Carlyle Provides €290 Million in Private Debt to Mecachrome

The credit arm of Carlyle Group Inc. is providing a debt package of €290 million ($338 million) to France’s Mecachrome in a rare private credit deal that taps into Europe’s military buildup.

Mecachrome, which supplies high-precision components to the aerospace and defense sectors, is borrowing to refinance its existing debt, expand its manufacturing facilities and fund potential acquisitions, according to a statement on Monday.