Carlyle's Sequa Said to Burn Through 44% of Cash; Loans Plunge

Updated on
  • Aerospace parts repairer has about $45 million of cash left
  • Ebitda plunges 26.5% to $38.9 million in second quarter

Sequa Burns Through Nearly Half Its Cash

Sequa Corp., an aerospace parts servicer controlled by Carlyle Group LP, burned through nearly half of its cash in the second quarter as earnings tumbled and a recently acquired unit ran into trouble, according to three people with knowledge of the company’s performance.

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