Carlyle Secured Lending Issues $150M in New Notes
Ticker: CGBD · Form: 8-K · Filed: Oct 17, 2024 · CIK: 1544206
| Field | Detail |
|---|---|
| Company | Carlyle Secured Lending, Inc. (CGBD) |
| Form Type | 8-K |
| Filed Date | Oct 17, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing, notes
TL;DR
Carlyle Secured Lending just dropped $150M in new 8% notes due 2029.
AI Summary
On October 10, 2024, Carlyle Secured Lending, Inc. entered into a material definitive agreement related to its 4.75% Notes due 2028. This agreement involves a new series of notes, specifically the Series A 8.00% Notes due 2029, with an aggregate principal amount of $150 million.
Why It Matters
The issuance of new debt by Carlyle Secured Lending indicates a potential expansion of its financing activities or a refinancing strategy, which could impact its leverage and future interest expenses.
Risk Assessment
Risk Level: medium — Issuing new debt increases leverage and interest expenses, which can be a risk if the company's investments do not generate sufficient returns.
Key Numbers
- $150M — New Debt Issuance (Aggregate principal amount of Series A 8.00% Notes due 2029)
- 8.00% — Interest Rate (Coupon rate for the new Series A Notes due 2029)
- 2029 — Maturity Year (Maturity year for the new Series A Notes)
Key Players & Entities
- Carlyle Secured Lending, Inc. (company) — Registrant
- 4.75% Notes due 2028 (debt_instrument) — Existing notes
- Series A 8.00% Notes due 2029 (debt_instrument) — Newly issued notes
- $150 million (dollar_amount) — Principal amount of new notes
- October 10, 2024 (date) — Date of the agreement
FAQ
What is the purpose of issuing the new Series A 8.00% Notes due 2029?
The filing indicates the entry into a material definitive agreement concerning the notes, but does not explicitly state the purpose of the issuance.
What is the aggregate principal amount of the new notes being issued?
The aggregate principal amount of the Series A 8.00% Notes due 2029 is $150 million.
When was the agreement for the new notes entered into?
The agreement was entered into on October 10, 2024.
What is the interest rate on the newly issued notes?
The Series A 8.00% Notes due 2029 carry an interest rate of 8.00%.
Are these new notes related to the existing 4.75% Notes due 2028?
The filing mentions the 4.75% Notes due 2028 in the context of the agreement, suggesting a relationship, possibly for refinancing or capital management.
Filing Stats: 817 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2024-10-17 17:04:32
Key Financial Figures
- $0.01 — ge on which registered: Common stock, $0.01 per share CGBD The Nasdaq Global Se
Filing Documents
- d889312d8k.htm (8-K) — 34KB
- d889312dex11.htm (EX-1.1) — 189KB
- 0001193125-24-238953.txt ( ) — 551KB
- cgbd-20241010.xsd (EX-101.SCH) — 5KB
- cgbd-20241010_cal.xml (EX-101.CAL) — 1KB
- cgbd-20241010_def.xml (EX-101.DEF) — 13KB
- cgbd-20241010_lab.xml (EX-101.LAB) — 13KB
- cgbd-20241010_pre.xml (EX-101.PRE) — 14KB
- d889312d8k_htm.xml (XML) — 9KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 1.1* Underwriting Agreement, dated October 10, 2024, by and among the Company, Carlyle Global Credit Investment Management L.L.C., and Carlyle Global Credit Administration L.L.C., on the one hand, and J.P. Morgan Securities LLC, Barclays Capital Inc., BofA Securities, Inc. and Morgan Stanley & Co. LLC, as representatives of the several underwriters named in Schedule I thereto, on the other hand. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Schedules and exhibits to this Exhibit have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company undertakes to furnish supplemental copies of any of the omitted schedules and exhibits to the Securities and Exchange Commission upon request. SIGNATURE 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 SECURED LENDING, INC. By: /s/ Nelson Joseph Name: Nelson Joseph Title: Chief Accounting Officer Date: October 17, 2024