Paul Hastings Represents Kayne Anderson MLP Investment Company In $175 Million Offering Of Senior Notes

August 29, 2013

Orange County, CA- Paul Hastings LLP, a leading global law firm, announced today that the firm represented Kayne Anderson MLP Investment Company, a closed-end investment company (the “Company”), in a $175 million offering of floating rate senior notes (the “Series HH Senior Notes”) to qualified institutional buyers in a private offering pursuant to Rule 144A under the Securities Act of 1933.  The Series HH Senior Notes mature on August 19, 2016 and pay interest at a rate of 3-month LIBOR plus 1.25% per annum.  The transaction closed on August 22, 2013.

The Company agreed to file an exchange offer registration statement or, under certain circumstances, a shelf registration statement, pursuant to a registration rights agreement entered into in connection with the offering.  It is believed that this will be the first exchange offer registration statement filed on behalf of a closed-end fund with the Securities and Exchange Commission in this type of transaction.

The Initial Purchaser in this transaction was UBS Investment Bank, the Sole Book-Running Manager.

The Paul Hastings team consisted of Investment Management partners John Della Grotta and David Hearth and associates Michael Purtill and Christy Chen.

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