Carlyle Secured Lending, Inc. Announces Third Quarter 2022 Financial Results, Declares Total Fourth Quarter 2022 Dividends of $0.44 Per Share and Increases Quarterly Base Dividend Rate Again
November 08 2022 - 6:58PM
Carlyle Secured Lending, Inc. (together with its consolidated
subsidiaries, “we,” “us,” “our,” “CSL” or the “Company”) (NASDAQ:
CGBD) today announced its financial results for its third quarter
ended September 30, 2022. The full detailed presentation
of CSL’s third quarter 2022 results can be viewed here.
Linda Pace, CSL’s Chief Executive Officer said, “Our third
quarter results were very strong with substantial increases in our
sustainable income level and our net asset value driven by the
continued solid credit performance of our portfolio. The
combination of higher base rates, our stable portfolio and the
current deployment environment enabled us to deliver growth in our
core earnings. Based on these factors, we increased both our base
and supplemental dividend rates for the fourth quarter.”
Net investment income for the third quarter of 2022
was $0.58 per common share, and net asset value per
common share increased by 2.1% for the third quarter to $17.16 from
$16.81 as of June 30, 2022. The total fair value of our investments
was $1.9 billion as of September 30, 2022.
Dividends
On October 31, 2022, the Board of Directors declared a base
quarterly common dividend of $0.36 plus a supplemental common
dividend of $0.08, which are payable on January 16, 2023 to common
stockholders of record on December 30, 2022.
On September 22, 2022, the Company declared
and paid a cash dividend on the Preferred Stock for the period from
July 1, 2022 to September 30, 2022 in the amount of $0.438 per
Preferred Share to the holder of record on September 30,
2022.
Conference Call
The Company will host a conference call at 10:00 a.m. EST on
Wednesday, November 9, 2022 to discuss these quarterly
financial results. The conference call will be available via public
webcast via a link on Carlyle Secured Lending’s website and will
also be available on our website soon after the call’s
completion.
Carlyle Secured Lending, Inc.
CSL is an externally managed specialty finance company focused
on lending to middle-market companies. CSL is managed by Carlyle
Global Credit Investment Management L.L.C., an SEC-registered
investment adviser and a wholly owned subsidiary of The Carlyle
Group Inc. Since it commenced investment operations in May 2013
through September 30, 2022, CSL has invested approximately
$7.6 billion in aggregate principal amount of debt and equity
investments prior to any subsequent exits or repayments. CSL’s
investment objective is to generate current income and capital
appreciation primarily through debt investments in U.S. middle
market companies. CSL has elected to be regulated as a business
development company under the Investment Company Act of 1940, as
amended.
Web: carlylesecuredlending.com
About Carlyle
Carlyle (“Carlyle,” or the “Adviser”) (NASDAQ: CG) is a global
investment firm with deep industry expertise that deploys private
capital across three business segments: Global Private Equity,
Global Credit and Global Investment Solutions. With $369 billion of
assets under management as of September 30, 2022, Carlyle’s purpose
is to invest wisely and create value on behalf of its investors,
portfolio companies and the communities in which we live and
invest. Carlyle employs more than 2,100 people in 29 offices across
five continents. Further information is available at
www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
This press release may contain forward-looking statements that
involve substantial risks and uncertainties. You can identify these
statements by the use of forward-looking terminology such as
“anticipates,” “believes,” “expects,” “intends,” “will,” “should,”
“may,” “plans,” “continue,” “believes,” “seeks,” “estimates,”
“would,” “could,” “targets,” “projects,” “outlook,” “potential,”
“predicts” and variations of these words and similar expressions to
identify forward-looking statements, although not all
forward-looking statements include these words. You should read
statements that contain these words carefully because they discuss
our plans, strategies, prospects and expectations concerning our
business, operating results, financial condition and other similar
matters. We believe that it is important to communicate our future
expectations to our investors. There may be events in the future,
however, that we are not able to predict accurately or control. You
should not place undue reliance on these forward-looking
statements, which speak only as of the date on which we make it.
Factors or events that could cause our actual results to differ,
possibly materially from our expectations, include, but are not
limited to, the risks, uncertainties and other factors we identify
in the sections entitled “Risk Factors” and “Cautionary Statement
Regarding Forward-Looking Statements” in filings we make with the
Securities and Exchange Commission, and it is not possible for us
to predict or identify all of them. We undertake no obligation to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise, except
as required by law.
Contacts:
Investors: |
Media: |
Daniel Hahn |
Kristen Greco |
+1-212-813-4900 |
+1-212-813-4763 |
publicinvestor@carlylesecuredlending.com |
kristen.greco@carlyle.com |
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