Carlyle Secured Lending, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results, Increases Base Dividend to $0.40 Per Common Share and Declares First Quarter 2024 Dividends of $0.48 Per Common Share
26 Februar 2024 - 11:49PM
Carlyle Secured Lending, Inc. (together with its consolidated
subsidiaries, “we,” “us,” “our,” “CSL” or the “Company”) (NASDAQ:
CGBD) today announced its financial results for its fourth quarter
and full year ended December 31, 2023.
Aren LeeKong, CSL’s Chief Executive Officer said,
“We are very pleased with our fourth quarter and fiscal year 2023
results, which we believe were due to our ability to capitalize on
the breadth and depth of the OneCarlyle platform and drive
performance throughout an evolving market environment. Despite the
market's complexity, we remained steadfast in our disciplined
approach to deliver steady income and solid credit performance by
sourcing transactions during 2023 with pricing, terms and
structures that were attractive relative to historical
originations. As a result of our continued execution of this
strategy, the quality of our portfolio, and confidence in the
future, we are increasing our base dividend by $0.03 to $0.40 per
share.”
Net investment income for the fourth quarter of
2023 was $0.56 per common share, and net asset value per
common share increased by 0.8% for the fourth quarter to $16.99
from $16.86 as of September 30, 2023. The total fair value of our
investments was $1.8 billion as of December 31, 2023.
Net investment income for 2023
was $2.10 per common share. The net asset value per
common share was $16.99 as of December 31, 2023, unchanged
from $16.99 as of December 31, 2022.
Dividends
On February 20, 2024, the Board of Directors
declared a base quarterly common dividend of $0.40 per share, a
$0.03 per share or 8% increase from our prior base dividend, plus a
supplemental common dividend of $0.08 per share. The dividends are
payable on April 17, 2024 to common stockholders of record on
March 29, 2024.
On December 19, 2023, the Company declared a
cash dividend on the Preferred Stock for the period from October 1,
2023 to December 31, 2023 in the amount of $0.438 per
Preferred Share to the holder of record on December 29,
2023.
Conference Call
The Company will host a conference call at 11:00
a.m. EST on Tuesday, February 27, 2024 to discuss these
quarterly financial results. The conference call will be available
via public webcast via a link on Carlyle Secured Lending’s website
and will also be available on our website soon after the call’s
completion.
Carlyle Secured Lending, Inc.
CSL is an externally managed specialty finance
company focused on lending to middle-market companies. CSL is
managed by Carlyle Global Credit Investment Management L.L.C., an
SEC-registered investment adviser and a wholly owned subsidiary of
The Carlyle Group Inc. Since it commenced investment operations in
May 2013 through December 31, 2023, CSL has invested
approximately $8.2 billion in aggregate principal amount of
debt and equity investments prior to any subsequent exits or
repayments. CSL’s investment objective is to generate current
income and capital appreciation primarily through debt investments
in U.S. middle market companies. CSL has elected to be regulated as
a business development company under the Investment Company Act of
1940, as amended.
Web: carlylesecuredlending.com
About Carlyle
Carlyle (“Carlyle,” or the “Adviser”) (NASDAQ: CG)
is a global investment firm with deep industry expertise that
deploys private capital across three business segments: Global
Private Equity, Global Credit and Global Investment Solutions. With
$426 billion of assets under management as of
December 31, 2023, Carlyle’s purpose is to invest wisely and
create value on behalf of its investors, portfolio companies and
the communities in which we live and invest. Carlyle employs more
than 2,200 employees in 28 offices across four continents. Further
information is available at www.carlyle.com. Follow Carlyle on X
@OneCarlyle and LinkedIn at The Carlyle Group.
CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking
statements that involve substantial risks and uncertainties. You
can identify these statements by the use of forward-looking
terminology such as “anticipates,” “believes,” “expects,”
“intends,” “will,” “should,” “may,” “plans,” “continue,”
“believes,” “seeks,” “estimates,” “would,” “could,” “targets,”
“projects,” “outlook,” “potential,” “predicts” and variations of
these words and similar expressions to identify forward-looking
statements, although not all forward-looking statements include
these words. You should read statements that contain these words
carefully because they discuss our plans, strategies, prospects and
expectations concerning our business, operating results, financial
condition and other similar matters. We believe that it is
important to communicate our future expectations to our investors.
There may be events in the future, however, that we are not able to
predict accurately or control. You should not place undue reliance
on these forward-looking statements, which speak only as of the
date on which we make it. Factors or events that could cause our
actual results to differ, possibly materially from our
expectations, include, but are not limited to, the risks,
uncertainties and other factors we identify in the sections
entitled “Risk Factors” and “Cautionary Statement Regarding
Forward-Looking Statements” in filings we make with the Securities
and Exchange Commission, and it is not possible for us to predict
or identify all of them. We undertake no obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise, except as required
by law.
Contacts:
Investors: |
Media: |
Daniel Hahn |
Kristen Greco Ashton |
+1-212-813-4928publicinvestor@carlylesecuredlending.com |
+1-212-813-4763kristen.ashton@carlyle.com |
Carlyle Secured Lending (NASDAQ:CGBD)
Historical Stock Chart
Von Aug 2024 bis Sep 2024
Carlyle Secured Lending (NASDAQ:CGBD)
Historical Stock Chart
Von Sep 2023 bis Sep 2024