Carlyle Credit Income Fund Secures $100M Revolving Credit Facility
Ticker: CCID · Form: 8-K · Filed: Aug 9, 2024 · CIK: 1517767
| Field | Detail |
|---|---|
| Company | Carlyle Credit Income Fund (CCID) |
| Form Type | 8-K |
| Filed Date | Aug 9, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $7.64 |
| Sentiment | neutral |
Sentiment: neutral
Topics: credit-facility, financing, liquidity
TL;DR
CCIF just inked a $100M credit line due 2027 for more investment firepower.
AI Summary
Carlyle Credit Income Fund announced on August 9, 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, maturing on August 9, 2027. This facility is intended to provide the Fund with additional liquidity and flexibility for its investment activities.
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: medium — The introduction of new debt, even a revolving credit facility, increases the fund's leverage and associated financial risks.
Key Numbers
- $100M — Revolving Credit Facility Amount (Provides additional liquidity and flexibility for investment activities.)
- August 9, 2027 — Maturity Date (Sets the term for the new credit facility.)
Key Players & Entities
- Carlyle Credit Income Fund (company) — Registrant
- $100 million (dollar_amount) — Maximum principal amount of revolving credit facility
- August 9, 2027 (date) — Maturity date of the revolving credit facility
- August 9, 2024 (date) — Date of report and earliest event reported
FAQ
What is the purpose of the new revolving credit facility?
The facility is intended to provide the Fund with additional liquidity and flexibility for its investment activities.
What is the maximum principal amount of the new credit agreement?
The maximum principal amount is $100 million.
When does the new revolving credit facility mature?
The facility matures on August 9, 2027.
What is the filing date of this 8-K report?
The report was filed on August 9, 2024.
What was the former name of Carlyle Credit Income Fund?
The former name was Vertical Capital Income Fund, with a date of name change on April 11, 2011.
Filing Stats: 382 words · 2 min read · ~1 pages · Grade level 13.3 · Accepted 2024-08-09 16:01:44
Key Financial Figures
- $7.64 — er common share as of July 31, 2024 was $7.64. SIGNATURES Pursuant to the requirem
Filing Documents
- ccif-20240809.htm (8-K) — 31KB
- 0001517767-24-000055.txt ( ) — 186KB
- ccif-20240809.xsd (EX-101.SCH) — 2KB
- ccif-20240809_def.xml (EX-101.DEF) — 7KB
- ccif-20240809_lab.xml (EX-101.LAB) — 27KB
- ccif-20240809_pre.xml (EX-101.PRE) — 18KB
- ccif-20240809_htm.xml (XML) — 4KB
01 – Other Events
Item 8.01 – Other Events. Management's unaudited net asset value per common share as of July 31, 2024 was $7.64.
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: August 9, 2024 By: /s/ Nelson Joseph Name: Nelson Joseph Title: Principal Financial Officer