secwatch.observer — SEC 8-K summary
======================================

Issuer:     Carlyle Secured Lending, Inc. (CGBD)
CIK:        0001544206
Form:       8-K
Filed at:   2025-03-28T23:59:59+00:00
Accession:  0001193125-25-065938
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 3.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carlyle Secured Lending closes merger with CSL III; preferred stock converted to common
--------------------------------------------------------------------------------

- Merger with CSL III completed March 27; former CSL III shareholders received 1.2137 CGBD shares per CSL III share, ~18.9M shares issued.
- CIM exchanged all 2M convertible preferred shares for 3,004,808 common shares; preferred no longer outstanding.
- CIM entered lock-up agreement: shares restricted for 360, 540, 720 days in three tranches; registration rights granted.
- CGBD assumed $250M CSL III SPV credit facility; $206M outstanding, matures 2030, SOFR+2.85%.
- Shareholders voted 96% in favor of merger stock issuance at special meeting on March 26.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1544206/000119312525065938/0001193125-25-065938-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1544206/000119312525065938/d906363d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-065938

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer