Carlyle seeks $1.9b Coates Hire refinancing
The Carlyle Group is in negotiations with banks to refinance the A$1.9 billion ($1.9 billion) in leverage used to purchase Australian equipment hire company Coates Hire.
Two sources told Reuters that Carlyle is looking for money in order to protect itself against a long wait for an exit. Although the investor only acquired Coates in 2008, and would not yet have been expected...
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