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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) will host a conference call on May 10, 2023, at 10:00 a.m. EDT to announce its first quarter 2023 financial results. The quarterly results will be released after market close on May 9, 2023. Interested parties can access the call via a public webcast on the company's website. Carlyle Secured Lending focuses on senior secured lending to middle-market companies in the U.S. and is managed by Carlyle Global Credit Investment Management. The firm has been operational since 2013, emphasizing directly originated financing solutions.
Carlyle Secured Lending, Inc. (CGBD) reported its financial results for Q4 and full year 2022, revealing a net investment income of $0.48 per share. The net asset value (NAV) per share decreased by 1.0% to $16.99. As of December 31, 2022, the total fair value of investments was $2.0 billion. The Board declared a quarterly common dividend of $0.37 plus a supplemental $0.07, payable on April 14, 2023. Linda Pace, Chair of the Board, expressed confidence in sustainable income and positive NAV growth for 2023, as the company aims to create long-term value for shareholders.
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