Carlyle Secured Lending Prices $300 Million Note Offering at 5.75% Interest

The debt issuance supports the company's ongoing growth strategy amid sustained investor demand.

October 06, 2025

Carlyle Secured Lending Launches $300 Million Debt Offering Due 2031

Carlyle Secured Lending has taken a decisive step to raise fresh capital, locking in terms on a $300 million offering of 5.750% notes due in 2031. The transaction was finalized on September 30, 2025, and is expected to close on October 7, pending standard settlement conditions.

The agreement brings together Carlyle’s lending platform and a group of top-tier underwriters—J.P. Morgan, Barclays, BofA Securities, Citi, Deutsche Bank, and Morgan Stanley. The deal also includes Carlyle’s credit advisory and administration affiliates, aligning all parties under a single underwriting agreement. The terms follow established protocols, including mutual representations, warranties, and provisions for indemnification and contribution.

The notes were issued under Carlyle’s shelf registration on Form N-2, with accompanying documentation filed with the SEC. Those documents include a preliminary prospectus supplement, a final supplement, and a pricing term sheet—all dated the same day as the agreement.

Capital to Support Lending Strategy

For Carlyle, this offering provides new capital to support its secured lending strategy. The company focuses on originating senior secured loans across middle-market borrowers, and this transaction adds to its toolkit—giving it additional flexibility in how it funds deals and responds to borrower needs.

Investor Appetite Remains Strong

The 5.750% interest rate reflects current market dynamics, particularly investors’ ongoing demand for stable, income-generating credit assets. Institutional buyers continue to seek yield opportunities in higher-quality debt, and this issuance fits squarely within that framework.

While the offering isn’t available in every jurisdiction and doesn’t serve as a solicitation to buy, it signals clear intent. Carlyle is continuing to scale its credit platform with purpose, using capital markets access to stay active and responsive.

With the closing date approaching, the company is positioned to deploy this capital as part of its broader lending strategy—one that leans into market demand while maintaining disciplined execution.