Carlyle's Sequa Roiled in Debt Market as Earnings Said to TankBy
Aerospace parts servicer said to post 39% decline in 3Q Ebitda
Sequa results hurt by competition, slowing economies
Sequa Corp. debt plunged to record lows this week after the aerospace parts servicer controlled by Carlyle Group LP told creditors its third-quarter earnings fell nearly 40 percent, according to two people with knowledge of the company’s performance.
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