Carlyle Secured Lending (CGBD) Q1 2026 Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 11, 2026 astatine 11:58 AM CDT 18 min read

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DATE

Monday, May 11, 2026 astatine 11 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Alex Chi

• President and Chief Financial Officer — Thomas M. Hennigan

• Moderator — Nishil Mehta

Full Conference Call Transcript

Nishil Mehta: Good morning, and invited to Carlyle Secured Lending, Inc.'s First Quarter 2026 Earnings Call. I americium joined by Alex Chi, Carlyle Secured Lending, Inc.'s Chief Executive Officer, and Thomas M. Hennigan, our President and Chief Financial Officer. This morning, we filed our Form 10-Q and issued a property merchandise with a presumption of our results disposable connected the Investor Relations conception of our website. Following our remarks today, we volition clasp a question-and-answer league for analysts and organization investors. This telephone is being webcast, and a replay volition beryllium disposable connected our website. Any forward-looking statements made contiguous bash not warrant aboriginal performance, and undue reliance should not beryllium placed connected them.

Today’s league telephone whitethorn see forward-looking statements reflecting our views with respect to, among different things, our aboriginal operating results and fiscal performance. These statements are based connected existent absorption expectations, estimates, and projections and impact inherent risks and uncertainties, including those identified successful the Risk Factors and Cautionary Statement Regarding Forward-Looking Statements sections of our 10-Q. These risks and uncertainties could origin existent results to disagree materially from those indicated. Carlyle Secured Lending, Inc. assumes nary work to update immoderate forward-looking statements astatine immoderate time. During this league call, the institution whitethorn sermon definite non-GAAP measures arsenic defined by SEC Regulation G, specified arsenic adjusted nett concern income, oregon adjusted NII.

The company’s absorption believes adjusted nett concern income, adjusted nett concern income per share, adjusted nett income, and adjusted nett income per stock are utile to investors arsenic further tools to measure ongoing results and trends and to reappraisal our show without the effect of the amortization oregon accretion resulting from the caller outgo ground of the investments acquired and accounted for nether the acquisition method of accounting successful accordance with ASC 805 and the one-time acquisition oregon nonrecurring concern income and disbursal amounts, including the effect connected inducement fees, and are utilized by absorption to measure the economical net of the company.

A reconciliation of GAAP nett concern income per share, the astir straight comparable GAAP fiscal measure, to adjusted NII per stock tin beryllium recovered successful the accompanying descent presumption for this call. In addition, a reconciliation of these measures whitethorn besides beryllium recovered successful our net merchandise filed this greeting with the SEC connected Form 8-K. With that, I volition crook the telephone implicit to Alex.