NEW
YORK, Nov. 21, 2023 /PRNewswire/ -- Carlyle
Credit Income Fund (the "Fund") (NYSE: CCIF) today announced that
it has priced an offering of an additional 800,000 8.75% Series A
Preferred Shares due 2028 (the "Preferred Shares"), which will
result in net proceeds to the Fund of approximately $19.3 million after payment of 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 or about November 30, 2023, subject to customary closing
conditions. The Preferred Shares are listed on the New York Stock
Exchange under the symbol "CCIA."
The Fund intends to use the net proceeds from the sale of the
shares of its Preferred Shares to acquire investments in accordance
with its investment objectives and strategies and for general
working capital purposes.
Investors should consider the Fund's investment objectives,
risks, charges, and expenses carefully before investing. The
prospectus supplement dated November 21,
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 Carlyle Credit Income Fund at One Vanderbilt
Avenue, Suite 3400, New York, NY
10017, by calling toll-free (866) 277-8243 or by sending an e-mail
to: investorrelations@carlylecreditincomefund.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 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 Global Credit
Investment Management L.L.C. ("Carlyle") as its investment adviser,
the Fund draws upon the significant scale and resources of Carlyle
and its affiliates 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