Carlyle Secured Lending, Inc. Announces Shareholder Approval of Merger with Carlyle Secured Lending III

Core Viewpoint - Carlyle Secured Lending, Inc. (CGBD) announced that shareholders voted overwhelmingly in favor of the merger with Carlyle Secured Lending III (CSL III), with 96% support from voting shareholders [1][2]. Company Overview - Carlyle Secured Lending, Inc. is a publicly traded business development company (BDC) that began investing in 2013, focusing on senior secured lending to middle-market companies primarily in the United States [3]. - CSL III is an externally-managed, non-diversified closed-end management investment company regulated as a BDC, aiming to generate current income and capital appreciation through secured debt investments [4]. - Carlyle Group, the parent company, manages $441 billion in assets as of December 31, 2024, and operates across three business segments: Global Private Equity, Global Credit, and Global Investment Solutions [5]. Merger Details - The merger transaction is expected to close on or about March 27, 2025, pending customary closing conditions [2]. - The CEO of CGBD and CSL III expressed confidence in the strategic benefits and long-term value creation from the merger, emphasizing increased portfolio scale and efficiency [3].