Carlyle Secured Lending, Inc. Prices Public Offering of 8.20% Notes Due 2028

About this update from Carlyle Secured Lending, Inc.

[{"type":"text","content":"NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (Nasdaq: CGBD) (the \"Company\") today announced that it has priced an underwritten public offering of $75.0 million aggregate principal amount of 8.20% unsecured notes due 2028 (the \"Notes\"). The Notes will mature on December 1, 2028 and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after December 1, 2025. The Notes will bear interest at a rate of 8.20% per year payable quarterly on March 1, June 1, September 1, and December 1 of each year, beginning March 1, 2024. The Company also granted the underwriters a 30-day option to purchase up to an additional $10.0 million aggregate principal amount of the Notes, solely to cover overallotments, if any. The offering is expected to close on November 20, 2023, subject to customary closing conditions. The Notes are expected to be listed on the Nasdaq Global Select Market (“Nasdaq”) and to trade thereon within 30 days of the original issue date under the trading symbol “CGBDL”. Morgan Stanley & Co. LLC and UBS Securities LLC are acting as joint book-running managers for this offering and B. Riley Securities, Inc. and TCG Capital Markets, L.L.C. are acting as co-managers for this offering. The Company intends to use the net proceeds from this offering to repay a portion of the amount outstanding under its existing senior secured revolving credit facility, to fund new investment opportunities, and for other general corporate purposes. The Company may reborrow from its revolving credit facility for general corporate purposes, which includes funding new investment opportunities in accordance with its investment objectives. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement, dated November 13, 2023, and the accompanying prospectus, dated April 29, 2021, each of which has been filed with the U.S. Securities and Exchange Commission (the \"SEC\"), contain a description of these matters and other information about the Company and should be read carefully before investing. The offering is being conducted as a public offering under the Company's effective shelf registration statement filed with the SEC (File No. 333-255589) and which became effective up...

More updates from Carlyle Secured Lending, Inc.