Carlyle Secured Lending, Inc. — Third Quarter 2026 Earnings Summary

Financial Performance:

• Reported Net Investment Income of $0.36 per common share for the third quarter of 2026.
• Reported Adjusted Net Investment Income of $0.36 per common share for the third quarter of 2026.
• Net asset value (NAV) per common share increased by 0.3% to $15.65 as of September 30, 2026, up from $15.61 as of June 30, 2026.
• Total fair value of investments was $2.3 billion as of September 30, 2026.
• Aggregate principal amount of debt and equity investments made since May 2013 through September 30, 2026, was approximately $11.2 billion.

Guidance and Future Outlook:

• Management remains focused on delivering disciplined credit performance and scaling joint ventures heading into the end of the year.
• Strategy involves being selective in deploying new capital given the uncertain market backdrop.
• Plan to leverage the OneCarlyle platform to capture differentiated opportunities across the private credit market.

Business Segments and Product Lines:

• CGBD is an externally managed specialty finance company focused on lending to middle-market companies.
• Investment objective is to generate current income and capital appreciation primarily through debt investments in U.S. middle market companies.
• Managed by Carlyle Global Credit Investment Management L.L.C., an SEC-registered investment adviser and wholly owned subsidiary of The Carlyle Group Inc.

Other Key Points:

• The Board of Directors declared a quarterly common dividend of $0.35 per share on October 28, 2026.
• The dividend is payable on January 19, 2027, to common stockholders of record on December 31, 2026.
• A conference call to discuss financial results is scheduled for 11:00 a.m. (Eastern Time) on November 6, 2026, with a public webcast available via the company website.
• Adjusted Net Investment Income is a non-GAAP measure excluding amortization/accretion from new cost basis under ASC 805 and one-time purchase or non-recurring investment income/expense events.
• Starting in Q1 2025, the adjustment to Net Investment Income reflects the difference between GAAP amortization under the asset acquisition method and management's non-GAAP measure of amortization related to assets acquired via the CSL III merger (March 27, 2025) and the remaining interest in Middle Market Credit Fund II (February 11, 2025).
• Carlyle, the adviser, manages $479 billion of assets as of September 30, 2026, across Global Private Equity, Global Credit, and Carlyle AlpInvest segments.