Ropes & Gray represented the underwriters in Carlyle Secured Lending Inc.’s $300 million in aggregate principal amount of 6.750% unsecured notes due 2030. The transaction was announced Oct. 10 and closed Oct. 18.
Carlyle Secured Lending, Inc., is a closed-end, non-diversified and externally managed investment company that is regulated as a business development company. The company’s objective is to generate current income and capital appreciation by sourcing and providing senior secured debt investments to U.S. companies in the middle market that are generally backed by private equity sponsors.
The deal team was led by capital markets partners Paul Tropp and Christopher Capuzzi.