Carlyle Credit Income Fund Pricing Announcement
Today, the Carlyle Credit Income Fund (NYSE: CCIF) has made headlines with the announcement of a new public offering. This offering involves 1.2 million shares of its 7.375% Series D Preferred Shares due in 2028, priced at a public offering cost of $25 per share. As a result, the anticipated net proceeds from this offering will be in the neighborhood of $29.4 million after accounting for underwriting fees and offering expenses.
Underwriting Details and Timing for Closing
The anticipated closing of this offering is set for October 30, 2025, contingent upon customary closing conditions being satisfied. Furthermore, the Fund has provided the underwriters with a 30-day option to acquire an additional 180,000 shares should demand exceed expectations. Investors can expect the Preferred Shares to be listed on the New York Stock Exchange (NYSE) and commence trading within 30 days under the ticker symbol "CCID." This listing marks a significant step for the fund in terms of market presence.
Leading Management Team Behind the Offering
Lucid Capital Markets, LLC has been designated as the lead book-running manager for this offering, demonstrating its commitment to guiding Carlyle Credit Income Fund through this pivotal financial maneuver. Additionally, B. Riley Securities, Inc. and Piper Sandler & Co. are acting as joint book-running managers, ensuring an experienced and capable team is at the helm of this public offering. A.G.P. / Alliance Global Partners are serving as the lead managers, while Clear Street LLC and InspereX LLC are engaged as co-managers.
Understanding Investment Considerations
Investors are strongly advised to evaluate the Fund's investment objectives, potential risks, fees, and other expenses before making any decisions regarding their investment participation. Comprehensive details can be found in the preliminary prospectus supplement dated on the announcement date and the accompanying prospectus.
About Carlyle Credit Income Fund
The Carlyle Credit Income Fund functions as an externally managed closed-end fund primarily investing in equity and junior debt tranches of collateralized loan obligations (CLOs). These CLOs are backed by a diverse portfolio of senior secured loans from U.S.-based borrowers spanning various industries. The Fund strategically benefits from its relationship with Carlyle Global Credit Investment Management L.L.C., a leader in the CLO management space, leveraging extensive resources to implement its investment strategy effectively.
Investor Contact Information
For any inquiries related to investments or the offering, interested parties may contact the Investor Relations team at:
Joseph Castilla
+1 (866) 277-8243
investorrelations@carlylecreditincomefund.com
Frequently Asked Questions
1. What is the purpose of Carlyle Credit Income Fund’s offering?
The Fund aims to raise capital through the public offering of its Series D Preferred Shares to support its investment objectives and enhance returns.
2. How many shares are being offered in this public offering?
The offering consists of 1.2 million shares of the 7.375% Series D Preferred Shares.
3. When is the expected closing date for the offering?
The anticipated closing date for the offering is October 30, 2025.
4. Who is managing the offering for Carlyle Credit Income Fund?
Lucid Capital Markets, LLC is the lead manager, supported by B. Riley Securities, Inc., Piper Sandler & Co., and other collaborators.
5. Where can I find more information about the Carlyle Credit Income Fund?
Additional details can be found on the Fund's official website.
