Carlyle Credit Income Fund Completes Registered Offering of Series D Preferred Shares

"Simpson Thacher represented Carlyle Credit Income Fund in an underwritten public offering of 1.2 million 7.375% Series D Preferred Shares due 2028, raising $30 million. The offering closed Oct. 30, 2025, with a 30-day option for 180,000 additional shares. Net proceeds were used to redeem the Fund’s 8.75% Series A Preferred Shares due 2028."

Simpson Thacher represented Carlyle Credit Income Fund (the "Fund"), an externally managed closed‑end fund focused on investing in primarily equity and junior debt tranches of CLOs listed on the New York Stock Exchange, in connection with a registered underwritten public offering. The Fund completed an underwritten public offering of 1.2 million shares of its 7.375% Series D Preferred Shares due 2028 (the "Preferred Shares") for gross proceeds of $30 million. The offering closed on October 30, 2025. The Fund granted the underwriters a 30‑day option to purchase up to an additional 180,000 shares of Preferred Shares. The Preferred Shares are listed on the New York Stock Exchange under the symbol CCID. The Fund used the net proceeds from the sale of the Preferred Shares to redeem its outstanding 8.75% Series A Preferred Shares due 2028. Simpson Thacher represented Carlyle Credit Income Fund with a team composed by: Rajib Chanda, Steven Grigoriou, Jonathan Pacheco, Kaitlyn Bello, Sherry Liu and Adriana Hong (Registered Funds); and Jonathan Cantor and Michael Slomovics (Tax).

Carlyle Credit Income Fund Completes Registered Offering of Series D Preferred Shares

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