Carlyle Secured Lending III
09/24/2024 | Press release | Distributed by Public on 09/24/2024 13:32
Regulation FD Disclosure Form 8 K
Item 3.02 - Unregistered Sales of Equity Securities.
On September 20, 2024, Carlyle Secured Lending III (the "Company") delivered a capital drawdown notice to its investors relating to the issuance of 1,056,169 common shares of beneficial interest of the Company, par value $0.001 per share (the "Shares"), for an aggregate offering price of approximately $22.3 million. The Shares will be issued on or around October 2, 2024. Following this issuance of Shares, the total number of common shares of beneficial interest outstanding will be 12,766,202.
The issuance of the Shares is being made pursuant to subscription agreements ("Subscription Agreement") entered into by the Company and its investors. Under the terms of the Subscription Agreement, investors are required to fund drawdowns to purchase common shares of beneficial interest up to the amount of their respective capital commitments on an as-needed basis with a minimum of eight business days' prior notice to investors.
The issuance and sale of the Shares is exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(2) thereof and Regulation D and Regulation S thereunder.