CGBD Research | Milton Maxwell

CGBD

Carlyle Secured Lending, Inc.

12.81

+0.04+0.31%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

FY Q3 '25

Dividend holds through earnings trough

11/4/25Nov 4, 2025

Q&A fleshed out dividend confidence at $0.40 despite a near-term earnings trough from the SOFR curve, covered by $0.86 spillover income while JVs ramp slowly—existing one upsized toward $1.6B at mid-teens ROA, new one in advanced talks with distinct strategy. First-lien weighting will grow further; second liens lack appeal in tight spreads. Pipeline yields sit at 500bps with 38-42% LTVs in familiar sectors. Restructuring Maverick succeeded; one nonaccrual eyes strong recovery. Earnings trough ahead. Investors will eye JV scaling for growth durability.

Key Stats

Market Cap

933.89M

P/E (TTM)

11.04

Basic EPS (TTM)

1.16

Dividend Yield

0.13%

Recent Filings

8-K

1/27/26Jan 27, 2026

10-Q

11/4/25Nov 4, 2025

8-K

11/4/25Nov 4, 2025

8-K

10/31/25Oct 31, 2025

8-K

10/15/25Oct 15, 2025

About

Carlyle Secured Lending, Inc. is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector. The fund seeks to invest across United States of America, Luxembourg, Cayman Islands, Cyprus, and United Kingdom. It invests in companies with EBITDA between $25 million and $100 million.

CEO

Mr. Justin V. Plouffe CFA, J.D.

IPO

6/14/2017

Website

https://carlylesecuredlending.com

Sector

Financial Services

Industry

Asset Management