Carlyle's Sequa Roiled in Debt Market as Earnings Said to Tank

  • 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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