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 ...

Financial Data and Key Metrics Changes - Total investment income for Q3 2023 was $61 million, a modest increase from the prior quarter, with core net investment income (NII) at $0.52 per share, reflecting an 18% increase year-over-year and an annualized return on equity of 12.4% [10][29] - Total expenses rose to $34 million, primarily due to higher interest expenses from rising base rates [1] - Net asset value (NAV) increased to $16.86 per share, up $0.13 or approximately 1% from the previous quarter, driven by Q3 earnings exceeding dividends and positive valuation movements [25][36] Business Line Data and Key Metrics Changes - The portfolio remains diversified with 171 investments across 124 companies in over 25 industries, with 94% of investments in senior secured loans [28] - The weighted average spread of new investments has outpaced the spread on repayments for five consecutive quarters, indicating favorable terms for lenders [26] Market Data and Key Metrics Changes - Private credit continues to gain market share from the BSL market, with refinancing transactions driving most activity during the quarter [11] - Average leverage in loan-to-value (LTV) ratios on new originations decreased by approximately one turn and 5% year-to-date [12] Company Strategy and Development Direction - The company is focused on sourcing differentiated lending opportunities through the One Carlyle platform, complementing traditional sponsor pipelines with Carlyle-generated and nonsponsored transactions [5][27] - The investment strategy emphasizes secured, floating-rate investments in U.S. companies backed by high-quality sponsors, primarily in the mid-market [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining consistent dividend payouts despite rising rates, with a base dividend coverage of over 140% [2][35] - The overall credit quality of the portfolio remains stable, with no new nonaccruals reported this quarter [31] - The company anticipates stability in earnings at the $0.50 plus level based on current interest rate curves and attractive new deal economics [30] Other Important Information - The Board of Directors declared a total fourth-quarter dividend of $0.44 per share, consisting of a $0.37 base dividend and a $0.07 supplemental dividend, consistent with the prior quarter [16][25] - Total aggregate realized and unrealized net gain for the quarter was approximately $3 million, supported by tightening market spreads and improved valuations in healthcare investments [17] Q&A Session Summary Question: What is the outlook for future earnings? - Management sees stability in earnings at the $0.50 plus level based on the current forward interest rate curve and attractive economics on new deals [30] Question: How is the company managing its portfolio in the current environment? - The company continues to see overall stability in credit quality, with no new nonaccruals and a rigorous approach to underwriting and risk management [31][33]

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 ...

Carlyle Secured Lending Inc. (NASDAQ:CGBD) Q1 2023 Earnings Conference Call May 10, 2023 10:00 AM ET Company Participants Daniel Hahn - Managing Director, The Carlyle Group Aren LeeKong - Chief Executive Officer Thomas Hennigan - Chief Financial Officer and Chief Risk Officer Conference Call Participants Operator Good day, and thank you for standing by. Welcome to the Carlyle Secured Lending First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker’s prese ...

On November 3, 2020, we and Cliffwater Corporate Lending Fund ("CCLF") entered into a limited liability company agreement to comanage Credit Fund II, a Delaware limited liability company that is not consolidated in our consolidated financial statements. Credit Fund II is managed by a four-member board, on which we and CCLF have equal representation. We and CCLF have 84.13% and 15.87% economic ownership of Credit Fund II, respectively. By virtue of our respective membership interests, we and CCLF each indire ...

Carlyle Secured Lending Inc. (NASDAQ:CGBD) Q4 2022 Results Conference Call February 28, 2023 10:00 AM ET Company Participants Daniel Hahn - IR Linda Pace - Chairperson Tom Hennigan - CFO Aren LeeKong - CEO Conference Call Participants Aaron Cyganovich - Citi Operator Good day, and thank you for standing by. Welcome to Carlyle Secured Lending's Fourth Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. After this speaker presentation there will be a question and answer sessi ...