`

Carlyle Capital collapse continues

March 13, 2008
Troubles for Carlyle Capital Corp. Ltd., a unit of Carlyle Group, a Washington D.C.-based private equity group, have worsened after it said it can't meet demands of more than $400 million in margin calls from lenders, according to Bloomberg.

The fund had defaulted on about $16.6 billion of debt as of yesterday and expects additional margin calls today of $97.5 million. Lenders intend to take over Carlyle Capital's remaining assets.

Last week, Carlyle said it expected to not meet banks' margin calls on its $21.7 billion portfolio.

Last fall, Carlyle Group bought Allison Transmission in Indianapolis from General Motors Corp. for $5.6 billion.

Source: XMLFULL/XMLFull12442.xml
ADVERTISEMENT

Recent Articles by IBJ Staff

Comments powered by Disqus