Carlyle Secured Lending Reports Consistent Q3 Performance

Tcg Bdc ( (CGBD) ) has released its Q3 earnings. Here is a breakdown of the information Tcg Bdc presented to its investors.

Carlyle Secured Lending, Inc. (CGBD) is a specialty finance company focused on providing debt investments to middle-market companies in the United States, managed by Carlyle Global Credit Investment Management L.L.C., a subsidiary of The Carlyle Group Inc. In its third-quarter earnings report for 2024, CGBD announced stable financial performance characterized by consistent net investment income and new deal activity. The company reported net investment income of $0.47 per share and an adjusted net investment income of $0.49 per share, reflecting positive financial health despite a slight decrease in net asset value per share to $16.85. The total fair value of their investments stood at $1.7 billion as of the end of the quarter. Additionally, CGBD declared a fourth-quarter dividend of $0.45 per common share, combining both base and supplemental dividends. The consistent performance is attributed to leveraging the Carlyle Global Credit Platform, focusing on cash flow strategy, and maintaining disciplined investment management. Looking forward, Carlyle Secured Lending remains committed to delivering resilient and stable cash flows to its investors while ensuring principal protection, signaling a sustained confidence in its strategic direction.