HOUSTON, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Quantum Capital Group and its affiliates ("Quantum") today announced that it has entered into an agreement to acquire Cogentrix Energy ("Cogentrix" or the "Company"), a premier U.S. independent power producer, from funds managed by Carlyle (NASDAQ: CG) for a total consideration of approximately $3 billion. The Cogentrix platform is comprised of 5.3 gigawatts of efficient and flexible natural gas-fired power plants, located throughout PJM, ERCOT, and ISO-NE, which s ...

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NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, "we," "us," "our," "CGBD" or the "Company") (NASDAQ: CGBD) today announced its financial results for its second quarter ended June 30, 2024. Justin Plouffe, CGBD's Chief Executive Officer said, "Our core middle-market strategy and active approach to portfolio management continued to drive strong performance in the second quarter of 2024, as we maintained a dynamic approach to origination i ...

Provides meaningful scale and diversity to CGBD through addition of a Carlyle-managed portfolio Carlyle to exchange CGBD convertible preferred stock for CGBD common stock at NAV, eliminating current 5% – 8% preferred stock dilution overhang Advisors agreed to cover transaction costs in certain circumstances up to a total cap of $5 million NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, "we," "us," "our," "CGBD" or the "Company") (NASDAQ ...

Core Viewpoint - Carlyle Secured Lending, Inc. reported strong performance in Q2 2024, driven by its middle-market strategy and active portfolio management, with expectations for increased deal activity through year-end [2] Financial Performance - Net investment income for Q2 2024 was $0.51 per common share [2] - Net asset value per common share decreased by 0.7% to $16.95 from $17.07 as of March 31, 2024 [2] - Total fair value of investments was $1.7 billion as of June 30, 2024 [2] Mergers and Acquisitions - On August 2, 2024, the company entered into a Merger Agreement with Carlyle Secured Lending III, which involves a two-step merger process [3] - The transaction is expected to close during the first fiscal quarter of 2025, subject to customary closing conditions [3] Dividends - The Board of Directors declared a base quarterly common dividend of $0.40 per share and a supplemental common dividend of $0.07 per share, payable on October 17, 2024 [5] - A cash dividend of $0.438 per Preferred Share was declared for the period from April 1, 2024, to June 30, 2024 [5] Company Overview - Carlyle Secured Lending, Inc. is an externally managed specialty finance company focused on lending to middle-market companies [7] - Since its inception in May 2013, the company has invested approximately $8.5 billion in aggregate principal amount of debt and equity investments [7] - The company is regulated as a business development company under the Investment Company Act of 1940 [8]

Provides meaningful scale and diversity to CGBD through addition of a Carlyle-managed portfolio Carlyle to exchange CGBD convertible preferred stock for CGBD common stock at NAV, eliminating current 5% – 8% preferred stock dilution overhang Advisors agreed to cover transaction costs in certain circumstances up to a total cap of $5 million NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, "we," "us," "our," "CGBD" or the "Company") (NASDAQ ...

Analysts on Wall Street project that Carlyle Group (CG) will announce quarterly earnings of $0.84 per share in its forthcoming report, representing a decline of 4.6% year over year. Revenues are projected to reach $864.7 million, declining 11.6% from the same quarter last year. Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the ...

State and federal agencies continue to invest in cloud solutions and cloud-native application development to advance their missions and enable seamless interactions between different agencies. Specifically, state agencies are increasingly prioritizing the adoption of cloud services, with a focus on enhancing benefits claims processing and case management-based workloadsi. Acentra Health uses its AWS-enabled cloud capabilities to process more than 1.8 billion claims and more than 5.7 million prior authorizat ...

"Acentra Health serves more than 45 state and 25 federal agencies, impacting the lives of 140 million beneficiaries nationwide," said Harish Nanda, Chief Technology Officer, Acentra Health. "This award recognizes our technological leadership and reinforces that Acentra Health is uniquely positioned to bring deep cloud expertise and industry-specific knowledge to state and federal agencies looking to streamline their operations and service delivery." i (https://www.nascio.org/press-releases/nascio-and-accent ...

NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Carlyle Credit Income Fund ("we," "us," "our," "CCIF" or the "Fund") (NYSE: CCIF) announced today that it will release financial results after market close on Wednesday August 21, 2024, for its third quarter of 2024. CCIF will host a conference call at 10:00 a.m. EDT on Thursday, August 22, 2024, to discuss the results. About Carlyle Credit Income Fund About Carlyle The conference call will be available via public webcast via a link on Carlyle Credit Income Fund's ...