-- Carlyle (CG) has arranged a first-of-its-kind financing that will seed its next flagship buyout fund while repaying investors in some of its older funds, Bloomberg reported Monday, citing people with knowledge of the matter.
The credit deal will total about $8.5 billion, and half of it will be composed of bank debt with the balance in preferred equity and common equity, the report said.
Additionally, Carlyle will take a significant minority holding in the common equity with cash from its balance sheet and partners, the people said, according to the news outlet.
Carlyle did not immediately respond to' request for comment.
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