M&A
confidence high
sentiment positive
materiality 0.85
CGBD reports Q2 NII $0.51/sh, NAV $16.95; announces merger with CSL III, dividend $0.47
Carlyle Secured Lending, Inc.
- Q2 2024 NII $0.51 per share; NAV $16.95 per share (down 0.7% from $17.07); total investments $1.7B.
- Entered merger agreement with CSL III; expected close in first fiscal quarter 2025; Carlyle preferred stock exchange.
- Declared Q3 2024 dividend $0.47/share ($0.40 base + $0.07 supplemental), payable Oct 17, record Sep 30.
- Merger subject to stockholder approval, HSR waiting period, and other conditions; termination fee ~$26M.
- Advisors to bear transaction costs up to $5M aggregate cap if merger closes; lock-up agreement for Carlyle shares.