CORRECTED-Carlyle, GIC’s cold feet on Amex travel buy casts doubt on US$1.1bn loan
May 13, 2020 at 15:44 PM EDT
NEW YORK, May 12 (LPC) - A US$1.1bn leveraged loan partially supporting the Carlyle Group and Singaporean sovereign wealth fund GIC Pte Ltd’s purchase of a 20% stake in American Express Global Business Travel (Amex GBT) has been called into question as the investors look to walk away from the transaction.
