Carlyle Secured Lending (CGBD) said Thursday it has closed its merger with Carlyle Secured Lending III, or CSL III, and will remain as the surviving company.
The combined company has more than $2.8 billion of assets based on recent data, the company said.
Under the merger agreement, CSL III shareholders received around 18.9 million shares of CGBD common stock for each common share of CSL III based on the final exchange ratio and payment of cash in lieu of fractional shares.
Carlyle Secured Lending is externally managed by Carlyle Global Credit Investment Management, a subsidiary of Carlyle (CG).
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