Carlyle Secured Lending (CGBD) reported FY 2025 net investment income of USD 100.7 million, or USD 1.48 per common share, with adjusted net investment income per share (non-GAAP) of USD 1.51. Net increase in net assets resulting from operations attributable to common stockholders was USD 69.1 million, or USD 1.02 per share (diluted: USD 1.01). Total investment income was USD 255.6 million, while total expenses (including excise tax) were USD 154.8 million. Dividends declared on common shares totaled USD 110.0 million, or USD 1.65 per share. Net asset value was USD 16.26 per common share at December 31, 2025. The portfolio totaled USD 2.5 billion at fair value across 229 investments in 165 portfolio companies; non-accrual investments represented 1.8% of the portfolio at cost and 1.2% at fair value. Total debt and income producing investments carried a weighted average yield of 10.1% (as of December 31, 2025, excluding non-accruals). During 2025, CGBD completed the Credit Fund II Purchase (February 11) and the CSL III merger (March 27), issuing 18,935,108 common shares to former CSL III shareholders; its 2,000,000 preferred shares were exchanged for 3,004,808 common shares. The company amended and restated its credit facility in March, lifting total commitments to USD 935.0 million and extending maturity to March 12, 2030, and later increased commitments to USD 960.0 million. CGBD issued USD 300.0 million of 5.75% senior unsecured notes due 2031 and redeemed its 2028 notes; it ended FY 2025 with total liquidity of USD 472.8 million and repurchased USD 13.9 million of common stock (1,095,791 shares). CGBD also agreed to form Structured Credit Partners, a joint venture with an affiliated BDC and Sixth Street, with no operations or capital contributed as of December 31, 2025 and initial capital commitments of up to USD 150.0 million per Carlyle member, if and when requested.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carlyle Secured Lending Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001544206-26-000013), on February 24, 2026, and is solely responsible for the information contained therein.