Trucordia to Receive $1.3b Investment From Carlyle

Trucordia said it will receive $1.3 billion investment from Carlyle’s Global Credit platform.

• Deal values Trucordia at $5.7 billion
• “The investment from Carlyle will reduce Trucordia’s leverage, fortify our balance sheet, and enhance our financial flexibility,” said Trucordia CFO says in statement
• NOTE: Carlyle Bets $1.3 Billion on Insurance Brokerage Trucordia — WSJ

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