TCG BDC Completes Acquisition of Carlyle Secured Lending III

The latest update is out from TCG BDC ( (CGBD) ).

On March 27, 2025, Carlyle Secured Lending, Inc. (CGBD) completed its acquisition of Carlyle Secured Lending III (CSL III), following a merger agreement initially announced in August 2024. This merger resulted in CGBD issuing approximately 18,935,108 shares of common stock to former CSL III shareholders. The merger was approved by 96% of voting shareholders at a special meeting held on March 26, 2025. The transaction aims to create long-term value through increased portfolio scale and efficiency, with a closing price per share of CGBD’s common stock on the Nasdaq Global Select Market being less than 11% greater than its net asset value per share as of March 25, 2025.

More about TCG BDC

Carlyle Secured Lending, Inc. (CGBD) is a publicly traded business development company that began investing in 2013. The company focuses on providing directly originated financing solutions across the capital structure, with a focus on senior secured lending to middle-market companies primarily located in the United States. It is externally managed by Carlyle Global Credit Investment Management L.L.C., an SEC-registered investment adviser and wholly owned subsidiary of Carlyle.

YTD Price Performance: -3.15%

Average Trading Volume: 212,723

Technical Sentiment Signal: Sell

Current Market Cap: $861.7M

For detailed information about CGBD stock, go to TipRanks’ Stock Analysis page.