Carlyle Global Credit led the refinancing in support of American Industrial Partners’ portfolio company The Carlstar Group.

Founded in 1917, Carlstar is a manufacturer of specialty tires and wheels with more than 7,500 products that the company sells to original equipment manufacturers and aftermarket customers.

Carlyle acted as administrative agent, sole lead arranger, and sole bookrunner on the $275 million hybrid ABL and cash flow senior secured credit facilities. Financial terms of the transaction included portability provisions.