NEW
YORK, Oct. 18, 2023 /PRNewswire/ -- Carlyle
Credit Income Fund (the "Fund") (NYSE: CCIF) today announced
that it has commenced an underwritten public offering of its Series
A Preferred Shares (the "Preferred Shares"). The public
offering price and other terms of the Preferred Shares are to be
determined by negotiations between the Fund and the
underwriters. The Preferred Shares are rated 'BBB+' by
Egan-Jones Ratings Company, an independent rating agency. In
addition, the Fund plans to grant the underwriters a 30-day option
to purchase additional shares of Preferred Shares on the same
terms and conditions to cover overallotments, if any.
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.
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SOURCE Carlyle Credit Income Fund