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Sidley says it advised Carlyle on a $7.7 billion Truist loan portfolio acquisition
Sidley said it represented Carlyle’s Global Credit platform on a definitive agreement to acquire approximately $7.7 billion in unsecured personal loans from Truist. The firm said the portfolio primarily comprises fixed-rate, fully amortizing loans to super-prime and prime borrowers, with closing expected in the fourth quarter of 2026.
Key points
- Sidley said completion remains subject to customary closing conditions.Sidley
- The firm said Alistair Dunlop and Thomas Kearney led its global finance team.Sidley
- Sidley named Robert Kreitman and Morgan Ross as tax advisers and Azad Assadipour and Michael Kalan as derivatives advisers.Sidley
- The firm said Sean Smith and Kerry Nilsen advised on banking, payments and fintech matters.Sidley