Carlyle Secured Lending to Acquire CSL III, Expanding Assets to Over $2.5B
Portfolio Pulse from Benzinga Newsdesk
Carlyle Secured Lending, Inc. (NASDAQ:CGBD) has entered into a definitive agreement to acquire Carlyle Secured Lending III (CSL III) in a stock-for-stock transaction. This acquisition will expand CGBD's total assets to over $2.5 billion and net assets to over $1.2 billion.
August 05, 2024 | 10:08 am
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Carlyle Secured Lending, Inc. (CGBD) is acquiring Carlyle Secured Lending III, which will expand its total assets to over $2.5 billion and net assets to over $1.2 billion. The stock-for-stock transaction could benefit CGBD if it trades above NAV before the merger closes.
The acquisition of CSL III will significantly increase CGBD's asset base, which is generally positive for the company's growth prospects. The floating exchange ratio provides an additional potential benefit if CGBD trades above NAV before the merger closes.
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