Tcg Bdc ( (CGBD) ) has released its Q1 earnings. Here is a breakdown of the information Tcg Bdc presented to its investors.
Carlyle Secured Lending, Inc. (CGBD) is a specialty finance company focused on lending to middle-market companies, managed by Carlyle Global Credit Investment Management L.L.C., a subsidiary of The Carlyle Group Inc. The company aims to generate income and capital appreciation through debt investments in U.S. middle market companies.
In its latest earnings report for the first quarter of 2025, Carlyle Secured Lending announced a net investment income of $0.40 per common share, with an adjusted net investment income of $0.41 per share. The company also declared a second-quarter dividend of $0.40 per common share, reflecting its commitment to providing returns to shareholders.
Key highlights from the report include a slight decrease in net asset value per common share by 1.0% to $16.63 and an increase in the total fair value of investments to $2.2 billion, driven by the successful merger with Carlyle Secured Lending III. The company also optimized its capital structure by exchanging preferred stock for common stock, which eliminated a dilutive overhang.
Looking ahead, Carlyle Secured Lending remains focused on maintaining stable income and consistent credit performance, despite market volatility and trade uncertainties. The company’s management is optimistic about delivering attractive returns through its conservative investment approach and dynamic origination strategy.