Carlyle and KKR Offload $1 Billion in Asset-Backed Securities Linked to Discover Financial Loans
2 months ago
In a significant financial maneuver, leading private equity firms Carlyle Group Inc. and KKR & Co. have announced the sale of $1 billion in asset-backed securities (ABS) associated with a loan portfolio held by Discover Financial Services. This deal represents a strategic move amidst evolving market conditions and highlights the ongoing appetite for securitization in the financial sector.
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Tesla Secures $783 Million Through Prime Auto Lease-Backed Debt Offering
7 months ago
In a significant financial maneuver, Tesla has successfully raised $783 million by issuing a new tranche of secured notes backed by auto leases. This move marks a notable step in the company's ongoing strategy to diversify its funding sources while taking advantage of the growing demand for its electric vehicles (EVs).
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