Carlyle Capital to fold(2)

Unable to stabilise its financing, the credit-focussed affiliate of buyout giant The Carlyle Group has resigned itself to liquidation by creditors.

Carlyle Capital Corporation, a mortgage-bond specialist affiliated to The Carlyle Group and publicly traded on Euronext Amsterdam, has thrown in the towel after negotiations with its creditor failed to stabilise its financing.

The company, which had been rocked by the credit crisis said it had been “working diligently with its lenders” but had not reached a “mutually beneficial agreement”.

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