04:57 PM EDT, 10/10/2024 (MT Newswires) -- Carlyle Secured Lending ( CGBD ) said late Thursday it has priced a $300 million underwritten public offering of unsecured notes due Feb. 18, 2030, to repay borrowings maturing at the end of this year.

The company said it may decide to redeem the 6.75% notes in whole or part at its discretion.

Carlyle said it intends to use the net proceeds to repay debt, including a revolving credit facility, 4.75% unsecured notes, and 4.5% unsecured notes in the aggregate principal amount of about $190 million, each of which will mature on Dec. 31. The proceeds will also fund new investment opportunities and general corporate purposes.

The offering will likely close on Oct. 18.

Shares of the company fell 2.7% in after-hours activity.

Price: 16.71, Change: -0.47, Percent Change: -2.74