Sidley Represents Carlyle in US$7.7 Billion Personal Loan Portfolio Acquisition from Truist

Sidley represented Carlyle in connection with its Global Credit platform’s definitive agreement to acquire an approximately US$7.7 billion portfolio of unsecured personal loans from Truist. The portfolio consists primarily of fixed-rate, fully amortizing loans to super-prime and prime borrowers. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.

The Sidley team was led by Alistair Dunlop and Thomas Kearney (Global Finance) and included T.J. Gordon, Matthew Cramer, Dominick Tarantino, Kaylee Bean, and Kayla Bakhshi (Global Finance); Robert Kreitman and Morgan Ross (Tax); Azad Assadipour and Michael Kalan (Derivatives); and Sean Smith and Kerry Nilsen (Banking, Payments and Fintech).