Carlyle affiliate fails to make margin payments |
| MarketWatch - Mar 6, 2008 |
Carlyle Capital Corp. has failed to meet margin calls from four counterparties and has already received one notice of default, the investment fund managed by private-equity giant Carlyle Group said Thursday.
Carlyle Capital , based in Guernsey, the Channel Islands, and listed in Amsterdam, said that it received margin calls from seven of its 13 counterparties on March 5 totaling more than $37 million.
"The company has met margin calls from three of these financing counterparties that have indicated a willingness to work with the company during these tumultuous times, but did not meet the margin requirements of the four other repo financing counterparties," it said in a statement.
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- Posted: 2008-03-06 09:52:11
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