form8k.htm
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: February 27, 2008
(Date of
earliest event reported)
Kayne
Anderson Energy Development Company
(Exact
name of registrant as specified in its charter)
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Maryland
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814-00725
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20-4991752
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(State
or other jurisdiction of
incorporation)
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(Commission
File Number)
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(IRS
Employer Identification
Number)
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717
Texas Avenue, Suite 3100, Houston,TX
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77002
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(Address
of principal executive offices)
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(Zip
Code)
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713-493-2020
(Registrant's
telephone number, including area code)
Not
Applicable
(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:
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.01. On
February 21,
2008, Kayne Anderson
Energy Development Company (the “Company”), entered into a first amendment (the
“Amendment”) to its Senior Secured Revolving Credit Agreement (the “Investment
Facility”), among the Company, several banks and other financial institutions as
lenders, and SunTrust Bank as administrative agent for the lenders. The
Company, lenders, and administrative agent are parties to the Investment
Facility dated June 4,
2007.
The
Company amended its Investment Facility to reflect its announcement on January
22, 2008 that it would no longer be treated as a Regulated Investment Company,
or “RIC,” under the U.S. Internal Revenue Code and that it will be taxed as a
corporation for the fiscal year ended November 30, 2008 and future fiscal
years. The Company indicated that it will continue to be regulated as
a business development company, or “BDC,” under the Investment Company Act of
1940.
The
Amendment removed the Company’s requirement to maintain RIC status and modified
certain other terms in accordance with the Company’s intention to be taxed as a
corporation.
Item
9.01. Financial Statements and Exhibits
(a)
Financial statements:
None
(b)
Pro forma financial information:
None
(c)
Shell company transactions:
None
(d)
Exhibits
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.
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Date:
February 27, 2008
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KAYNE ANDERSON ENERGY
DEVELOPMENT COMPANY
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By: |
/s/
David Shladovsky |
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David
Shladovsky |
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Secretary and Chief Compliance
Officer |
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Exhibit
Index
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Exhibit
No.
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Description
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99.1
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First
Amendment to Senior Secured Revolving Credit
Agreement
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