M&A
confidence high
sentiment neutral
materiality 0.60
Carlyle Secured Lending amends merger agreement to cap transaction cost responsibility
Carlyle Secured Lending, Inc.
- Advisors to bear up to $5M in transaction costs if merger closes.
- If merger fails due to lack of CGBD stockholder vote, CSL III Advisor covers up to $2.5M of CSL III's share.
- If merger fails for other reasons, advisors bear 50% of costs up to $2.5M.
- Amendment unanimously approved by CGBD's board and special committee.