Carlyle Credit Solutions Inc.
10/01/2024 | Press release | Distributed by Public on 10/01/2024 12:25
Regulation FD Disclosure Form 8 K
Item 3.02 - Unregistered Sales of Equity Securities.
On September 27, 2024, Carlyle Credit Solutions, Inc. (the "Company") delivered a capital drawdown notice to its investors relating to the issuance of 23,569,427 shares of the Company's common stock, par value $0.01 per share (the "Common Stock"), for an aggregate offering price of approximately $465.0 million. The shares are expected to be issued on or around October 9, 2024. Following this issuance of Common Stock, the total number of shares of Common Stock outstanding will be 76,882,574.
The issuance of Common Stock 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 shares of Common Stock 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 Common Stock 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.