As of February 28, 2011, the Company had $56.0 million of borrowings under its credit facility (at an interest rate of 2.27%), which represented 64.6% of its borrowing base of $86.7 million (71.2% of its borrowing base attributable to quoted securities). The maximum amount that the Company can borrow under its credit facility is limited to the lesser of the commitment amount of $70.0 million or its borrowing base. As of April 7, 2011, the Company had $56.0 million of borrowings (at an interest rate of 2.26%), which represented 64.9% of the borrowing base of $86.3 million (71.5% of its borrowing base attributable to quoted securities).DISTRIBUTION
Kayne Anderson Energy Development Company Announces Results For The Quarter Ended February 28, 2011
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