Carlyle Credit Arm Makes $1.5 Billion Wager on Citrix, Nielsen Buyout Debt
- Firm bought about $750 million of Citrix debt, preferred stock
- Carlyle also part of group with Ares that bought Nielsen loan
Photographer: Pavlo Gonchar/SOPA Images/LightRocket/Getty Images
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Carlyle Group Inc. made large bets on the buyouts of Citrix Systems Inc. and Nielsen Holdings Plc as banks struggled to find buyers for billions of dollars of debt they agreed to provide to finance the deals.
Carlyle’s credit arm has invested around $750 million in the Citrix buyout, split about evenly between the secured debt portion that banks syndicated at steep losses last month, and a preferred equity piece that was arranged at the start of the year, according to people with knowledge of the matter.