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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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

Carlyle Secured Lending has outperformed the S&P 500 due to its high dividend yield and consistent level of high distributions received. CGBD's portfolio of debt investments is highly diversified and focused on first lien debt, providing a layer of security. The company's financials show strong growth in net investment income and net asset value, with a healthy dividend coverage of 135%.

Carlyle Secured Lending: High Quality BDC But Trades At A Premium

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Does Carlyle Secured Lending, Inc. (CGBD) have what it takes to be a top stock pick for momentum investors? Let's find out.

Carlyle Secured Lending, Inc. (CGBD) Is Up 0.53% in One Week: What You Should Know

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Carlyle Secured Lending, Inc. (CGBD) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.50 per share a year ago.

Carlyle Secured Lending, Inc. (CGBD) Q1 Earnings and Revenues Surpass Estimates

NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CSL” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its first quarter ended March 31, 2024.

Carlyle Secured Lending, Inc. Announces Financial Results For First Quarter Ended 2024, Declares Second Quarter 2024 Dividends of $0.47 Per Common Share

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Carlyle Secured Lending (CGBD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Carlyle Secured Lending, Inc. (CGBD) Earnings Expected to Grow: Should You Buy?

Are You Looking for a Top Momentum Pick? Why Carlyle Secured Lending, Inc. (CGBD) is a Great Choice

Carlyle Secured Lending (CGBD) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Carlyle Secured Lending (CGBD) a New Buy Stock

Carlyle Secured Lending is a BDC providing funding to US middle market companies with a focus on first-lien debt. CGBD reported a 5.5% increase in net investment income in 2023, with a strong asset quality. The 2028 debt securities offer a yield to call of approximately 7.1-7.2% and a yield to maturity of approximately 7.75-7.8%.

Carlyle Secured Lending's 2028 Baby Bonds: An Interesting 7.1-7.8% Yield

Carlyle Secured Lending has shown strong performance, outperforming the BDC index with a YTD total return of 12.8%. Q4 2023 earnings were robust, with net investment income per share increasing by 8% and base dividend coverage surging to 140%. The company expects stability in earnings for the rest of 2024 that is supported by strong and improving credit performance of its existing portfolio.

Carlyle Secured Lending: Improving Fundamentals Warrant A Buy (Rating Upgrade)

NEW YORK, April 11, 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, May 8, 2024 to announce its first quarter ended March 31, 2024 financial results. A news release containing the quarterly results will be issued after market close on Tuesday, May 7, 2024.

Carlyle Secured Lending, Inc. Schedules Earnings Release and Quarterly Earnings Call to Discuss its First Quarter Ended March 31, 2024 Financial Results

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We take a look at the BDC sector through the second week of March. BDC returns were marginally positive, with some companies significantly dragging down the average weekly return. Q4 saw a significant rise in performance divergence across the sector - an indication of a heightened level of stress by borrowers.

BDC Weekly Review: Portfolio Performance Is Diverging

Carlyle Secured Lending has re-rated to net asset value, limiting potential for further valuation upside. The business development company reported solid Q4 results, out-earning its dividend and raising it by 8%. With positive developments already reflected in the stock price, the appreciation potential is limited, leading to a Hold rating.

Carlyle Secured Lending: Full Re-Rating Makes This 10% Yielder A Hold (Downgrade)

NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“CSL”) (NASDAQ: CGBD) today announced that Justin Plouffe has been named President, Chief Executive Officer (CEO), and member of the Board of Directors, effective immediately. This appointment follows the resignation of Aren LeeKong from the Company to pursue other opportunities professionally.

Carlyle Secured Lending, Inc. Names Justin Plouffe CEO and Member of the Board of Directors

Carlyle Secured Lending Inc. (CGBD) Q4 2023 Earnings Call Transcript

NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CSL” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its fourth quarter and full year ended December 31, 2023.

Carlyle Secured Lending, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results, Increases Base Dividend to $0.40 Per Common Share and Declares First Quarter 2024 Dividends of $0.48 Per Common Share

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.

Carlyle Secured Lending, Inc. Schedules Fourth Quarter and Full Year 2023 Financial Results and Investor Conference Call

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.

Carlyle Secured Lending, Inc. Schedules Fourth Quarter and Full Year 2023 Financial Results and Investor Conference Call

News for TCG BDC ETF (CGBD)