Carlyle Secured Lending, Inc. Announces Second Quarter 2023 Financial Results, Declares Third Quarter 2023 Dividends of $0.44 Per Common Share
August 08 2023 - 4:24PM
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 second quarter
ended June 30, 2023. The full detailed presentation of
CSL’s second quarter 2023 results can be viewed here.
Aren LeeKong, CSL’s Chief Executive Officer said, “In spite of a
complex economic backdrop, our portfolio continues to generate
attractive income for our investors and remained stable throughout
the second quarter. With traditional deal flow in the market
continuing to maintain a sluggish pace, we have focused on
leveraging Carlyle relationships for unique deal flow and working
with existing borrowers to address their needs, while improving
pricing and documentation. This backdrop allows us to be highly
selective and committed to disciplined credit underwriting, while
capturing attractive terms and pricing.”
Net investment income for the second quarter of 2023
was $0.52 per common share, and net asset value per
common share decreased by 2.1% for the second quarter to $16.73
from $17.09 as of March 31, 2023. The total fair value of our
investments was $1.9 billion as of June 30, 2023.
Dividends
On August 3, 2023, the Board of Directors declared a base
quarterly common dividend of $0.37 plus a supplemental common
dividend of $0.07, which are payable on October 17, 2023 to common
stockholders of record on September 29, 2023.
On June 27, 2023, the Company declared and
paid a cash dividend on the Preferred Stock for the period from
April 1, 2023 to June 30, 2023 in the amount of $0.438 per
Preferred Share to the holder of record on June 30, 2023.
Conference Call
The Company will host a conference call at 10:00 a.m. EDT on
Wednesday, August 9, 2023 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 June 30, 2023, CSL has invested approximately $7.9
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 $385 billion of
assets under management as of June 30, 2023, 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 2,200 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 |
+1-212-813-4900publicinvestor@carlylesecuredlending.com |
+1-212-813-4763kristen.greco@carlyle.com |
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