Carlyle Secured Lending plans to redeem $85 million in 2028 Notes on December 1, 2025, at 100% principal value.
Quiver AI Summary
Carlyle Secured Lending, Inc. announced its plan to redeem all $85 million of its outstanding 8.20% Notes due 2028 on December 1, 2025. A notice of redemption will be sent to all registered holders, with the redemption price reflecting 100% of the principal plus accrued interest up to the redemption date. Following this redemption, the 2028 Notes will be delisted from the Nasdaq Global Select Market. Carlyle Secured Lending operates as a business development company focused on providing senior secured debt investments to middle-market U.S. companies. The press release also contains forward-looking statements concerning the redemption process, highlighting that actual outcomes may differ due to various uncertainties.
Potential Positives
- The Company is redeeming $85,000,000 of its outstanding 8.20% Notes due 2028, indicating a positive financial maneuver to reduce debt obligations.
- The redemption of the 2028 Notes may enhance the Company’s financial stability and improve cash flow by eliminating interest payments on the redeemed debt.
- The delisting of the 2028 Notes from the Nasdaq Global Select Market could streamline the Company's capital structure, making it more attractive to investors.
- This move aligns with Carlyle Secured Lending's objective to optimize its investment strategies and may signal confidence in its future financial performance.
Potential Negatives
- Redeeming the 2028 Notes and delisting them from Nasdaq may signal financial distress or reallocation of resources, potentially causing concern among investors.
- The redemption announcement could lead to reduced investor confidence if perceived as a precautionary measure due to market conditions.
- The reliance on forward-looking statements could raise skepticism among stakeholders if the company fails to meet the expectations outlined in the release.
FAQ
What is the redemption date for Carlyle's 2028 Notes?
The redemption date for Carlyle Secured Lending's 2028 Notes is December 1, 2025.
How much will Carlyle redeem from the 2028 Notes?
Carlyle intends to redeem all $85,000,000 of its outstanding 2028 Notes.
Who will manage the redemption process for the 2028 Notes?
The redemption notice will be managed by U.S. Bank Trust Company, the trustee.
What will happen to the 2028 Notes after redemption?
After redemption, the 2028 Notes will be delisted from the Nasdaq Global Select Market.
Is this announcement a notice of redemption?
No, this communication does not constitute a formal notice of redemption.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CGBD Insider Trading Activity
$CGBD insiders have traded $CGBD stock on the open market 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $CGBD stock by insiders over the last 6 months:
- JOHN G. NESTOR sold 13,238 shares for an estimated $178,580
- THOMAS M HENNIGAN (CFO) purchased 7,285 shares for an estimated $100,168
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CGBD Hedge Fund Activity
We have seen 95 institutional investors add shares of $CGBD stock to their portfolio, and 46 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRIME CAPITAL INVESTMENT ADVISORS, LLC added 2,204,508 shares (+inf%) to their portfolio in Q2 2025, for an estimated $30,157,669
- CHOREO, LLC added 1,458,028 shares (+inf%) to their portfolio in Q2 2025, for an estimated $19,945,823
- VAN ECK ASSOCIATES CORP added 582,133 shares (+48.4%) to their portfolio in Q2 2025, for an estimated $7,963,579
- CLIFFWATER LLC added 548,617 shares (+inf%) to their portfolio in Q2 2025, for an estimated $7,505,080
- MARINER, LLC added 543,376 shares (+inf%) to their portfolio in Q2 2025, for an estimated $7,433,383
- NORTH GROUND CAPITAL added 476,134 shares (+inf%) to their portfolio in Q3 2025, for an estimated $5,951,675
- KINGSTONE CAPITAL PARTNERS TEXAS, LLC removed 410,472 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $5,130,900
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$CGBD Analyst Ratings
Wall Street analysts have issued reports on $CGBD in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Wells Fargo issued a "Overweight" rating on 07/25/2025
To track analyst ratings and price targets for $CGBD, check out Quiver Quantitative's $CGBD forecast page.
$CGBD Price Targets
Multiple analysts have issued price targets for $CGBD recently. We have seen 4 analysts offer price targets for $CGBD in the last 6 months, with a median target of $14.75.
Here are some recent targets:
- Melissa Wedel from JP Morgan set a target price of $12.5 on 10/01/2025
- Bryce Rowe from B. Riley Securities set a target price of $14.5 on 08/11/2025
- Finian O'Shea from Wells Fargo set a target price of $15.0 on 07/25/2025
- Mitchel Penn from Oppenheimer set a target price of $15.0 on 05/08/2025
Full Release
NEW YORK, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (the "Company") (Nasdaq: CGBD) today announced that it intend s to redeem all $85,000,000 aggregate principal amount of its outstanding 8.20% Notes due 2028 (the "2028 Notes") on December 1, 2025 (the "Redemption Date"). A notice of redemption will be mailed to all registered holders of the 2028 Notes by U.S. Bank Trust Company, National Association, as successor trustee to The Bank of New York Mellon Trust Company, N.A (the "Trustee"), in accordance with the terms of the Indenture, dated as of November 20, 2023 (the “Base Indenture”), between the Company and the Trustee, and the First Supplemental Indenture, dated as of November 20, 2023 (together with the Base Indenture, the "Indenture"). The redemption price for the 2028 Notes will equal 100% of the principal amount of the 2028 Notes being redeemed, plus accrued and unpaid interest otherwise payable for the then-current quarterly interest period accrued to, but excluding, the Redemption Date. In connection with the redemption, the 2028 Notes will be delisted from the Nasdaq Global Select Market (Nasdaq: CGBDL).
This communication does not constitute a notice of redemption under the terms of the Indenture, nor an offer to tender for, or purchase, any 2028 Notes or any other security.
About Carlyle Secured Lending : Carlyle Secured Lending, Inc. is a closed-end, non-diversified and externally managed investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Our objective is to generate current income and capital appreciation by sourcing and providing senior secured debt investments to U.S. companies in the middle market that are generally backed by private equity sponsors. The Company is managed by Carlyle Global Credit Investment Management L.L.C., an SEC-registered investment adviser and a wholly owned subsidiary of Carlyle. We derive significant benefit from our ability access and leverage Carlyle's significant scale, vast resources and world-class talent.
About Carlyle: Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $474 billion of assets under management as of September 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,400 people in 27 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.
Forward-Looking Statements
Statements included herein contain certain “forward-looking statements” within the meaning of the federal securities laws, including statements with regard to the Company’s redemption of the 2028 Notes. You can identify these statements by the use of forward-looking terminology such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may,” “plans,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions to identify forward-looking statements, although not all forward-looking statements include these words. You should not place undue reliance on these forward-looking statements, which speak only as of the date on which we make it. Completion of the transaction on the terms described above is subject to numerous conditions, many of which are beyond the control of the Company, and such transaction may not be completed on the terms described, or at all. Factors or events that could cause our actual results to differ, possibly materially from our expectations, include, but are not limited to, the risks, uncertainties and other factors we identify in the sections entitled “Risk Factors,” “Supplementary Risk Factors” and “Special Note Regarding Forward-Looking Statements” in filings we make with the SEC, and it is not possible for us to predict or identify all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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