Carlyle signs $4.1bn ‘largest’ private equity ESG facility
Carlyle Group has signed what it is calling the largest ESG-linked private equity credit facility in the US, as socially conscious financing continues to make inroads into the sector globally.
The $4.1bn facility is linked to advancing board diversity among Carlyle’s portfolio companies.
In particular, the margin is linked to Carlyle achieving 30% ethnically diverse directors on the board of Carlyle controlled companies within two years of the private equity firm taking ownership.
Bank of America coordinated the syndicated facility.Private ...