other material
confidence high
sentiment neutral
materiality 0.75
Carlyle Credit Income Fund raises ~$22.1M via convertible preferred and common stock offerings
Carlyle Credit Income Fund
- Raised ~$10.6M net from private placement of 11,517 7.125% Series B Convertible Preferred Shares due 2029.
- Raised ~$11.5M net from registered direct placement of 1,444,865 common shares at $7.9592 per share.
- Convertible preferred shares pay 7.125% annual dividend, convertible into common at higher of market price or NAV.
- Both offerings made directly to institutional investors; no placement agent or underwriter used.