It includes euro- and dollar-denominated seven-year notes, with the euro tranche marketed in the low 7% range and the dollar tranche in the low 8% range.
The sale marks the latest step in funding the buyout, tapping high-yield markets to support the coatings business acquisition amid private discussions on final terms.
Will Carlyle's €7.7B bet on auto paint pay off, or will high-interest debt cripple the newly independent company?
In a market fearing recession, why are investors funding a multi-billion-dollar buyout in the cyclical auto industry?
Can a PE-backed spinoff out-innovate giants in the race for next-generation EV and smart coatings technology?