Oak Hill Provides $775 Million Private Loan for Worldpac.

Oak Hill Advisors has provided a $775 million private credit loan to Carlyle Group Inc. to help finance its acquisition of auto parts distributor Worldpac. The loan has a pricing of 5.5 percentage points over the Secured Overnight Financing Rate. Oak Hill is in discussions to potentially sell some of the loan to limited partners. Direct lenders often provide debt financing for acquisitions made by private equity firms. Carlyle announced in August that it is acquiring Worldpac for $1.5 billion. [Extracted from the article]