Carlyle Secured Lending, Inc. (CGBD) Form 8-K — Aug 6, 2026
Carlyle Secured Lending (NASDAQ: CGBD) reported second quarter 2026 net investment income of $0.35 per common share on both a GAAP and adjusted basis, fully covering its quarterly dividend. The board declared a third quarter 2026 dividend of $0.35 per share payable October 16, 2026 to stockholders of record on September 30, 2026. Net asset value per share declined 1.8% in the quarter to $15.61 from $15.89, driven by valuation markdowns on a limited number of investments, while the total portfolio grew to $2.4 billion at fair value.
Key figures
- Eps
- $0.35 NII per share (GAAP and adjusted); $0.00 GAAP net income per share
- Revenue
- $62.1 million total investment income in Q2 2026 (vs $67.3 million in Q2 2025)
- Net Income
- -$0.06 million net decrease in net assets resulting from operations; $0.00 per common share
- Total Debt
- 1290348000
- Total Assets
- 2443700000
- Cash Position
- 48856000
- Shares Outstanding
- 69161000
- Market cap
- $707 million as of August 5, 2026
- Non accruals
- 6 borrowers; 1.2% at amortized cost, 0.6% at fair value
- Nav per share
- $15.61 as of 6/30/26, down 1.8% from $15.89 as of 3/31/26
- Debt to equity
- 1.22x
- Q2 originations
- $248.0 million at 9.1% weighted average yield
- Total liquidity
- $592 million
- Q3 2026 dividend
- $0.35 per share payable October 16, 2026 to holders of record September 30, 2026
- Spillover income
- estimated $50.5 million ($0.73 per share)
- Scp yield to cgbd
- 18.7% annualized; SCP portfolio $1.7 billion, CGBD ownership 45.0%
- Portfolio fair value
- $2.36 billion across 177 portfolio companies
- Q2 share repurchases
- $12.5 million at 29.0% discount to 3/31/26 NAV; $0.07 per share NAV accretion
- Net financial leverage
- 1.20x
- Annualized dividend yield
- 13.3% on stock price as of 6/30/26
- Credit fund yield to cgbd
- 17.6% annualized; Credit Fund investments $1.2 billion, CGBD ownership 50.0%
- Net investment activity q2
- $180.3 million
- Portfolio weighted avg yield
- 10.4% on income producing investments
- Share repurchases inception to date
- $202.6 million; $97 million remaining authorized
Price after filing
Close on the filing date to close N calendar days later (from $10.49). Historical, not a forecast.
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