NEW
YORK, Oct. 18, 2023 /PRNewswire/ -- Carlyle
Credit Income Fund (the "Fund") (NYSE: CCIF) today announced that
it has priced an underwritten public offering of 1.2 million shares
of its 8.75% Series A Preferred Shares due 2028 (the "Preferred
Shares") at a public offering price of $25 per share, which will result in net proceeds
to the Fund of approximately $28.8
million after payment of underwriting discounts and
commissions and estimated offering expenses payable by the Fund.
The Preferred Shares are rated 'BBB+' by Egan-Jones Ratings
Company, an independent rating agency.
The offering is expected to close on October 24, 2023, subject to customary closing
conditions. The Fund has granted the underwriters a 30-day option
to purchase up to an additional 180,000 shares of Preferred Shares.
The Preferred Shares are expected to be listed on the New York
Stock Exchange and to trade thereon within 30 days of the original
issue date under the symbol "CCIA."
Ladenburg Thalmann & Co. Inc. is acting as lead book-running
manager for the offering, and B. Riley Securities, Inc.,
Oppenheimer & Co. Inc., Piper
Sandler & Co. and InspereX LLC are acting as joint
book-running managers for the offering.
Investors should consider the Fund's investment objectives,
risks, charges, and expenses carefully before investing. The
preliminary prospectus supplement dated October 18, 2023 and the accompanying prospectus
dated September 29, 2023, which have
been filed with the Securities and Exchange Commission ("SEC"),
contain this and other information about the Fund and should be
read carefully before investing. The information in the
preliminary prospectus supplement, the accompanying prospectus and
this press release is not complete and may be changed. The
preliminary prospectus supplement, the accompanying prospectus and
this press release are not offers to sell these securities and are
not soliciting an offer to buy these securities in any state where
such offer or sale is not permitted.
A shelf registration statement relating to these securities is
on file with and has been declared effective by the
SEC. The offering may be made only by means of a prospectus
and a related prospectus supplement, copies of which may be
obtained by writing Ladenburg Thalmann & Co. Inc. at 640 Fifth
Avenue, 4th Floor, New York, New
York 10019, by calling toll-free 1-800-573-2541 or by
sending an e-mail to: prospectus@ladenburg.com; copies may also be
obtained for free by visiting EDGAR on the SEC's website at
http://www.sec.gov.
Egan-Jones Ratings Company is a nationally recognized
statistical rating organization (NRSRO). A security rating is not a
recommendation to buy, sell or hold securities, and any such rating
may be subject to revision or withdrawal at any time by the
applicable rating agency.
ABOUT CARLYLE CREDIT INCOME FUND
Carlyle Credit Income Fund (NYSE: CCIF) is an externally managed
closed-end fund focused on investing in primarily equity and junior
debt tranches of collateralized loan obligations ("CLOs"). The CLOs
are collateralized by a portfolio consisting primarily of U.S.
senior secured loans with a large number of distinct underlying
borrowers across various industry sectors. With Carlyle (NASDAQ:
CG) as its investment adviser, CCIF draws upon the significant
scale and resources of Carlyle as one of the world's largest CLO
managers. For more information visit
www.carlylecreditincomefund.com.
FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described in the
prospectus and the Fund's other filings with the SEC. The Fund
undertakes no duty to update any forward-looking statement made
herein. All forward-looking statements speak only as of the date of
this press release.
www.carlylecreditincomefund.com
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SOURCE Carlyle Credit Income Fund