Zip ~~493-2020~~Code)

~~Not~~(713) 493-2020 ~~Applicable~~(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Act:

Title of each class	Trading ~~Symbol~~Symbols(s)	Name of each exchange on which registered
Common Stock, par value $0.001	KBDC	NYSE
Common Stock, par value $0.001 per share	KBDC	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 21.~~02.~~01 ~~Results~~Entry ofinto ~~Operations~~a ~~and~~Material ~~Financial~~Definitive ~~Condition~~Agreement.

On March 231, 2026, Kayne Anderson BDC, Inc. (the “Company”) ~~issued~~entered ainto ~~press~~equity ~~release~~distribution ~~announcing~~agreements, ~~its~~each ~~financial~~dated ~~results~~as ~~for~~of March 31, 2026 (the ~~fourth~~“Equity ~~quarter~~Distribution ~~ended~~Agreements”), by ~~December~~and 31among the Company and KA Credit Advisers, ~~2025.~~LLC, ~~The~~the ~~text of~~Company’s investment adviser (the ~~press~~“Adviser”), ~~release~~and iseach ~~included~~of Truist asSecurities, ~~Exhibit~~Inc., 99RBC Capital Markets, LLC, Keefe, Bruyette & Woods, Inc.1, toRegions ~~this~~Securities ~~Form~~LLC ~~8-K~~and UBS Securities LLC (collectively, the “Sales Agents”).

OnThe ~~March~~Equity 3Distribution Agreements provide that the Company may from time to time issue and sell shares of its common stock, ~~2026~~par value $0.001 per share, having an aggregate offering price of up to $150,000,000 (“Shares”), through the ~~Company~~Sales Agents, or to them as principal for their own respective accounts. Any issuance and sale of Shares will ~~host~~be made pursuant to a ~~conference~~prospectus supplement dated March 31, 2026 (the “Prospectus Supplement”) ~~call~~as tomay ~~discuss~~be ~~its~~supplemented ~~financial~~from ~~results~~time ~~for~~to time, and the ~~fourth~~accompanying ~~quarter~~prospectus, ~~ended~~dated ~~December~~March 31, ~~2025.~~2026 In(together ~~connection~~with ~~therewith~~the Prospectus Supplement, including any documents incorporated or deemed to be incorporated by reference therein, the ~~Company~~“Prospectus”), ~~provided~~which anconstitute ~~earnings~~a ~~presentation~~part of the Company’s effective shelf registration statement on ~~its~~Form ~~website~~N-2 at(File ~~https://www~~No.~~kaynebdc.com.~~ A333-294788) ~~copy~~that was filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2026 (the “Registration Statement”). Sales of Shares, if any, may be made in negotiated transactions or transactions that are deemed to be “at the ~~earnings~~market,” ~~presentation~~as isdefined ~~attached~~in ~~hereto~~Rule 415 under the Securities Act of 1933, as ~~Exhibit~~amended, ~~99.2~~including sales made directly on The New York Stock Exchange or a similar securities exchange or sales made to ~~this~~or ~~Form~~through ~~8-K~~a market maker other than on an exchange, at prices related to prevailing market prices or negotiated prices.

The ~~information~~Sales Agents will receive a commission from ~~disclosed~~the ~~under~~Company ~~this~~of ~~Item~~up 2to 1.~~02,~~5% ~~including~~of ~~Exhibit~~the ~~99.1~~gross ~~and~~sales ~~Exhibit~~price 99of any Shares sold through such Sales Agent under the Equity Distribution Agreements.2 The ~~hereto,~~offering isprice ~~being~~per ~~“furnished”~~share of Shares less commissions payable under the Equity Distribution Agreements and ~~shall~~discounts, ~~not~~if beany, ~~deemed~~will not ~~“filed”~~be byless than the ~~Company~~net ~~for~~asset ~~purposes~~value ofper ~~Section 18~~share of ~~the~~our ~~Securities~~common ~~Exchange~~stock ~~Act~~at the time of ~~1934~~such sale, asprovided, ~~amended~~that (the ~~“Exchange Act”)~~Adviser may, orbut ~~otherwise~~is ~~subject~~not obligated to, ~~the~~from ~~liabilities~~time ofto ~~that~~time, ~~Section~~in its sole discretion, ~~and~~pay ~~shall~~some ~~not~~or beall ~~deemed~~of ~~incorporated~~the bycommissions ~~reference~~payable ~~into~~under ~~any~~the ~~filing~~Equity Distribution Agreements or ~~under~~make additional supplemental payments to ensure that the ~~Securities~~sales ~~Act~~price per share of ~~1933,~~any asShares ~~amended~~sold (in the ~~“Securities~~offering ~~Act”),~~will ornot be less than the ~~Exchange~~Company’s ~~Act,~~then-current ~~except~~net asasset ~~shall~~value beper ~~expressly~~share. ~~set forth~~Any such payments made by ~~specific~~the ~~reference~~Adviser inwill ~~such~~not ~~filing~~be subject to reimbursement by the Company.

~~Item~~Although 7the Company has filed the Prospectus Supplement with the SEC, the Company has no obligation to sell any Shares under the Equity Distribution Agreements, and may at any time suspend the offering of Shares under the Equity Distribution Agreements.~~01.~~ ~~Regulation~~Actual FDsales ~~Disclosure~~will depend on a variety of factors to be determined by the Company from time to time, including, among others, market conditions, the trading price of the Shares and determinations by the Company of its need for, and the appropriate sources of, additional capital.

OnThe ~~March~~foregoing 2,description ~~2026,~~is a summary of the material ~~Company~~provisions ~~issued~~of athe ~~press~~Equity ~~release, included~~Distribution ~~herewith~~Agreements asand ~~Exhibit~~does ~~99.1,~~not ~~announcing~~purport ~~the~~to ~~declaration~~be ofcomplete aand ~~first~~is ~~quarter~~qualified ~~2026~~in ~~dividend~~its ofentirety ~~$0.40~~by ~~per~~reference to ~~share,~~the ~~which~~full ~~will~~text beof ~~payable on~~the ~~April~~Form 16of Equity Distribution Agreements, ~~2026~~filed as Exhibit 1.1 to ~~stockholders~~this ofCurrent ~~record~~Report ason ofForm ~~March~~8-K ~~31,~~and ~~2026~~incorporated by reference herein.

~~The~~A ~~information disclosed~~copy ~~under this Item 7.01, including Exhibit 99.1 hereto, is being “furnished” and shall not be deemed “filed” by the Company for purposes~~ of ~~Section 18 of~~ the ~~Securities~~opinion ~~Exchange Act~~ of ~~1934,~~Paul asHastings ~~amended~~LLP ~~(the “Exchange Act”), or~~relating ~~otherwise subject~~ to the ~~liabilities~~legality of ~~that~~the ~~Section,~~issuance and ~~shall~~sale ~~not~~of bethe ~~deemed~~Shares ~~incorporated~~pursuant byto ~~reference into any filing under~~ the ~~Securities Act~~Prospectus oris ~~the~~attached ~~Exchange Act, except~~ as ~~shall~~Exhibit be5.1 ~~expressly set forth by specific reference in such filing~~hereto.

~~Item~~This ~~9.01~~Current ~~Financial~~Report ~~Statements~~on ~~and~~Form ~~Exhibits~~8-K shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

~~(d)~~Item 9.01 Financial Statements and Exhibits.

Exhibit Number		Description
99.1		Press Release of Kayne Anderson BDC, Inc., dated March 2, 2026.
99.2		Kayne Anderson BDC, Inc. Fourth Quarter 2025 Earnings Presentation.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

(d) Exhibits

Exhibit Number		Description
1.1		Form of Equity Distribution Agreement, by and among the Company and KA Credit Advisers, LLC, the Company’s investment adviser (the “Adviser”), and each of Truist Securities, Inc., RBC Capital Markets, LLC, Keefe, Bruyette & Woods, Inc., Regions Securities LLC and UBS Securities LLC.

5.1		Opinion of Paul Hastings LLP with respect to the validity of the shares.

23.1		Consent of Paul Hastings LLP (contained in its opinion filed as Exhibit 5.1 and incorporated herein by reference).

101.SCH		Inline XBRL Taxonomy Extension Schema Document.

101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document.

101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document.

101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document.

101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document.

104		Cover Page Interactive Data File (formatted as Inline XBRL with applicable taxonomy extension information contained in Exhibits 101.*).

~~SIGNATURE~~Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	KAYNE ANDERSON BDC, INC.
Date: March 2, 2026	By:	/s/ Terry A. Hart
Date: March 31, 2026	By:	/s/ Terry A. Hart
	Name:	Terry A. Hart
		Terry A. Hart
	Title:	Chief Financial Officer and Treasurer
		Chief Financial Officer and Treasurer

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