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Reuters: Carlyle Capital in default, on brink of collapse

Started by chris, March 13, 2008, 12:01:03 PM

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chris

Carlyle Capital in default, on brink of collapse
      


AMSTERDAM (Reuters) - An affiliate of U.S.-based buyout firm Carlyle Group has defaulted on about $16.6 billion of debt and expects its lenders to seize remaining assets as the global credit crunch tightens around leveraged investors.
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