Carlyle Secured Lending, LLC Completes Merger with Carlyle Secured Lending III

Carlyle Secured Lending Inc. Announces Shareholder Approval of Merger with Carlyle Secured Lending III

March 26, 2025 - NEW YORK - Carlyle Secured Lending Inc. (the "Company" or "CSL"), a specialty finance company that invests in senior secured loans, today announced that its shareholders have approved the merger with Carlyle Secured Lending III, LLC (the "Merger Sub").

The merger, which was previously announced on February 28, 2025, was approved by the Company's shareholders at a special meeting held today. The merger is expected to close on April 15, 2025, subject to the satisfaction of certain closing conditions.

The merger is a significant step forward for CSL, as it will enable the Company to expand its investment portfolio and increase its capacity to invest in senior secured loans. The merger will also provide the Company with a more robust capital structure, which will enable it to better capitalize on investment opportunities in the market.

"We are pleased that our shareholders have approved the merger, which will enable us to grow our business and increase our ability to generate returns for our investors," said Craig Schwabe, CEO of CSL. "We believe that the merger will be a significant catalyst for our growth and will enable us to continue to deliver value to our shareholders."

The merger is expected to have a number of benefits for CSL, including:

• Expanded investment portfolio: The merger will enable CSL to expand its investment portfolio and increase its capacity to invest in senior secured loans.
• Increased capital: The merger will provide CSL with a more robust capital structure, which will enable it to better capitalize on investment opportunities in the market.
• Improved financial performance: The merger is expected to improve CSL's financial performance, including its ability to generate returns for its investors.

The merger is subject to the satisfaction of certain closing conditions, including the receipt of regulatory approvals and the satisfaction of customary closing conditions. The Company expects the merger to close on April 15, 2025.

About Carlyle Secured Lending Inc.

Carlyle Secured Lending Inc. is a specialty finance company that invests in senior secured loans. The Company is a subsidiary of The Carlyle Group, a global alternative asset manager. CSL is focused on providing financing solutions to middle market companies, and its investment portfolio is comprised of senior secured loans to companies across a range of industries.