Ladenburg Thalmann served as Lead Bookrunner for this offering.
Since 2017, Ladenburg has led 53 fixed income transactions for BDC/Investment Companies raising over $2.4 Billion. Overall, Ladenburg has participated in 112 fixed income offerings for BDC/Investment Companies raising over $9.8 Billion.
Transaction Information
Carlyle Credit Income Fund (NYSE:CCIF) priced an underwritten public offering of 1,200,000 shares of its 8.75% Series A Term Preferred Stock due 2028 at a public offering price of $25 per share, which will result in gross proceeds to the Company of approximately $30.0 million. The Preferred Stock is rated 'BBB+' by Egan-Jones Ratings Company, an independent rating agency.
The Preferred Stock is expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the symbol "CCIA."
Ladenburg Thalmann acted as Lead Bookrunner for the transaction, representing the 1st term preferred offering Ladenburg has acted as Lead Bookrunner for Carlyle Credit Income Fund.
About Carlyle Credit Income Fund:
Carlyle Credit Income Fund (NYSE: CCIF) is an externally managed closed-end fund focused on investing in primarily equity and junior debt tranches of collateralized loan obligations ("CLOs"). The CLOs are collateralized by a portfolio consisting primarily of U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors. With Carlyle (NASDAQ: CG) as its investment adviser, CCIF draws upon the significant scale and resources of Carlyle as one of the world's largest CLO managers.
The information and material presented is provided for informational purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or buy any securities mentioned herein.