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Stock impact report

TCG BDC Issues Preliminary First Quarter 2020 Financial Results

Carlyle Secured Lending, Inc. - Closed End Fund (CGBD) 
Last carlyle secured lending, inc. - closed end fund earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tcgbdc.com/news-releases
Company Research Source: GlobeNewswire
NEW YORK, April 24, 2020 (GLOBE NEWSWIRE) -- TCG BDC, Inc. (NASDAQ: CGBD) today announced preliminary estimates of certain financial results for its first quarter ended March 31, 2020, and provided a further business update. Linda Pace, TCG BDC’s Chief Executive Officer said, “The human toll of the COVID-19 pandemic is significant, and our thoughts remain with all those affected. At TCG BDC, we are extremely focused on ensuring we work with our portfolio companies to sustain value through this unprecedented economy-wide demand shock. The expected forward economic environment will inevitably produce losses, but we are encouraged by our initial portfolio assessment and performance, as the senior orientation of our portfolio should position us to outperform over the cycle.  During the first quarter, the right side of our balance sheet functioned well and we met every committed funding request from our portfolio companies. Our business continues to operate normally in a very uncertain Show less Read more
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