Oak Hill Provides $775 Million Private Loan for Worldpac
- Carlyle is acquiring Worldpac from Advance Auto Parts
- The private credit firm could sell some of the loan to LPs
Carlyle acquired Advance Auto Parts Inc.’s Worldpac unit for $1.5 billion in late August.
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Oak Hill Advisors has provided a $775 million private credit loan to help Carlyle Group Inc. finance its acquisition of auto parts distributor Worldpac, according to people with knowledge of the matter.
Pricing on the unitranche — which is a blend of senior and subordinated debt — is 5.5 percentage points over the Secured Overnight Financing Rate, the people said, asking not to be identified discussing a private transaction.