Carlyle Secured Lending, Inc. Shareholders Approve Merger with Carlyle Secured Lending III
NEW YORK, March 26, 2025 – Carlyle Secured Lending, Inc. (CGBD) announced today that its shareholders have overwhelmingly approved the previously announced merger with Carlyle Secured Lending III (CSL III) at a special meeting held on March 26, 2025.
Implications for CGBD Shareholders
Under the terms of the merger agreement, CGBD shareholders will receive 0.1145 shares of CSL III common stock for each share of CGBD common stock they hold. Based on the closing price of CSL III common stock on March 25, 2025, this represents a premium of approximately 11% to the March 25, 2025 closing price of CGBD common stock.
The merger is expected to be completed in the second quarter of 2025, subject to customary closing conditions, including regulatory approvals. Upon completion of the merger, CGBD will become a wholly-owned subsidiary of CSL III.
Impact on the Wider World
The merger between CGBD and CSL III is part of a larger trend in the financial services industry towards consolidation and scale. The combined entity will have approximately $12 billion in assets under management, making it a significant player in the secured lending market.
The merger is also expected to result in cost savings and increased efficiency for the combined entity, as well as increased opportunities for cross-selling and revenue growth. This could lead to increased competition in the market, as larger players are able to offer a wider range of products and services to clients.
Conclusion
The merger of CGBD and CSL III marks an exciting new chapter for both companies, and is expected to bring significant benefits to shareholders, as well as the wider financial services industry. The merger is expected to be completed in the second quarter of 2025, subject to customary closing conditions.
- CGBD shareholders will receive 0.1145 shares of CSL III common stock for each share of CGBD common stock they hold.
- The merger is expected to result in cost savings and increased efficiency for the combined entity.
- The merger is part of a larger trend towards consolidation and scale in the financial services industry.
- The merger is expected to be completed in the second quarter of 2025, subject to customary closing conditions.
As a CGBD shareholder, you can expect to receive the merger consideration in the second quarter of 2025, assuming the closing conditions are met. This is a positive development for CGBD shareholders, as it represents a premium to the current market price and the opportunity to own shares in a larger, more efficient entity.
From a broader perspective, the merger is a sign of the ongoing consolidation in the financial services industry, as larger players seek to increase their scale and competitiveness. This could lead to increased competition and innovation in the market, as well as new opportunities for investors.
