Carlyle Provides Over $400 Million Private Debt to Big Bus Tours
- Debt will be used to fuel the company’s international growth
- Big Bus Tours operates hop-on, hop-off sightseeing tours
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Carlyle Group Inc. is providing over $400 million of private credit loans to Big Bus Tours, people with knowledge of the matter said.
Private equity firm Exponent bought Big Bus Tours in 2015. The business, which operates open-top sightseeing bus tours, will use the debt to fuel further expansion globally, according to a statement seen by Bloomberg News.