Carlyle Credit Income Fund Secures $100M Credit Facility
Ticker: CCID · Form: 8-K · Filed: Mar 13, 2024 · CIK: 1517767
| Field | Detail |
|---|---|
| Company | Carlyle Credit Income Fund (CCID) |
| Form Type | 8-K |
| Filed Date | Mar 13, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $7.93 |
| Sentiment | neutral |
Sentiment: neutral
Topics: credit-facility, financing
TL;DR
CCIF just got a $100M credit line to boost its war chest.
AI Summary
Carlyle Credit Income Fund announced on March 13, 2024, that it has entered into a new credit agreement. The agreement involves a revolving credit facility with a maximum principal amount of $100 million. This facility is intended to provide the Fund with additional financial flexibility.
Why It Matters
This new credit facility provides Carlyle Credit Income Fund with increased financial flexibility, potentially enabling it to pursue new investment opportunities or manage existing obligations more effectively.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a credit agreement, which is a standard financial instrument for funds and does not inherently indicate distress or significant new risks.
Key Numbers
- $100.0M — Revolving Credit Facility (Maximum principal amount available to the Fund.)
Key Players & Entities
- Carlyle Credit Income Fund (company) — Registrant
- $100 million (dollar_amount) — Maximum principal amount of the revolving credit facility
- March 13, 2024 (date) — Date of report and earliest event
FAQ
What is the purpose of the new credit agreement?
The filing states the revolving credit facility is intended to provide the Fund with additional financial flexibility.
What is the maximum amount available under the new credit facility?
The maximum principal amount of the revolving credit facility is $100 million.
When was this credit agreement reported?
The credit agreement was reported on March 13, 2024.
What type of credit facility is this?
It is a revolving credit facility.
Does the filing mention any specific use for the funds from the credit facility?
No, the filing broadly states it is to provide 'additional financial flexibility' and does not specify particular uses.
Filing Stats: 382 words · 2 min read · ~1 pages · Grade level 13.3 · Accepted 2024-03-13 16:07:28
Key Financial Figures
- $7.93 — ommon share as of February 29, 2024 was $7.93. SIGNATURES Pursuant to the requirem
Filing Documents
- ccif-20240313.htm (8-K) — 31KB
- 0001517767-24-000016.txt ( ) — 186KB
- ccif-20240313.xsd (EX-101.SCH) — 2KB
- ccif-20240313_def.xml (EX-101.DEF) — 7KB
- ccif-20240313_lab.xml (EX-101.LAB) — 27KB
- ccif-20240313_pre.xml (EX-101.PRE) — 18KB
- ccif-20240313_htm.xml (XML) — 4KB
01 – Other Events
Item 8.01 – Other Events. Management's unaudited net asset value per common share as of February 29, 2024 was $7.93.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CARLYLE CREDIT INCOME FUND (Registrant) Dated: March 13, 2024 By: /s/ Nelson Joseph Name: Nelson Joseph Title: Principal Financial Officer