| Carlyle Secured Lending Inc. (CGBD) Q1 2025 Earnings Call Transcript |
Carlyle Secured Lending Inc. (NASDAQ:CGBD ) Q1 2025 Earnings Conference Call May 7, 2025 11:00 AM ET Company Participants Nishil Mehta - Head of Shareholder Relations Justin Plouffe - Chief Executive Officer Tom Hennigan - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Securities Melissa Wedel - JPMorgan Operator Hello. Good day, and thank you for standing by. |
seekingalpha.com |
2025-05-07 16:22:50 |
Czytaj oryginał (ang.) |
| Carlyle Secured Lending, Inc. (CGBD) Q1 Earnings and Revenues Lag Estimates |
Carlyle Secured Lending, Inc. (CGBD) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.54 per share a year ago. |
zacks.com |
2025-05-06 23:40:34 |
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| 2 High-Yield BDCs To Navigate Volatility And Grow Your Income |
Market volatility and higher interest rates make BDCs attractive for income investors, with Bain Capital Specialty Finance and Carlyle Secured Lending offering strong dividend coverage and potential upside. Bain Capital Specialty Finance shows solid portfolio growth, strong dividend coverage, and a favorable P/NAV ratio, despite slight declines in net investment income and top-line revenue. Carlyle Secured Lending, despite recent declines, offers a compelling P/NAV ratio, solid liquidity, and strong dividend coverage, bolstered by a recent merger and investment-grade credit ratings. |
seekingalpha.com |
2025-05-05 11:15:00 |
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| Earnings Preview: Carlyle Secured Lending, Inc. (CGBD) Q1 Earnings Expected to Decline |
Carlyle Secured Lending (CGBD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-04-29 15:06:41 |
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| I'm Locking 8-12% Yields For Whatever Comes Next |
Capital gains can be volatile, but dividends provide stability. Two high-yield picks, Carlyle Secured Lending and CTO Realty Growth, offer yields of 8-12%. Carlyle Secured Lending offers a 12.2% yield, backed by a conservatively managed, senior-secured debt portfolio, strong liquidity, and a discounted price relative to NAV. CTO Realty Growth provides an 8.5% yield from retail properties in high-growth Sunbelt markets, demonstrating organic rent growth, strategic acquisitions, and a healthier balance sheet. |
seekingalpha.com |
2025-04-28 15:40:27 |
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| CGBDL: It Is A Good Time For Us To Switch Gears |
We constantly monitor BDC-issued Baby Bonds due to the issuers' regulatory leverage limitations and attractive yields, using Moody's BDC credit rating methodology for better evaluation. Carlyle Secured Lending offers a tempting adjusted NII yield of 13.5% and adjusted expected ROE of 11.8%, but with inherent credit and interest rate risks, too. CGBDL, trading at $26.00, offers a 7.50% Yield to Maturity but a less impressive 3.51% Yield to Call, making it less attractive currently. |
seekingalpha.com |
2025-04-24 11:50:50 |
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| Carlyle Secured Lending (CGBD) Surges 8.3%: Is This an Indication of Further Gains? |
Carlyle Secured Lending (CGBD) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. |
zacks.com |
2025-04-10 14:25:38 |
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| BDC Weekly Review: CGBD Completes Its Merger |
We take a look at the action in business development companies through the last week of March and highlight some of the key themes we are watching. BDCs finished flat for the week with MAIN and HTGC underperforming; sector valuation remains slightly above historic averages and down 7% from the recent peak. Carlyle Secured Lending's merger with CSL III closed, potentially pushing CGBD prices lower; CGBD is down 3.5% YTD, slightly expensive, but worth watching. |
seekingalpha.com |
2025-04-05 10:05:00 |
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| Carlyle Secured Lending: Closed Merger Improved Portfolio Quality |
CGBD is a defensively structured BDC with a strong portfolio, solid dividend coverage, and increasing investor recognition, currently trading at a ~0.96x P/BV multiple. The merger with CSL III will enhance CGBD's defensive nature, increasing assets to $2.8B and improving metrics. Post-merger, CGBD will have better diversification, higher first-lien debt exposure, and lower non-accruals. |
seekingalpha.com |
2025-04-01 17:02:11 |
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| Carlyle Secured Lending Announces Completion of Merger With CSL III |
CGBD's merger with Carlyle Secured Lending and CSL III signifies a strategic alignment that is likely to enhance operational efficiency and minimize costs. |
zacks.com |
2025-03-28 11:35:23 |
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| Carlyle Secured Lending, Inc. Closes Merger with Carlyle Secured Lending III |
NEW YORK, March 27, 2025 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“CGBD”) (NASDAQ: CGBD) announced today the closing of its previously announced merger with Carlyle Secured Lending III (“CSL III”) with CGBD as the surviving company. Based on March 25, 2025 financial data, the combined company has more than $2.8 billion of assets. |
globenewswire.com |
2025-03-27 11:08:00 |
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| Carlyle Secured Lending, Inc. Announces Shareholder Approval of Merger with Carlyle Secured Lending III |
NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“CGBD”) (NASDAQ: CGBD) announced today that CGBD shareholders voted overwhelmingly in favor of the previously announced merger with Carlyle Secured Lending III (“CSL III”) at the special meeting held on March 26, 2025. |
globenewswire.com |
2025-03-26 18:28:00 |
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| BDC Weekly Review: JPMorgan Muscling In On Private Credit Turf |
We take a look at the action in business development companies through the last week of February and highlight some of the key themes we are watching. BDCs remained flat amid volatile risk sentiment, with TCPC underperforming due to a poor quarter and dividend cut, while February saw slight overall gains for the sector. JPMorgan's $50bn direct lending initiative and merger of its commercial and investment banks could increase competition for BDCs in corporate lending. |
seekingalpha.com |
2025-03-08 07:56:52 |
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| Carlyle Secured Lending: 9.2% Yield & Merger Benefits Make Them Attractive |
Carlyle Secured Lending's high yield, solid fundamentals, and small premium to net asset value make it a worthy investment for income-oriented investors. Despite missing Q3 earnings estimates, Carlyle Secured Lending remains attractive due to its high-yield and robust balance sheet. The BDC sector stands to benefit if interest rates are cut or if inflation surges, making high-yield investments appealing. |
seekingalpha.com |
2025-03-04 17:00:00 |
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| Carlyle Secured Lending Inc. (CGBD) Q4 2024 Earnings Call Transcript |
Carlyle Secured Lending Inc. (NASDAQ:CGBD ) Q4 2024 Earnings Conference Call February 26, 2025 11:00 AM ET Company Participants Nishil Mehta - Head of Shareholder Relations Justin Plouffe - Chief Executive Officer Thomas Hennigan - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Melissa Weddle - JPMorgan Derek Hewett - Bank of America Operator Good day and thank you for standing by. Welcome to the Carlyle Secured Lending Inc. Fourth Quarter 2024 Earnings Call. |
seekingalpha.com |
2025-02-26 14:58:30 |
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| Carlyle Secured Lending, Inc. (CGBD) Q4 Earnings and Revenues Beat Estimates |
Carlyle Secured Lending, Inc. (CGBD) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.56 per share a year ago. |
zacks.com |
2025-02-25 21:25:21 |
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| Carlyle Secured Lending, Inc. Announces Financial Results For Fourth Quarter and Full Year Ended December 31, 2024, Declares First Quarter 2025 Dividends of $0.45 Per Common Share Inclusive of the Supplemental Dividend |
NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CGBD” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its fourth quarter and full year ended December 31, 2024. Justin Plouffe, CGBD's Chief Executive Officer said, “CGBD produced a strong finish to 2024 with portfolio growth driven by fourth quarter net investment activity. Net investment income remained comfortably above our base dividend and consistent with the prior quarter, despite tightening market spreads and continued repricing activity. We are very pleased with our performance throughout the fourth quarter and 2024 broadly, and we look forward to building on this performance throughout 2025.” |
globenewswire.com |
2025-02-25 18:36:00 |
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| BDC Weekly Review: Few Worries About MSDL Share Cap Raise |
We take a look at the action in business development companies through the second week of February and highlight some of the key themes we are watching. BDCs saw a strong 2% gain, driven by solid earnings and hot inflation numbers, with CGBD underperforming due to a BOA rating cut. Morgan Stanley Direct Lending Fund seeks shareholder approval to increase shares significantly, a common practice among BDCs with minimal dilution concerns. |
seekingalpha.com |
2025-02-22 08:31:28 |
Czytaj oryginał (ang.) |
| Will Carlyle Secured Lending (CGBD) Beat Estimates Again in Its Next Earnings Report? |
Carlyle Secured Lending (CGBD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. |
zacks.com |
2025-02-11 15:10:28 |
Czytaj oryginał (ang.) |
| Steeper Yield Curve And BDCs: This Is What You Have To Know |
The past couple of months, which include the steepening of the yield curve, have been positive for BDCs. However, higher long-term rates and a steeper yield curve create a net negative effect for BDC fundamentals. In this article, I explain the recent divergence between BDC prices and the worsening interest rate environment. |
seekingalpha.com |
2025-01-26 11:15:00 |
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| Carlyle Secured Lending: Call Risk Makes Baby Bonds Less Appealing |
Carlyle Secured Lending's baby bonds face increased call risk, prompting me to sell, despite the company's solid performance and no immediate financial threats. Net investment income has decreased slightly, but interest payments remain secure, with sustainable base dividends and variable special dividends benefiting shareholders. I sold my CGBDL position after the bond price exceeded $26, as the potential call in December 2025 reduces the effective annualized return. |
seekingalpha.com |
2025-01-20 12:40:00 |
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| Carlyle Secured Lending, Inc. Schedules Earnings Release and Quarterly Earnings Call to Discuss its Financial Results for the Fourth Quarter and Full Year Ended December 31, 2024 |
NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 11:00 a.m. EST on Wednesday, February 26, 2025 to announce its financial results for the fourth quarter and full year ended December 31, 2024. A news release containing the quarterly results will be issued on Tuesday, February 25, 2025. |
globenewswire.com |
2025-01-16 13:16:00 |
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| Carlyle Secured Lending: Trades At A Premium But For Good Reason (Rating Downgrade) |
I am downgrading my rating on Carlyle Secured Lending to a hold due to its current premium to NAV, making it less attractive for new positions. CGBD's portfolio strength, high dividend yield of 10.3%, and reduced non-accrual rate contribute to its solid outperformance compared to peer BDCs. Despite mixed financial results, CGBD's portfolio operates on a floating rate basis, benefiting from higher interest rates but facing potential challenges with anticipated rate cuts. |
seekingalpha.com |
2025-01-07 08:47:22 |
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| My Top 10 BDCs For 2025 |
Despite expected interest rate declines, BDCs are poised for strong performance in 2025 due to potential rate hikes and inflation uncertainties. BDCs provide capital to small businesses, have high yields, and are sensitive to interest rate changes, making them attractive for dividend-focused investors. Top BDCs like Ares Capital, Main Street Capital, and Blackstone Secured Lending show strong fundamentals, conservative management, and solid balance sheets. |
seekingalpha.com |
2025-01-02 09:00:00 |
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| KBW Announces Index Rebalancing for Fourth-Quarter 2024 |
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024. |
globenewswire.com |
2024-12-13 22:30:00 |
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| Carlyle Secured Lending: An 11% Yield That Is Still Worth Buying |
Carlyle Secured Lending offers an 11% yield, covering its dividend with net investment income, despite a decline in portfolio value and interest income. The non-accrual ratio improved significantly in 3Q24 due to selling underperforming loans, enhancing loan quality, and aligning with peers like Ares Capital. The BDC's portfolio value decreased 8% YoY, primarily due to higher repayments, impacting interest income and potentially the ability to pay supplemental dividends. |
seekingalpha.com |
2024-12-03 07:31:36 |
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| Carlyle Secured Lending: Stocking Stuffer Yielding 9.4% |
Carlyle Secured Lending Inc. is an overlooked small-cap business development company, or BDC, with solid fundamentals, poised for growth post-merger despite recent earnings misses. The BDC's dividend coverage remains strong at 109%, with a 9.4% yield, making it attractive for income investors in an expensive market. Carlyle's balance sheet is robust, with low leverage, strong liquidity, and investment-grade credit ratings, positioning it well for future challenges. |
seekingalpha.com |
2024-11-26 14:58:07 |
Czytaj oryginał (ang.) |
| The Market Is Missing Out On Carlyle Secured Lending |
Carlyle Secured Lending Inc. is a business development company, or BDC, that fills the financing gap for enterprises struggling to acquire more traditional forms of financing (public or bank). The Company's defensive portfolio provides solid metrics in terms of first-lien exposition and non-accruals. CGBD distinguishes itself with outstanding regular dividend coverage, which should attract investors and drive its premium to NAV higher. |
seekingalpha.com |
2024-11-25 19:13:31 |
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| STOCKHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Carlyle Secured Lending, Inc. – CGBD |
NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Carlyle Secured Lending, Inc. (NASDAQ: CGBD ), relating to a proposed merger between CGBD and Carlyle Secured Lending III. Under the terms of the agreement, shareholders of CSL III will receive newly issued shares of CGBD common stock based on an exchange ratio, calculated pursuant to a formula set forth in the merger agreement. |
globenewswire.com |
2024-11-06 17:49:00 |
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| Carlyle Secured Lending Inc. (CGBD) Q3 2024 Earnings Call Transcript |
Carlyle Secured Lending Inc. (NASDAQ:CGBD ) Q3 2024 Earnings Conference Call November 6, 2024 11:00 AM ET Company Participants Nishil Mehta - Head of Shareholder Relations Justin Plouffe - Chief Executive Officer Thomas Hennigan - Chief Financial Officer Conference Call Participants Bryce Rowe - B. Riley Melissa Wedel - JPMorgan Operator Good day and thank you for standing by and welcome to the Carlyle Secured Lending Inc. Third Quarter 2024 Earnings Conference Call. |
seekingalpha.com |
2024-11-06 15:39:20 |
Czytaj oryginał (ang.) |
| Carlyle Secured Lending, Inc. (CGBD) Q3 Earnings Beat Estimates |
Carlyle Secured Lending, Inc. (CGBD) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.52 per share a year ago. |
zacks.com |
2024-11-05 21:11:09 |
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| These 10 Dividend Stocks are Generating $6,000 in Annual Dividend Income |
24/7 Wall Street Insights Dividend stocks offer some of the most flexible options to suit investors of all types who seek passive income. |
247wallst.com |
2024-11-05 13:20:07 |
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| Carlyle Secured Lending, Inc. Schedules Earnings Release and Quarterly Earnings Call to Discuss its Financial Results for the Third Quarter Ended September 30, 2024 |
NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 11:00 a.m. EST on Wednesday, November 6, 2024 to announce its financial results for the third quarter ended September 30, 2024. A news release containing the quarterly results will be issued on Tuesday, November 5, 2024. |
globenewswire.com |
2024-10-16 20:20:00 |
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| Carlyle Secured Lending: 11% Yield And Merger-Driven Growth (Upgrade) |
Carlyle Secured Lending's merger with CSL III promises higher net investment income, improved liquidity, and better diversification, appealing to passive income investors. The stock trades at a 1% premium to NAV, with potential for re-rating if merger synergies are realized. Despite a 100% floating-rate portfolio, Carlyle Secured Lending's dividend coverage remains strong, with both base and special dividends well-covered. |
seekingalpha.com |
2024-10-12 08:25:23 |
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| Carlyle Secured Lending, Inc. Prices Public Offering of $300 Million 6.750% Unsecured Notes Due 2030 |
NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (Nasdaq: CGBD) (the "Company") today announced that it has priced an underwritten public offering of $300 million in aggregate principal amount of 6.750% unsecured notes due 2030 (the "Notes"). The Notes will mature on February 18, 2030 and may be redeemed in whole or in part at the Company's option at the applicable redemption price. The offering is expected to close on October 18, 2024, subject to customary closing conditions. |
globenewswire.com |
2024-10-10 20:13:00 |
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| Carlyle Secured Lending: Baby Bonds Offer 5.9% YTC For 15 Months |
Carlyle Secured Lending focuses on high-EBITDA middle market companies and offers a well-covered dividend of $0.47/share, with a robust Q2 performance. CGBD's net investment income of $0.51/share covers the $0.40/share dividend, despite unrealized losses, which could be recouped as interest rates decline. The merger with Carlyle Secured Lending III will increase assets to $2.5B, offering cost savings and reduced dilution through preferred stock conversion at NAV. |
seekingalpha.com |
2024-09-21 14:40:00 |
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| 3 Pillars To Minimize BDC Dividend Cut Risk In Your Portfolio |
It is very likely that for most BDCs, the earnings have peaked and the direction of travel is unfavorable. There are both structural and transitory headwinds that put a pressure on earnings, rendering the dividend coverage levels potentially unsustainable. In this article, I share three pillars that have to be in place in BDC dividend investor portfolio to mitigate the risk of experiencing a cut in their income streams. |
seekingalpha.com |
2024-09-08 03:12:00 |
Czytaj oryginał (ang.) |
| Carlyle Secured Lending: Recent Pullback, Merger And Discount To NAV Makes Them A Buy (Rating Upgrade) |
Carlyle Secured Lending is a promising BDC, benefiting from a merger with Carlyle Secured Lending III, enhancing their liquidity and scale. Despite a miss on their top & bottom lines, dividend coverage was strong and improved leverage, positioning CGBD well for future growth. They currently trade at a slight discount to NAV with the recent pullback of 8%, making CGBD a buy currently. |
seekingalpha.com |
2024-08-31 12:00:00 |
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| 2 BDCs That Improved And 2 That Got Worse After Q2 Earnings |
The recent BDC market dynamics indicate that quality will play an important role over the foreseeable future. Looking at the recent quarterly earnings data that have been published by many BDCs, we can see a clear divergence between high quality and aggressive BDCs. In this article, I elaborate on two BDCs that have become more attractive for investors, who prioritize defensive and predictable yield. |
seekingalpha.com |
2024-08-28 21:04:53 |
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| Need $15,000 Extra Income? These Dividend Stocks May Be the Ticket |
24/7 Wall Street Insights The current high interest environment has fueled the growth of the private credit market from $875 billion to over $1 trillion in a short time, with a projected $2.8 trillion market by 2027-28. |
247wallst.com |
2024-08-23 10:45:38 |
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| BDC Weekly Review: Yield Myopia Ignores The Right Metrics |
We take a look at the action in business development companies through the second week of August and highlight some of the key themes we are watching. BDCs underperformed with a total return of -2% due to poor quarterly results or dividend cuts. TriplePoint Venture Growth highlights the disconnect between dividend yield and total NAV return. |
seekingalpha.com |
2024-08-17 03:34:27 |
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| CARLYLE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Carlyle Secured Lending, Inc. - CGBD |
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Carlyle Secured Lending, Inc. (the “Company”) (NasdaqGS: CGBD) and Carlyle Secured Lending III (“CSL III”). Under the terms of the proposed transaction, CSL III shareholders will receive shares of CGBD based on a ratio determined shortly before the closing of the merger. KSF is seeking to determine whether t. |
businesswire.com |
2024-08-08 20:34:00 |
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| Carlyle Secured Lending (CGBD) Enters Merger Deal With CSL III |
Carlyle Secured Lending's (CGBD) merger with CSL III is projected to offer significant value and advantages to investors in the short term and over the long run. |
zacks.com |
2024-08-07 16:07:04 |
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