FACTBOX-Key facts about investment fund Carlyle Capital

Thu Mar 13, 2008 12:00pm EDT

 March 13 (Reuters) - Carlyle Capital Corp CARC.AS, an
affiliate of U.S.-based buyout firm Carlyle Group [CYL.UL], said
late on Wednesday it has defaulted on about $16.6 billion of its
debt and its lenders would likely seize its remaining assets.
 For the latest on the Carlyle Group, click on [nL13503384].
 Following are some key facts about Carlyle Capital:
 * BASIC FACTS:
 Market Capitalisation: $55.87m
 Revenue:               $1,067.89m
 Total Assets:          $21,758.17m
 Total Liabilities:     $21,088.7m
 * Based in Britain's tax-friendly offshore dependency of
Guernsey, Carlyle Capital Corporation Limited invests in fixed
income asset classes.
 * Listed in Amsterdam's stock exchange, the closed-end
investment fund's troubles began on March 6, when it said it had
not been able to meet some margin calls and had received a
notice of default. Since the liquidity crisis in global fixed
income markets started in August, it has sold almost $1 billion
in assets to improve liquidity and reduce leverage.
 * U.S.-based buyout giant Carlyle Group negotiated with
lenders and was prepared to provide substantial additional
capital if a successful refinancing could be achieved. But a
reported further drop in the value of the mortgage-backed
securities collateral led to a further deterioration in the
situation.
 * Carlyle Capital said late on Wednesday it was unable to
meet margin calls of more than $400 million and was now in
default on about $16.6 billion of its debt, sending its shares
tumbling 70 percent to $0.83 compared with their $20 debut on
the Amsterdam bourse last July.
 * Shares of Carlyle Capital have lost about 78 percent of
their value since Feb. 29 when it said it would retain
fourth-quarter earnings and not pay a dividend to preserve the
long-term value of shareholder's equity.
 * Carlyle Group, whose managers own about 15 percent of
Carlyle Capital, has $75 billion under management and has
attracted a string of high-profile advisers including U.S.
President George Bush in the early 1990s and former British
Prime Minister John Major.
 Sources: Reuters; Carlyle Capital
 (www.carlylecapitalcorp.com/Company/item789.html)
 (Writing by Jijo Jacob; Editing by David Cowell)


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