Welcome to our dedicated page for Carlyle Secured Lending news (Ticker: CGBD), a resource for investors and traders seeking the latest updates and insights on Carlyle Secured Lending stock.
Carlyle Secured Lending, Inc. (NASDAQ: CGBD) is a publicly traded business development company, specializing in providing financing solutions across the capital structure with a primary focus on senior secured lending to middle-market companies in the United States. Established in 2013, the company aims to generate current income and capital appreciation through debt investments in U.S. middle-market firms. CSL is externally managed by Carlyle Global Credit Investment Management L.L.C., an SEC-registered investment adviser and wholly owned subsidiary of The Carlyle Group Inc. Since its inception, CSL has invested approximately $8.0 billion in aggregate principal debt and equity investments as of September 30, 2023, excluding subsequent exits or repayments.
CSL's investment strategy leverages Carlyle's extensive global network and deep industry expertise to source unique deal opportunities and maintain disciplined credit underwriting. Despite a sluggish traditional deal flow, CSL has successfully utilized its relationships and existing borrower connections to generate attractive incomes for its investors, maintaining stability in its portfolio even in complex economic environments.
Recent financial highlights include net investment income of $0.52 per common share for the third quarter of 2023 and a slight increase in net asset value per common share to $16.86 from $16.73 as of June 30, 2023. The total fair value of CSL’s investments stood at $1.9 billion as of September 30, 2023.
The company declared a base quarterly common dividend of $0.37 and a supplemental common dividend of $0.07 on November 2, 2023, payable on January 18, 2024, to common stockholders of record on December 29, 2023. This reflects the company's commitment to delivering consistent returns to its shareholders.
CSL will host a conference call at 10:00 a.m. ET on Wednesday, November 8, 2023, to discuss quarterly financial results, which will also be available via public webcast on Carlyle Secured Lending’s website.
About Carlyle Group
Carlyle (NASDAQ: CG) is a global investment firm with a significant presence across three business segments: Global Private Equity, Global Credit, and Global Investment Solutions. With $382 billion in assets under management as of September 30, 2023, Carlyle aims to invest wisely and create value for its investors, portfolio companies, and the communities where it operates. The firm employs over 2,200 people across 28 offices on four continents.
For more information, visit carlylesecuredlending.com.
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.
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.
FAQ
What is the current stock price of Carlyle Secured Lending (CGBD)?
What is the market cap of Carlyle Secured Lending (CGBD)?
What is Carlyle Secured Lending, Inc.?
When was Carlyle Secured Lending established?
What is CSL's investment strategy?
Who manages CSL?
What are CSL's recent financial highlights?
How much has CSL invested since inception?
What dividend did CSL declare recently?
When is CSL’s next conference call?
What is Carlyle Group?
How can I learn more about CSL?
