Carlyle Secured Lending Prices Public Offering Of $300M 6.750% Unsecured Notes Due 2030
Portfolio Pulse from Benzinga Newsdesk
Carlyle Secured Lending, Inc. (NASDAQ:CGBD) has announced a $300 million public offering of 6.750% unsecured notes due 2030. The proceeds will be used to repay existing debt and fund new investments. The offering is expected to close on October 18, 2024.
October 10, 2024 | 8:16 pm
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Carlyle Secured Lending is issuing $300M in 6.750% unsecured notes due 2030 to repay existing debt and fund new investments. This move could improve the company's financial flexibility and reduce interest expenses.
The issuance of new notes allows Carlyle Secured Lending to manage its debt more effectively by repaying higher interest obligations and potentially reducing overall interest expenses. This can enhance financial flexibility and support future investment opportunities, which is positive for the company's short-term outlook.
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