Carlyle Secured Lending, Inc. announced that its shareholders voted overwhelmingly in favor of the previously announced merger with Carlyle Secured Lending III (CSL III). At a special meeting held on March 26, 2025, 96% of voting CGBD shareholders supported the proposal for the issuance of common stock in connection with the merger. This strong approval signals investor confidence in the strategic benefits of the transaction.
The shareholder vote was a crucial step towards completing the merger, which is now expected to close on or about March 27, 2025, subject to the satisfaction or waiver of customary closing conditions. Justin Plouffe, Chief Executive Officer of CGBD and CSL III, expressed gratitude for the strong support, emphasizing the conviction in the strategic benefits and value the merger will bring to both sets of shareholders.
The merger is anticipated to create long-term value through increased portfolio scale and enhanced operational efficiency for the combined company. This approval removes a significant hurdle, allowing CGBD to proceed with its plans for a larger, more integrated platform in the middle-market lending sector.
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