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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, Inc. (NASDAQ: CGBD) will announce its fourth quarter and full year 2022 financial results during a conference call on February 28, 2023, at 10:00 a.m. EST. A press release will be distributed post-market close on February 27, 2023. The call can be accessed via a public webcast on the company’s website. Carlyle Secured Lending focuses on providing senior secured lending solutions to middle-market companies primarily in the U.S., and is managed by Carlyle Global Credit Investment Management. The firm aims to create value for investors, with a strong emphasis on capital structure.
Carlyle Secured Lending (CGBD) reported strong financial results for Q3 2022, highlighting a net investment income of $0.58 per share and an increase in net asset value to $17.16. The total fair value of investments reached $1.9 billion. The company declared a base dividend of $0.36 and a supplemental dividend of $0.08, payable on January 16, 2023. CEO Linda Pace attributed growth to solid portfolio performance and favorable market conditions. The Board has increased dividend rates for Q4, reflecting confidence in ongoing financial stability.
Carlyle Secured Lending (NASDAQ: CGBD) will announce its third-quarter financial results on November 9, 2022, during a conference call at 10:00 a.m. EST. The results will be released after market close on November 8, 2022. Investors can access the call via webcast on the company's website, where the recording will also be available afterward. Carlyle Secured Lending has been investing since 2013, focusing on senior secured lending to middle-market companies primarily in the United States.
Carlyle Secured Lending (CGBD) announced its Q2 2022 financial results, reporting total investments at fair value of $1.889 billion, up from $1.873 billion in Q1 2022. Despite this increase, net investment income dropped to $20.995 million, or $0.40 per share, compared to $24.644 million, or $0.47 per share in the previous quarter. The company declared a third-quarter dividend of $0.40 per share. Notably, net realized losses reached $17.205 million, primarily due to widening market yields. The net asset value per common share decreased to $16.81.
Carlyle Secured Lending, Inc. (NASDAQ: CGBD) will disclose its second quarter 2022 financial results on August 9, 2022. A conference call is scheduled for August 10, 2022, at 10:00 a.m. EDT to discuss these results. The call can be accessed via telephone or webcast, with an archived replay available afterward. The firm specializes in providing financing solutions, primarily senior secured lending to U.S. middle-market companies, and is managed by Carlyle Global Credit Investment Management.
Carlyle Secured Lending, Inc. (CGBD) reported solid first quarter results for the period ending March 31, 2022, showcasing a net increase in net asset value per share to $17.11 from $16.91. Total investment income reached $47.51 million, marking a rise from the previous quarter. Net investment income was $25.52 million, or $0.47 per share. The company declared a base dividend of $0.32 plus a supplemental dividend of $0.08, payable on July 15, 2022. Despite a slight decline in total investments, the firm exited its position in SolAero with proceeds exceeding fair value by $9.3 million.
Carlyle Secured Lending, Inc. (NASDAQ: CGBD) will announce its first quarter 2022 financial results in a conference call at 8:30 a.m. EDT on May 4, 2022. The results will be available through a news release after market close on May 3, 2022. Investors can access the call via phone or webcast on the company's website. Carlyle Secured Lending focuses on senior secured lending to middle-market companies in the U.S. and has been investing since 2013.
Carlyle Secured Lending, Inc has announced a leadership change, with Taylor Boswell stepping up as President and joining the Board of Directors, having previously served as Chief Investment Officer since 2019. Linda Pace will remain as CEO and Chair of the Board. The company also appointed three vice presidents: Michael Hadley, Jonathan Pearl, and Alex Popov as officers. Boswell emphasized commitment to sustainable income for shareholders amidst changing market dynamics.
On April 11, 2022, TCG BDC announced its name change to Carlyle Secured Lending. The new name reflects Carlyle's strength in credit markets while maintaining its commitment to delivering sustainable income to shareholders. CEO Linda Pace emphasized that the investment approach remains unchanged, focusing on senior secured lending to middle-market companies in the U.S. Carlyle Secured Lending will continue to operate under the NASDAQ ticker CGBD, leveraging Carlyle's extensive investment resources and expertise.
TCG BDC (CGBD) reported solid fourth-quarter results for 2021, highlighting total investment income of $43.97 million, up from $43.76 million in the prior quarter. Net investment income rose to $22.45 million, or $0.40 per share, compared to $22.09 million or $0.39 per share. However, net realized and unrealized gains decreased to $11.51 million from $25.53 million. The company continued its stock repurchase program, buying back 0.6 million shares. A base dividend of $0.32 and a supplemental dividend of $0.08 were declared, payable on April 15, 2022.
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