Carlyle Credit Income Fund Announces Private Placement of Convertible Preferred Shares
Carlyle Credit Income Fund (NYSE: CCIF) entered a private placement to sell approximately 17,500 shares of its 7.25% Series E Convertible Preferred Shares due 2030, liquidation preference $1,000 per share, with expected net proceeds of approximately $16.275 million. The offering is expected to close on or about October 30, 2025, subject to customary closing conditions.
The Series E pays a fixed quarterly dividend at an annual rate of 7.25% (equal to $72.50 per share per year). Holders may convert after the six‑month convertibility date into common shares using a Conversion Price equal to the greater of the five‑day average market price or the most recently reported NAV per common share. The Fund intends to use net proceeds to fund the redemption of all outstanding 8.75% Series A Preferred Shares due 2028 on November 3, 2025, and any remaining proceeds for working capital.
Carlyle Credit Income Fund (NYSE: CCIF) ha avviato un private placement per vendere circa 17.500 azioni delle sue 7.25% Series E Convertible Preferred Shares due 2030, con liquidazione preferenziale $1.000 per azione, con proventi netti attesi di circa $16,275 milioni. L'offerta dovrebbe chiudersi approssimativamente il 30 ottobre 2025, soggetta alle consuete condizioni di chiusura.
La Series E paga un dividendo fisso trimestrale al tasso annuo del 7.25% (pari a $72.50 per azione all'anno). Gli intestatari possono convertire dopo la data di convertibilità di sei mesi in azioni ordinarie usando un prezzo di conversione pari al maggiore tra la media di cinque giorni del prezzo di mercato o l'ultimo NAV riportato per azione ordinaria. Il Fondo intende utilizzare i proventi netti per finanziare il rimborso di tutte le azioni privilegiate ordinarie 8.75% Series A Preferred Shares due 2028 in scadenza 3 novembre 2025, e eventuali restanti proventi per capitale circolante.
Carlyle Credit Income Fund (NYSE: CCIF) inició una colocación privada para vender aproximadamente 17,500 acciones de sus 7.25% Series E Convertible Preferred Shares due 2030, con preferencia de liquidación $1,000 por acción, con ingresos netos esperados de aproximadamente $16.275 millones. Se espera que la oferta cierre alrededor del 30 de octubre de 2025, sujeto a las condiciones de cierre habituales.
La Serie E paga un dividendo fijo trimestral a una tasa anual del 7.25% (equivalente a $72.50 por acción al año). Los tenedores pueden convertir después de la fecha de convertibilidad de seis meses en acciones comunes usando un Precio de Conversión igual al mayor entre el precio promedio de mercado de cinco días o el NAV reportado más reciente por acción común. El Fondo tiene la intención de utilizar los ingresos netos para financiar el redentor de todas las 8.75% Series A Preferred Shares due 2028 que vencen el 3 de noviembre de 2025, y cualquier remanente para capital de trabajo.
Carlyle Credit Income Fund (NYSE: CCIF)는 약 17,500주를 매도하기 위한 비공개 배정을 시작했습니다. 이는 2030년 만기 7.25% Series E Convertible Preferred Shares이고, 청산 우선권은 주당 $1,000이며 순수익은 약 $16.275백만으로 예상됩니다. 이 발행은 대략 2025년 10월 30일에 마감될 예정이며 일반적으로 요구되는 마감 조건의 적용을 받습니다.
시리즈 E는 연간 7.25%의 고정 분기배당을 지급합니다($72.50를 주당 연간으로). 보유자는 6개월 전환일 이후 일반주식으로의 전환이 가능하며, 전환가액은 5거래일 평균 시장가와 가장 최근에 보고된 일반주당 순자산가치(NAV) 중 더 큰 쪽입니다. 펀드는 순수익을 남은 자금으로 2025년 11월 3일 만료되는 8.75% Series A Preferred Shares due 2028의 상환 자금으로 사용하고, 남은 금액은 운전자본으로 사용할 예정입니다.
Carlyle Credit Income Fund (NYSE: CCIF) a entamé une opération de placement privé pour vendre environ 17 500 actions de ses 7.25% Series E Convertible Preferred Shares due 2030, priorité de liquidation $1 000 par action, avec des produits nets escomptés d’environ $16,275 millions. L’offre devrait être clôturée vers le 30 octobre 2025, sous réserve des conditions de clôture habituelles.
La Series E verse un dividende trimestriel fixe à un taux annuel de 7.25% (équivalant à $72.50 par action par an). Les titulaires peuvent convertir après la date de convertibilité de six mois en actions ordinaires en utilisant un Prix de Conversion égal au plus élevé entre le prix de marché moyen sur cinq jours et la NAV par action ordinaire la plus récemment rapportée. Le Fonds prévoit d’utiliser les produits nets pour financer le rachat de toutes les 8.75% Series A Preferred Shares due 2028 échues le 3 novembre 2025, et tout solde restant pour besoins de fonds de roulement.
Carlyle Credit Income Fund (NYSE: CCIF) hat eine private Platzierung gestartet, um ca. 17.500 Aktien seiner 7.25% Series E Convertible Preferred Shares due 2030 zu verkaufen, mit einem Veräußerungspräferenzwert von $1.000 pro Aktie und voraussichtlichen Nettoeinnahmen von ca. $16,275 Millionen. Die Emission wird voraussichtlich um den 30. Oktober 2025 herum abgeschlossen, vorbehaltlich üblicher Abschlussbedingungen.
Series E zahlt eine feste vierteljährliche Dividende bei einer jährlichen Rate von 7.25% (entspricht $72.50 pro Aktie pro Jahr). Inhaber können nach dem sechs Monate vergangenen Umtauschdatum in Stammaktien umwandeln, wobei der Umtauschpreis dem Größeren aus der fünf-Tage-Durchschnittskurs oder dem zuletzt berichteten NAV je Stammaktie entspricht. Der Fonds beabsichtigt, die Nettoeinnahmen zur Rückzahlung aller ausstehenden 8.75% Series A Preferred Shares due 2028 am 3. November 2025 zu verwenden, und etwaige verbleibende Erlöse für Working Capital zu nutzen.
Carlyle Credit Income Fund (NYSE: CCIF) أطلق إصداراً خاصاً لبيع نحو 17,500 سهمًا من 7.25% Series E Convertible Preferred Shares due 2030، مع أولوية تصفية $1,000 للسهم، مع توقع صافي عائدات يقارب $16.275 مليون. من المتوقع أن تغلق العرضة في أو حول 30 أكتوبر 2025، رهن الشروط المعتادة للإغلاق.
Series E تدفع توزيعات ربع سنوية ثابتة بمعدل سنوي قدره 7.25% (ما يعادل $72.50 للسهم سنوياً). قد يقوم الحائزون بالتحويل بعد تاريخ قابليّة التحويل لمدة ستة أشهر إلى الأسهم العادية باستخدام سعر التحويل الذي يساوي أعظم القيمة بين متوسط سعر السوق لخمسة أيام أو صافي قيمة الأصول العائدة للسهم العادي المدرجة آخر مرة. يعتزم الصندوق استخدام صافي العائدات لتمويل سداد جميع 8.75% Series A Preferred Shares due 2028 المستحقة في 3 نوفمبر 2025، وأي مبالغ متبقية للنمو العامل.
- Net proceeds of approximately $16.275 million
- Fixed dividend of 7.25% (equivalent to $72.50 per share annually)
- Use of proceeds to fund redemption of 8.75% Series A on Nov 3, 2025
- Replaces 8.75% Series A coupon with 7.25% Series E coupon
- Convertible Preferred not listed and non‑transferable without Fund consent
- Term Redemption Date set for Oct 30, 2030 (mandatory redemption then)
- Convertible Preferred are convertible into common shares using a conversion price tied to market price or NAV
- Offering sold privately without a placement agent, limiting public liquidity of new shares
Insights
Carlyle Credit Income Fund issues ~17,500 shares of 7.25% convertible preferred to raise
The Fund will sell approximately 17,500 shares of 7.25% Series E Convertible Preferred (liquidation preference
The securities convert into Common Shares using a Conversion Price equal to the greater of the five‑day average market price or the most recently reported NAV per Common Share; the Series E will not be exchange‑listed and transfers require Fund consent. The closed‑end structure means the transaction alters the Fund’s preferred stack and cash dividend obligations without immediate public trading of the new instrument. Watch the closing on or about
NEW YORK, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Carlyle Credit Income Fund (the “Fund”) (NYSE: CCIF), an externally managed closed-end fund focused on investing in primarily equity and junior debt tranches of collateralized loan obligations, has entered into a Purchase Agreement with certain institutional investors for the purchase and sale of approximately 17,500 shares of the Fund’s
The Convertible Preferred Shares pay a quarterly dividend at a fixed annual rate of
The Fund is required to redeem, out of funds legally available therefor, all outstanding Convertible Preferred Shares on October 30, 2030, or the “Term Redemption Date,” at a price equal to the liquidation preference plus an amount equal to accumulated but unpaid dividends and distributions, if any, on such shares (whether or not earned or declared, but excluding interest on such dividends) to, but excluding, the Term Redemption Date.
At any time on or after May 1, 2026, at the Fund’s sole option, the Fund may redeem, from time to time, the Convertible Preferred Shares in whole or in part, out of funds legally available for such redemption, at a price per share equal to the sum of the liquidation preference plus an amount equal to accumulated but unpaid dividends, if any, on such shares (whether or not earned or declared, but excluding interest on such dividends) to, but excluding, the date fixed for such redemption.
Each holder of a Convertible Preferred Share shall have the right, at such holder’s option, to convert any such Convertible Preferred Share, at any time on or after the date six months after the issuance date of the Convertible Preferred Share (the “Convertibility Date”) and prior to the close of business on the business day immediately preceding the Term Redemption Date, into such number of common shares of beneficial interest (“Common Shares”) equal to the liquidation preference of the Convertible Preferred Share plus an amount equal to all unpaid dividends and distributions on such Share accumulated to (but excluding) the date of exercise, divided by the Conversion Price. The “Conversion Price” is the greater of (i) the market price per Common Share, defined as the average official closing price for the five (5) trading days immediately prior to the date of exercise, or (ii) the Fund’s most recently reported net asset value per Common Share immediately prior to the date of exercise.
The Convertible Preferred Shares will not be listed on any exchange and may not be transferred without the consent of the Fund.
Additional information regarding the Convertible Preferred Shares is included in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission (“SEC”).
The Convertible Preferred Shares were offered directly to the purchasers without a placement agent, underwriter, broker or dealer.
The Convertible Preferred Shares and the Common Shares into which the Convertible Preferred Shares are convertible are being issued in reliance upon an exemption from registration under the Securities Act of 1933 (the “Securities Act”) and have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Convertible Preferred Shares, nor shall there be any sale of Convertible Preferred Shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.
The Fund intends to use the net proceeds from the offering to fund the redemption of its outstanding
In addition, following satisfaction of the applicable condition precedent, the Fund announced today that it will redeem all of the outstanding shares of its
The redemption price of the Series A Preferred Shares will be
All of the Series A Preferred Shares are held in book-entry form through The Depository Trust Company (“DTC”) and will each be redeemed in accordance with the procedures of DTC. Payment to DTC for the shares of Series A Preferred Shares will be made by Equiniti Trust Company LLC, (the “Redemption and Paying Agent”). From and after the Redemption Date, the Series A Preferred Shares being redeemed will no longer be deemed outstanding, dividends or interest will cease to accumulate and all the rights of the holders of such shares and/or notes will cease, except the right to receive the applicable redemption price.
The Redemption and Paying Agent can be reached by mail at Equiniti Trust Company, LLC, 28 Liberty Street, 53rd Floor, New York, NY 10005, Attention: Legal Department or via email at LegalTeamUS@equiniti.com.
About Carlyle Credit Income Fund
Carlyle Credit Income Fund (NYSE: CCIF) is an externally managed closed-end fund focused on investing in primarily equity and junior debt tranches of collateralized loan obligations (“CLOs”). The CLOs are collateralized by a portfolio consisting primarily of U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors. CCIF is externally managed by Carlyle Global Credit Investment Management L.L.C. (“CGCIM”), an SEC-registered investment adviser and wholly owned subsidiary of Carlyle. CCIF draws upon the significant scale and resources of Carlyle as one of the world’s largest CLO managers.
Web: www.carlylecreditincomefund.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may,” “plans,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions to identify forward-looking statements, although not all forward-looking statements include these words. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. We believe that it is important to communicate our future expectations to our investors. There may be events in the future, however, that we are not able to predict accurately or control. You should not place undue reliance on these forward-looking statements, which speak only as of the date on which we make it. Factors or events that could cause our actual results to differ, possibly materially from our expectations, include, but are not limited to, the risks, uncertainties and other factors we identify in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in filings we make with the Securities and Exchange Commission, and it is not possible for us to predict or identify all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
| Investors: | Media: | |
| Joseph Castilla | Kristen Ashton | |
| +1 (866) 277-8243 | +1 (212) 813-4763 | |
| investorrelations@carlylecreditincomefund.com | kristen.ashton@carlyle.com | |
FAQ
How much will Carlyle Credit Income Fund (CCIF) raise from the Series E convertible preferred offering?
What is the dividend rate and annual cash amount for CCIF Series E convertible preferred shares?
When will CCIF redeem the existing 8.75% Series A preferred shares and at what price?
When can Series E holders convert to CCIF common shares and how is the conversion price determined?
Will CCIF Series E shares trade on an exchange or be freely transferable?
