TCG BDC

TCG BDC Inc a traded fund, invests in the US middle market companies with an EBITDA of $10 to $100 million. It targets companies operating across a broad range of sectors. The fund invests primarily in first lien senior secured and second lien senior secured loans. It also considers mezzanine loans and equity co-investments.

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TCG BDC (CGBD) reports stable Q2 earnings, anticipates merger benefits

TCG BDC (CGBD) reported solid financial performance in Q2 2024, with a focus on maintaining shareholder value through the proposed merger with CSL III. While facing challenges related to asset depreciation, the company aims to capitalize on opportunities for cost savings and NAV accretion through the merger.

TCG BDC (CGBD) reports robust Q3 performance and eyes merger benefits

TCG BDC (CGBD) delivered a strong Q3 performance with a focus on credit quality and diversification across industries.
The upcoming merger with Carlyle Secured Lending III is expected to drive scale, liquidity, and cost efficiencies for enhanced earnings.
Analysts' inquiries highlighted areas of investor interest and potential challenges that management will need to address going forward.

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NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Carlyle Secured Lending, Inc. (NASDAQ: CGBD ), relating to a proposed merger between CGBD and Carlyle Secured Lending III. Under the terms of the agreement, shareholders of CSL III will receive newly issued shares of CGBD common stock based on an exchange ratio, calculated pursuant to a formula set forth in the merger agreement.

STOCKHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Carlyle Secured Lending, Inc. – CGBD

Carlyle Secured Lending Inc. (NASDAQ:CGBD ) Q3 2024 Earnings Conference Call November 6, 2024 11:00 AM ET Company Participants Nishil Mehta - Head of Shareholder Relations Justin Plouffe - Chief Executive Officer Thomas Hennigan - Chief Financial Officer Conference Call Participants Bryce Rowe - B. Riley Melissa Wedel - JPMorgan Operator Good day and thank you for standing by and welcome to the Carlyle Secured Lending Inc. Third Quarter 2024 Earnings Conference Call.

Carlyle Secured Lending Inc. (CGBD) Q3 2024 Earnings Call Transcript

Carlyle Secured Lending, Inc. (CGBD) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.52 per share a year ago.

Carlyle Secured Lending, Inc. (CGBD) Q3 Earnings Beat Estimates

BlackRock Science and Technology Trust II

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24/7 Wall Street Insights Dividend stocks offer some of the most flexible options to suit investors of all types who seek passive income.

These 10 Dividend Stocks are Generating $6,000 in Annual Dividend Income

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 11:00 a.m. EST on Wednesday, November 6, 2024 to announce its financial results for the third quarter ended September 30, 2024. A news release containing the quarterly results will be issued on Tuesday, November 5, 2024.

Carlyle Secured Lending, Inc. Schedules Earnings Release and Quarterly Earnings Call to Discuss its Financial Results for the Third Quarter Ended September 30, 2024

Carlyle Secured Lending's merger with CSL III promises higher net investment income, improved liquidity, and better diversification, appealing to passive income investors. The stock trades at a 1% premium to NAV, with potential for re-rating if merger synergies are realized. Despite a 100% floating-rate portfolio, Carlyle Secured Lending's dividend coverage remains strong, with both base and special dividends well-covered.

Carlyle Secured Lending: 11% Yield And Merger-Driven Growth (Upgrade)

NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (Nasdaq: CGBD) (the "Company") today announced that it has priced an underwritten public offering of $300 million in aggregate principal amount of 6.750% unsecured notes due 2030 (the "Notes"). The Notes will mature on February 18, 2030 and may be redeemed in whole or in part at the Company's option at the applicable redemption price. The offering is expected to close on October 18, 2024, subject to customary closing conditions.

Carlyle Secured Lending, Inc. Prices Public Offering of $300 Million 6.750% Unsecured Notes Due 2030

Carlyle Secured Lending focuses on high-EBITDA middle market companies and offers a well-covered dividend of $0.47/share, with a robust Q2 performance. CGBD's net investment income of $0.51/share covers the $0.40/share dividend, despite unrealized losses, which could be recouped as interest rates decline. The merger with Carlyle Secured Lending III will increase assets to $2.5B, offering cost savings and reduced dilution through preferred stock conversion at NAV.

Carlyle Secured Lending: Baby Bonds Offer 5.9% YTC For 15 Months

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It is very likely that for most BDCs, the earnings have peaked and the direction of travel is unfavorable. There are both structural and transitory headwinds that put a pressure on earnings, rendering the dividend coverage levels potentially unsustainable. In this article, I share three pillars that have to be in place in BDC dividend investor portfolio to mitigate the risk of experiencing a cut in their income streams.

3 Pillars To Minimize BDC Dividend Cut Risk In Your Portfolio

Carlyle Secured Lending is a promising BDC, benefiting from a merger with Carlyle Secured Lending III, enhancing their liquidity and scale. Despite a miss on their top & bottom lines, dividend coverage was strong and improved leverage, positioning CGBD well for future growth. They currently trade at a slight discount to NAV with the recent pullback of 8%, making CGBD a buy currently.

Carlyle Secured Lending: Recent Pullback, Merger And Discount To NAV Makes Them A Buy (Rating Upgrade)

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The recent BDC market dynamics indicate that quality will play an important role over the foreseeable future. Looking at the recent quarterly earnings data that have been published by many BDCs, we can see a clear divergence between high quality and aggressive BDCs. In this article, I elaborate on two BDCs that have become more attractive for investors, who prioritize defensive and predictable yield.

2 BDCs That Improved And 2 That Got Worse After Q2 Earnings

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24/7 Wall Street Insights The current high interest environment has fueled the growth of the private credit market from $875 billion to over $1 trillion in a short time, with a projected $2.8 trillion market by 2027-28.

Need $15,000 Extra Income? These Dividend Stocks May Be the Ticket

Blue Owl Capital Corp III

Triplepoint Venture Growth BDC

We take a look at the action in business development companies through the second week of August and highlight some of the key themes we are watching. BDCs underperformed with a total return of -2% due to poor quarterly results or dividend cuts. TriplePoint Venture Growth highlights the disconnect between dividend yield and total NAV return.

BDC Weekly Review: Yield Myopia Ignores The Right Metrics

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Carlyle Secured Lending, Inc. (the “Company”) (NasdaqGS: CGBD) and Carlyle Secured Lending III (“CSL III”). Under the terms of the proposed transaction, CSL III shareholders will receive shares of CGBD based on a ratio determined shortly before the closing of the merger. KSF is seeking to determine whether t.

CARLYLE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Carlyle Secured Lending, Inc. - CGBD

Carlyle Secured Lending's (CGBD) merger with CSL III is projected to offer significant value and advantages to investors in the short term and over the long run.

Carlyle Secured Lending (CGBD) Enters Merger Deal With CSL III

Carlyle Secured Lending has outperformed the BDC market by 12% on a YTD basis. The Q2 earnings report shows solid performance, high dividend coverage, and potential for portfolio growth despite a slight uptick in non-accruals and currently negative net investment volumes. The announced merger with Carlyle Secured Lending III is set to inject multiple synergic benefits, strengthening the financial prospects of CGBD even further.

Carlyle Secured Lending: Strong Quarter With Stronger Future

Carlyle Secured Lending Inc. (NASDAQ:CGBD ) Q2 2024 Earnings Conference Call August 5, 2024 10:00 AM ET Company Participants Nishil Mehta - Head of Shareholder Relations Justin Plouffe - Chief Executive Officer Thomas Hennigan - Chief Financial Officer Conference Call Participants Finian O'Shea - WFS Melissa Wedel - JP Morgan Operator Good day and thank you for standing by and welcome to the Carlyle Secured Lending Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Carlyle Secured Lending Inc. (CGBD) Q2 2024 Earnings Call Transcript

Carlyle Secured Lending (CGBD) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -6.06% in 4 Weeks, Here's Why Carlyle Secured Lending (CGBD) Looks Ripe for a Turnaround

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Carlyle Secured Lending, Inc. (NASDAQ: CGBD) and Carlyle Secured Lending III (“CSL III”) is fair to CGBD shareholders. Under the terms of the proposed transaction, CSL III shareholders will receive shares of CGBD based on a ratio determined shortly before the closing of the merger. Halper Sadeh encourages CGBD shareholders to click here to learn more about their legal rights and opti.

CGBD Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Carlyle Secured Lending, Inc. Is Fair to Shareholders

Carlyle Secured Lending, Inc. (CGBD) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.52 per share a year ago.

Carlyle Secured Lending, Inc. (CGBD) Q2 Earnings Beat Estimates

NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CGBD” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its second quarter ended June 30, 2024.

Carlyle Secured Lending, Inc. Announces Financial Results For Second Quarter Ended 2024, Declares Third Quarter 2024 Dividends of $0.47 Per Common Share and Announces Merger Agreement with Carlyle Secured Lending III

Provides meaningful scale and diversity to CGBD through addition of a Carlyle-managed portfolio Carlyle to exchange CGBD convertible preferred stock for CGBD common stock at NAV, eliminating current 5% – 8% preferred stock dilution overhang Advisors agreed to cover transaction costs in certain circumstances up to a total cap of $5 million NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CGBD” or the “Company”) (NASDAQ: CGBD), a business development company focused on directly-originated lending to sponsor-backed U.S. middle market companies, has entered into a definitive agreement to acquire Carlyle Secured Lending III (“CSL III”), a private business development company with a similar investment strategy and portfolio. The stock-for-stock transaction will have a floating exchange ratio that has the potential to allow CGBD and CSL III to share the benefits if CGBD is trading above NAV shortly before merger close.

Carlyle Secured Lending, Inc. Announces Merger with Carlyle Secured Lending III

NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 10:00 a.m. EST on Monday, August 5, 2024 to announce its financial results for the second quarter ended June 30, 2024. A news release containing the quarterly results will be issued on Monday, August 5, 2024.

Carlyle Secured Lending, Inc. Schedules Earnings Release and Quarterly Earnings Call to Discuss its Financial Results for the Second Quarter Ended June 30, 2024

Carlyle Secured Lending has shown a solid performance and growth in high interest rate environment. CGBD's latest earnings beat expectations with solid net investment income and total investment income. Their strong performance has led to a premium slightly below their high premium of 5.39%. Strong dividend coverage, solid NAV growth, and healthy balance sheet position Carlyle Secured Lending as a great BDC for income-focused investors.

Carlyle Secured Lending: Strong Fundamentals Make This BDC A Perfect Portfolio Addition On A Pullback

We catch up on the Q1 results of Carlyle Secured Lending. CGBD stock delivered a solid 3.4% total NAV return in Q1, outperforming the sector once again. Non-accruals fell to a very low 0.2% as one position was recapitalized.

Carlyle Secured Lending: Consistently Strong Performance Drives Valuation Rerating

News for TCG BDC ETF (CGBD)