Carlyle Credit Income Fund Secures $100M Revolving Credit Facility
Ticker: CCID · Form: 8-K · Filed: Apr 11, 2024 · CIK: 1517767
| Field | Detail |
|---|---|
| Company | Carlyle Credit Income Fund (CCID) |
| Form Type | 8-K |
| Filed Date | Apr 11, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $7.88 |
| Sentiment | neutral |
Sentiment: neutral
Topics: credit-facility, financing, debt
TL;DR
CCIF just inked a $100M credit line maturing in 2027, giving them more ammo.
AI Summary
Carlyle Credit Income Fund announced on April 11, 2024, that it has entered into a new credit agreement. This agreement involves a revolving credit facility with a maximum principal amount of $100 million. The facility has an initial maturity date of April 11, 2027, with options for two one-year extensions.
Why It Matters
This new credit facility provides Carlyle Credit Income Fund with increased financial flexibility and access to capital, which can be used for investment opportunities and operational needs.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a credit agreement, which is standard for a fund of this nature and does not indicate any immediate or significant risks.
Key Numbers
- $100.0M — Revolving Credit Facility Amount (Maximum principal amount available under the new credit agreement.)
- 2027-04-11 — Initial Maturity Date (The date the credit facility is initially set to expire.)
Key Players & Entities
- Carlyle Credit Income Fund (company) — Registrant
- $100 million (dollar_amount) — Maximum principal amount of the revolving credit facility
- April 11, 2024 (date) — Date of report and earliest event
- April 11, 2027 (date) — Initial maturity date of the revolving credit facility
FAQ
What is the purpose of the new credit agreement?
The filing indicates the credit agreement establishes a revolving credit facility, which typically provides a company with access to funds for various purposes, including investments and operations.
What is the maximum amount Carlyle Credit Income Fund can borrow under this facility?
The maximum principal amount of the revolving credit facility is $100 million.
When does the credit facility initially mature?
The initial maturity date of the revolving credit facility is April 11, 2027.
Are there options to extend the maturity date of the credit facility?
Yes, the credit facility has options for two one-year extensions beyond the initial maturity date.
What is the filing date of this 8-K report?
The 8-K report was filed on April 11, 2024.
Filing Stats: 382 words · 2 min read · ~1 pages · Grade level 13.3 · Accepted 2024-04-11 16:07:20
Key Financial Figures
- $7.88 — r common share as of March 31, 2024 was $7.88. SIGNATURES Pursuant to the requirem
Filing Documents
- ccif-20240411.htm (8-K) — 31KB
- 0001517767-24-000026.txt ( ) — 186KB
- ccif-20240411.xsd (EX-101.SCH) — 2KB
- ccif-20240411_def.xml (EX-101.DEF) — 7KB
- ccif-20240411_lab.xml (EX-101.LAB) — 27KB
- ccif-20240411_pre.xml (EX-101.PRE) — 18KB
- ccif-20240411_htm.xml (XML) — 4KB
01 – Other Events
Item 8.01 – Other Events. Management's unaudited net asset value per common share as of March 31, 2024 was $7.88.
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: April 11, 2024 By: /s/ Nelson Joseph Name: Nelson Joseph Title: Principal Financial Officer