Financial Data and Key Metrics Changes - The company generated net investment income of $0.56 per share in Q4 2023, an increase of 8% from the prior quarter, representing an annual yield of 13% based on the NAV as of December 31 [36][59] - The net asset value increased from $16.86 to $16.99 per share, a rise of approximately 1% due to Q4 earnings exceeding the dividend [22][37] - Total investment income for Q4 was $63 million, up about $2 million from the prior quarter, driven by higher base rates and increased other income [57] Business Line Data and Key Metrics Changes - The company maintained a conservative leverage position, with statutory leverage at about 1.2x and net financial leverage at approximately one turn, the lowest since early 2022 [64] - The portfolio remains diversified with 173 investments in 128 companies across over 25 industries, with a median EBITDA of $76 million [55] Market Data and Key Metrics Changes - The market environment in 2023 was characterized by volatility, slow private equity capital formation, and muted M&A activity, although there was a pickup in M&A activity in Q4 [62] - The company noted that market demand for private credit remains high, focusing on transactions with significant equity cushions and attractive spreads [66] Company Strategy and Development Direction - The company is primarily focused on making senior secured floating rate investments in U.S. mid-market companies backed by high-quality sponsors [27] - The investment strategy emphasizes creating a clean portfolio that generates predictable cash flows, with a disciplined approach to risk management [9][66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to maintain and exceed the new $0.40 base dividend, with a commitment to paying out at least 50% of excess earnings through supplemental dividends [21][60] - The company anticipates stability in earnings for 2024, with a conservative approach to leverage and a focus on maintaining a non-volatile cash flow stream [20][36] Other Important Information - The company reported no new non-accruals and no additions to the watch list, indicating stability in credit quality [23] - The total fair value of the portfolio is expected to remain largely unchanged, with a positive impact on quarterly results due to changes in the capital structure of certain investments [39] Q&A Session Summary Question: What does the potential pickup in activity look like relative to the leverage profile? - Management indicated that the focus is on improving the current portfolio rather than simply increasing the number of deals, with a stable transaction environment observed in Q1 [31][34] Question: Can you elaborate on the Dermatology Associates investment? - Management confirmed that the investment has stabilized, with no immediate plans for significant new capital infusion, focusing instead on prudent management and timing for exit [46][95] Question: What are the competitive dynamics as activity increases? - Management noted that while spreads have tightened, the mid-market remains attractive due to better documentation and covenant structures compared to the upper market [76][78]

We operate in a highly competitive market for investment opportunities, and compete with investment vehicles sponsored or advised by our af iliates. substantially in size. Additional funds with similar objectives may be formed in the future by Carlyle or by other unrelated parties. Many of our competitors are substantially larger and have considerably greater financial, technical and marketing resources than we do. Consequently, it is possible that competition for appropriate investment opportunities may in ...

[Form 8-K Report](index=1&type=section&id=Form%208-K) [Item 2.02 – Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20%E2%80%93%20Results%20of%20Operations%20and%20Financial%20Condition) Carlyle Secured Lending, Inc. announced its Q4 and FY2023 financial results on February 26, 2024, via press release and earnings presentation - The company announced its fourth quarter and full year 2023 financial results through a press release and an earnings presentation[16](index=16&type=chunk) [Item 7.01 – Regulation FD Disclosure](index=2&type=section&id=Item%207.01%20%E2%80%93%20Regulation%20FD%20Disclosure) The company disclosed its Q4 and FY2023 financial results and declared a Q1 2024 dividend on February 26, 2024, under Regulation FD First Quarter 2024 Dividend Declaration | Dividend Component | Amount per Share ($) | | :--- | :--- | | Base Dividend | 0.40 | | Supplemental Dividend | 0.08 | | **Total Dividend** | **0.48** | - The first quarter 2024 dividend is payable on **April 17, 2024**, to stockholders of record as of **March 29, 2024**[2](index=2&type=chunk) [Item 9.01 – Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20%E2%80%93%20Financial%20Statements%20and%20Exhibits) This section lists the Form 8-K exhibits, including the earnings press release and presentation for the period ending December 31, 2023 Form 8-K Exhibits | Exhibit Number | Description | | :--- | :--- | | 99.1 | Earnings press release of Carlyle Secured Lending, Inc., dated February 26, 2024 | | 99.2 | Earnings presentation of Carlyle Secured Lending, Inc., dated February 26, 2024 |

NEW YORK, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 11:00 a.m. EST on Tuesday, February 27, 2024 to announce its fourth quarter and full year 2023 financial results, updated from 10:00 a.m. EST as part of the prior announcement. A news release containing the quarterly results will be issued after market close on Monday, February 26, 2024. The conference call will be available via public webcast via a link on Carl ...

NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 10:00 a.m. EST on Tuesday, February 27, 2024 to announce its fourth quarter and full year 2023 financial results. A news release containing the quarterly results will be issued after market close on Monday, February 26, 2024. The conference call will be available via public webcast via a link on Carlyle Secured Lending’s website at carlylesecuredlending.com and ...

Carlyle Secured Lending Inc. (NASDAQ:CGBD) Q3 2023 Earnings Conference Call November 8, 2023 10:00 AM ET Company Participants Daniel Hahn - Shareholder Relations Aren LeeKong - Chief Executive Officer Tom Hennigan - Chief Financial Officer Conference Call Participants Operator Hello and welcome to the Carlyle Secured Lending Inc. Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. ...

Combined Investment Funds Portfolio • As of September 30, 2023, three borrowers were on non-accrual status, representing 2.0% of total investments at fair value and 3.2% at amortized cost. | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------|-------|----------------------------|-------------------|-------|---------------------------------|-------------------| | (Dollar amounts in millions) \n Internal Risk Rating | | June 30, 2023 \nFair Value | \n% of Fair V ...

CARLYLE SECURED LENDING, INC. CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (dollar amounts in thousands, except per share data) Commitments and contingencies (Notes 8 and 11) September 30, 2023 December 31, 2022 ASSETS (unaudited) Investments, at fair value Investments—non-controlled/non-affiliated, at fair value (amortized cost of $1,609,840 and $1,734,252, respectively) $ 1,556,390 $ 1,671,488 Investments—non-controlled/affiliated, at fair value (amortized cost of $45,947 and $44,626, respectively) 5 ...

Carlyle Secured Lending Inc. (NASDAQ:CGBD) Q2 2023 Results Conference Call August 9, 2023 10:00 AM ET Company Participants Daniel Hahn - IR Aren LeeKong - Chief Executive Officer Tom Hennigan - Chief Financial Officer Conference Call Participants Bryce Rowe - B. Riley Arren Cyganovich - Citi Operator Good day, everyone, and thank you for standing by. Welcome to the Carlyle Secured Lending, Inc. Second Quarter 2023 Earnings Call [Operator Instructions]. Please be advised that today's conference is being reco ...

Together with Credit Partners, the Company co-invests through Credit Fund. Investment opportunities for Credit Fund are sourced primarily by the Company and its affiliates. Portfolio and investment decisions with respect to Credit Fund must be unanimously approved by a quorum of Credit Fund's investment committee consisting of an equal number of representatives of the Company and Credit Partners. Therefore, although the Company owns more than 25% of the voting securities of Credit Fund, the Company does not ...