Sydney, Australia, August 22, 2025 – Global investment firm Carlyle (NASDAQ: CG) and amicaa, an Australian private credit manager, today announced they have provided an AUD240 million debt financing package to Tellus Holdings Limited (“Tellus”), a leading independent environmental services company.
Based in Western Australia, Tellus provides permanent disposal of hazardous waste at its flagship geological repository facility in Sandy Ridge in a safe and environmentally responsible way. Tellus’ Sandy Ridge facility, which commenced operations in 2021, is Australia’s only operational geological repository licensed to provide secure short- and long-term storage and isolation of hazardous and strategic materials.
The transaction was arranged by investment funds managed by Carlyle’s Global Credit platform and amicaa, its funds’ Australia and New Zealand joint venture partner. The debt financing will be used to refinance existing indebtedness and fund growth.
Taj Sidhu, Head of European and Asian Private Credit at Carlyle, and David Wood, Founder and CEO of amicaa, jointly commented: “We are pleased to provide Tellus with a flexible capital solution to support the company’s growth trajectory, and as it looks to expand its environmental services to customers across Australia. We believe this transaction underscores our ability to partner with leading private businesses operating in highly specialized, regulated, and complex sectors.”
Nate Smith, Managing Director and CEO of Tellus said: “We are committed to the safe and sustainable disposal of hazardous waste through innovation and environmental stewardship. We are grateful for the support from Carlyle and amicaa, as this financing will play an important role in enabling us to scale our business and the innovative solutions we provide to Australian companies that are looking to transition to the green economy in a safe and sustainable way.”
Carlyle’s Global Credit platform manages US$203 billion in assets, as of June 30, 2025. It regularly pursues investments in privately negotiated debt and capital solutions, partnering with high-quality sponsors and leading family or entrepreneur-owned companies.
In August 2022, Carlyle’s Global Credit platform and amicaa entered into a private credit joint venture arrangement covering opportunities in Australia and New Zealand, with a focus on corporate borrowers.
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About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Carlyle AlpInvest. With $465 billion of assets under management as of June 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,300 people in 27 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.
About amicaa
amicaa is an ANZ focus private credit and advisory business. Its investment management arm manages capital for institutional and wholesale investors seeking attractive income-oriented returns from Australian and New Zealand private debt investments into corporates. Its advisory arm provides independent advice to companies across mergers & acquisitions, joint ventures and raising capital. Further information is available at www.amicaa.co.
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