Press release
Carlyle Secured Lending, Inc. Announces First Quarter 2023 Financial Results, Declares Second Quarter 2023 Dividends of $0.44 Per Common Share
NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CSL” or the
About this update from The Carlyle Group Inc.
[{"type":"text","content":"NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) -- 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 first quarter ended March 31, 2023. The full detailed presentation of CSL’s first quarter 2023 results can be viewed here. Aren LeeKong, CSL’s Chief Executive Officer said, “Our first quarter results reflected the continued earnings strength and credit performance of our portfolio. The terms and pricing available in today’s loan market remain lender friendly and represent a particularly attractive vintage for putting capital to work. This backdrop allows us to be highly selective and committed to disciplined credit underwriting combined with prudent risk management.” Net investment income for the first quarter of 2023 was $0.50 per common share, and net asset value per common share increased by 0.6% for the first quarter to $17.09 from $16.99 as of December 31, 2022. The total fair value of our investments was $2.0 billion as of March 31, 2023. Dividends On May 4, 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 July 18, 2023 to common stockholders of record on June 30, 2023. On March 23, 2023, the Company declared and paid a cash dividend on the Preferred Stock for the period from January 1, 2023 to March 31, 2023 in the amount of $0.438 per Preferred Share to the holder of record on March 31, 2023. Conference Call The Company will host a conference call at 10:00 a.m. EDT on Wednesday, May 10, 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 March 31, 2023, CSL has invested approximately $7.8 billion in aggregate principal amount of debt and equity investments prior to any subsequent ...