Carlyle Secured Stock Price, News & Analysis

Carlyle Secured Lending (NASDAQ: CGBD) has announced it will release its first quarter 2025 financial results on Tuesday, May 6, 2025. The company will host a conference call to discuss these results on Wednesday, May 7, 2025, at 11:00 a.m. EST.

The earnings conference call will be accessible through a public webcast available on the company's website at carlylesecuredlending.com. A recording of the call will also be made available on the website following the event.

Carlyle Secured Lending (NASDAQ: CGBD) has completed its previously announced merger with Carlyle Secured Lending III (CSL III), creating a combined entity with over $2.8 billion in assets as of March 25, 2025.

As part of the merger, CSL III shareholders received 18,935,108 CGBD common stock shares based on the final exchange ratio. Additionally, Carlyle Investment Management (CIM) exchanged its CGBD convertible preferred stock for 3,004,808 common shares at current NAV, eliminating potential dilution risk from the December 31, 2024 conversion price of $8.87.

CIM entered a tiered lock-up agreement and covered $5.0 million in transaction costs on behalf of CGBD to reduce merger expenses. The transaction aims to enhance scale and deliver consistent income and returns for shareholders of the combined company.

Carlyle Secured Lending (NASDAQ: CGBD) has received overwhelming shareholder approval for its merger with Carlyle Secured Lending III (CSL III). At the special meeting on March 26, 2025, 96% of voting CGBD shareholders supported the proposal to issue common stock for the merger transaction.

The merger is scheduled to close on March 27, 2025, subject to customary closing conditions. According to CEO Justin Plouffe, the combined company is expected to generate long-term value through increased portfolio scale and efficiency.

Carlyle Secured Lending (NASDAQ: CGBD) reported strong Q4 and full-year 2024 financial results. The company achieved net investment income of $0.47 per share in Q4 and $2.00 per share for full-year 2024. The total fair value of investments increased to $1.8 billion as of December 31, 2024.

Net asset value (NAV) per common share slightly decreased by 0.3% to $16.80 from $16.85 in Q4. The Board declared a Q1 2025 dividend of $0.45 per share, consisting of a $0.40 base quarterly dividend plus a $0.05 supplemental dividend, payable on April 17, 2025.

The company's performance remained strong despite tightening market spreads and continued repricing activity. Since its inception in May 2013, CGBD has invested approximately $8.7 billion in aggregate principal amount of debt and equity investments.

Carlyle Secured Lending (NASDAQ: CGBD) has announced it will hold a conference call on Wednesday, February 26, 2025 at 11:00 a.m. EST to discuss its financial results for the fourth quarter and full year ended December 31, 2024. The company will release its quarterly results through a news release on Tuesday, February 25, 2025. The conference call will be accessible through a public webcast on the company's website at carlylesecuredlending.com, where it will also be available for replay after the event.

Carlyle Secured Lending (NASDAQ: CGBD) reported its Q3 2024 financial results, delivering net investment income of $0.47 per share and adjusted net investment income of $0.49 per share. The company's net asset value per share decreased 0.6% to $16.85 from $16.95 in the previous quarter. Total investment fair value stood at $1.7 billion. The Board declared a base quarterly dividend of $0.40 plus a supplemental dividend of $0.05 per share, payable on January 17, 2025. The company completed a refinancing of its CLO 2015-1R notes during the quarter.

Carlyle Secured Lending (NASDAQ: CGBD) has announced its plans to release financial results for the third quarter ended September 30, 2024. The company will issue a news release containing the quarterly results on Tuesday, November 5, 2024. Following this, Carlyle Secured Lending will host a conference call at 11:00 a.m. EST on Wednesday, November 6, 2024 to discuss these financial results.

Investors and interested parties can access the conference call via a public webcast through a link available on the company's website at carlylesecuredlending.com. Additionally, a recording of the call will be made available on the website shortly after its completion.

Carlyle Secured Lending, Inc. (Nasdaq: CGBD) has priced a $300 million public offering of 6.750% unsecured notes due 2030. The notes will mature on February 18, 2030, with an option for early redemption. The offering is expected to close on October 18, 2024. The company plans to use the net proceeds to repay outstanding debt, including approximately $190 million in maturing notes, fund new investments, and for general corporate purposes.

Several major financial institutions are acting as joint book-running managers and co-managers for this offering. The company has filed a shelf registration statement with the SEC, and investors are advised to carefully review the pricing term sheet, preliminary prospectus supplement, and accompanying prospectus before investing.

Carlyle Secured Lending, Inc. (NASDAQ: CGBD) has announced a merger with Carlyle Secured Lending III (CSL III), creating a combined entity with over $2.5 billion in total assets and $1.2 billion in net assets. The stock-for-stock transaction aims to provide increased scale, liquidity, and efficiency for investors. Key benefits include:

1. Elimination of CGBD's preferred stock dilution overhang
2. Potential for improved debt market access and reduced costs
3. Continuation of successful lending strategy with greater scale
4. Adviser support covering merger-related expenses up to $5 million

The merger is expected to close in Q1 2025, subject to regulatory and shareholder approvals.