Carlyle Secured Lending, Inc. Announces Financial Results For Third Quarter Ended 2024, Declares Fourth Quarter 2024 Dividends of {{royaItemName}}.45 Per Common Share

Carlyle Secured Lending, Inc. (CGBD), a specialty finance company focused on lending to middle-market companies, has announced its financial results for the third quarter of 2024. The company's Chief Executive Officer, Justin Plouffe, highlighted the consistent performance and strong origination activity, leveraging the broader Carlyle Global Credit Platform to supplement its core cash flow strategy.

Resilient, Stable Cash Flows and Principal Protection for Investors

Solid Q3 2024 Results

Carlyle Secured Lending reported net investment income of {{royaItemContent}}.47 per common share for the third quarter of 2024, with Adjusted Net Investment Income Per Share of {{royaItemContent}}.49 after adjusting for the acceleration of debt issuance costs related to the 2015-1R CLO Reset. The company's net asset value per common share decreased by 0.6% during the quarter, from .95 as of June 30, 2024, to .85 as of September 30, 2024. The total fair value of CGBD's investments stood at .7 billion as of the end of the quarter.

Dividends Declared

The Board of Directors of Carlyle Secured Lending has declared a base quarterly common dividend of {{royaItemContent}}.40 per share, along with a supplemental common dividend of {{royaItemContent}}.05 per share, payable on January 17, 2025, to common stockholders of record on December 31, 2024. Additionally, the company has declared a cash dividend on the Preferred Stock for the period from July 1, 2024, to September 30, 2024, in the amount of {{royaItemContent}}.438 per Preferred Share, payable to the holder of record on September 30, 2024.

Conference Call and Non-GAAP Measures

Carlyle Secured Lending will host a conference call on November 6, 2024, to discuss the quarterly financial results. The company is also disclosing Adjusted Net Investment Income Per Share, a non-GAAP financial measure, to provide investors with additional insight into the company's performance, excluding the impact of one-time or non-recurring events.

Leveraging Carlyle's Global Credit Platform

Carlyle Secured Lending's Chief Executive Officer, Justin Plouffe, highlighted the company's ability to capitalize on increased new deal activity and the strength of its existing portfolio companies. By leveraging the broader Carlyle Global Credit Platform, CGBD was able to supplement its core cash flow strategy with differentiated deal flow and specialty lending capabilities, demonstrating its disciplined investment and portfolio management approach.

Commitment to Investors

Plouffe emphasized Carlyle Secured Lending's commitment to executing on its strategy of providing investors with resilient, stable cash flows and principal protection. The company's focus on disciplined investment and portfolio management, combined with its access to Carlyle's global resources, positions it to continue delivering consistent performance and value for its investors.