Know the company
Company overview
Carlyle Secured Lending finances middle-market companies, mainly with senior secured loans. Borrowers make interest payments and may pay lending fees. Carlyle also borrows to fund part of the portfolio, so what shareholders ultimately earn depends on the spread after funding, operating costs and credit losses. Net investment income brings that recurring loan business into focus for the dividend.
- Business
- BDC
- Listing
- CGBD · XNAS
- Reporting period
- 2026-06-30
- Dividend schedule
- Quarterly
How the business works
Carlyle Secured Lending’s distribution engine begins with interest and fee income from its loan portfolio. Floating-rate assets can support income when benchmark rates are higher, although the benefit can be offset by higher borrowing costs and by pressure on borrowers’ ability to service debt. The company must also preserve sufficient asset quality and manage leverage prudently, because credit losses and lower valuations can reduce both income-producing assets and the capital base that supports the portfolio.
Carlyle Secured Lending, Inc.: 10-Q supporting reported earnings