Carlyle Secured Stock Price, News & Analysis

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.

Carlyle Secured Lending, Inc. (NASDAQ: CGBD) has announced its Q2 2024 financial results and a significant merger agreement. Key highlights include:

1. Net investment income of $0.51 per common share for Q2 2024
2. Net asset value per common share decreased by 0.7% to $16.95
3. Total fair value of investments at $1.7 billion as of June 30, 2024
4. Declared Q3 2024 dividends of $0.47 per common share ($0.40 base + $0.07 supplemental)
5. Entered into a merger agreement with Carlyle Secured Lending III, expected to close in Q1 2025

The company reported strong performance in Q2 2024, capitalizing on attractive origination opportunities in a competitive market. The merger is subject to customary closing conditions and involves Carlyle exchanging its CGBD convertible preferred stock for common shares.

Carlyle Secured Lending, Inc. (NASDAQ: CGBD) has announced its plans to release financial results for the second quarter ended June 30, 2024. The company will host a conference call on Monday, August 5, 2024, at 10:00 a.m. EST to discuss these results. A news release containing the quarterly results will be issued on the same day. Investors and interested parties can access the conference call via a public webcast available on Carlyle Secured Lending's website at carlylesecuredlending.com. The webcast recording will also be made available on the website shortly after the call concludes.

Carlyle Secured Lending, Inc. reported financial results for the first quarter ended March 31, 2024, with net investment income of $0.54 per common share and a 0.5% increase in net asset value. The company declared dividends of $0.47 per common share for the second quarter of 2024. CSL remains focused on its middle market lending strategy and aims to drive performance through disciplined credit selection and portfolio management.