Carlyle Falls Apart

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Carlyle Capital, part of private equity firm Carlyle Group, cannot reach a deal with its lenders to stay open. It now appears almost certain that those lenders will seize the fund’s assets and sell them off to satisfy their loans.

According to MarketWatch "Carlyle said it’s defaulted on $16.6 billion of its debt and its remaining borrowing is expected to go into default soon."

Who’s next?

Douglas A. McIntyre