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.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.

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