Carlyle Inks $4.1 Billion Credit Line Linked to Board Diversity
- Revolver structured for its Americas private equity funds
- Debt price tied to previously set target of 30% diversity
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Carlyle Group Inc. has established a $4.1 billion credit line that ties borrowing costs to how well its portfolio companies achieve board diversity goals.
The buyout firm has structured the revolver for its Americas corporate private equity funds, with pricing of the debt depending on whether they meet a previously set target of 30% diverse directors on their boards within two years of ownership.