Carlyle Secured Lending prices $300 million notes offering at 5.750%

NEW YORK - Carlyle Secured Lending, Inc. (NASDAQ:CGBD) has priced a $300 million public offering of 5.750% unsecured notes due February 15, 2031, the business development company announced Tuesday. The offering comes as its parent company, The Carlyle Group (NASDAQ:CG), maintains a strong market position with a $22.65 billion market capitalization and impressive 31% year-to-date returns.

The offering is expected to close on October 7, 2025, subject to customary closing conditions. The notes may be redeemed in whole or in part at the company’s option at the applicable redemption price.

Carlyle Secured Lending plans to use the net proceeds to repay outstanding debt, including its revolving credit facility, fund new investment opportunities, and for other general corporate purposes, which may include opportunistic repurchases of outstanding debt. According to InvestingPro data, Carlyle Group maintains a healthy financial position with a "GOOD" overall health score and robust current ratio of 1.72.

J.P. Morgan Securities, Barclays Capital, BofA Securities, Citigroup Global Markets, Deutsche Bank Securities, and Morgan Stanley are acting as joint book-running managers for the offering, with several other firms serving as co-managers.

Carlyle Secured Lending is an externally managed business development company that provides senior secured debt investments to U.S. middle market companies backed by private equity sponsors. The company is managed by Carlyle Global Credit Investment Management, a wholly owned subsidiary of Carlyle (NASDAQ:CG). InvestingPro analysis suggests Carlyle Group is currently undervalued, with strong revenue growth of 99% in the last twelve months. For detailed insights and more exclusive metrics, check out the comprehensive Pro Research Report, available among 1,400+ top US stocks on InvestingPro.

Carlyle manages $465 billion in assets as of June 30, 2025, and employs more than 2,300 people across 27 offices worldwide. The firm’s strong market presence is reflected in its solid financial metrics, including a gross profit margin of 65.5% and return on equity of 23%.

The offering is being made through a prospectus supplement and accompanying prospectus filed with the Securities and Exchange Commission, according to the press release statement.

In other recent news, The Carlyle Group announced the issuance of $800 million in 5.050% senior notes due in 2035. The notes, which were issued with a semiannual interest payment plan, will mature on September 19, 2035, unless redeemed earlier. This financial move is backed by Carlyle’s indirect subsidiaries, including Carlyle Holdings I L.P. and others. Additionally, JMP Securities has reiterated its Market Outperform rating for Carlyle Group amid prior acquisition talks with Macquarie, maintaining a price target of $75.00. Meanwhile, TD Cowen reaffirmed its Buy rating on Carlyle Group, setting a price target of $80.00 and highlighting the firm’s recent success in raising $20 billion for its Secondaries platform.

In a different sector, Centerra Gold announced an extension of its Mount Milligan mine’s operational life to 2045, following a Pre-Feasibility Study. This extension will involve $186 million in phased capital investments, mainly needed in the early-to-mid-2030s, for expanding infrastructure and capacity. These developments reflect ongoing strategic financial activities and operational planning by both companies.

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