Carlyle Prices $400 Million Subordinated Notes Offering
May 04 2021 - 5:03PM
Global investment firm The Carlyle Group Inc. (NASDAQ: CG)
(“Carlyle”) priced its offering of $400 million aggregate principal
amount of 4.625% subordinated notes due 2061 issued by Carlyle
Finance L.L.C., its indirect subsidiary. Carlyle also granted the
underwriters an option to purchase up to an additional $60 million
aggregate principal amount of notes within 30 days from the date
hereof. The notes will be fully and unconditionally guaranteed by
Carlyle and its indirect subsidiaries Carlyle Holdings I L.P.,
Carlyle Holdings II L.L.C., CG Subsidiary Holdings L.L.C. and
Carlyle Holdings III L.P. The offering is expected to close on May
11, 2021, subject to customary closing conditions. Carlyle intends
to use the net proceeds from the sale of the notes for general
corporate purposes.
Morgan Stanley & Co. LLC, BofA Securities,
Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC
are acting as joint book-running managers for the offering.
The offering is being made pursuant to an
effective shelf registration statement, as amended (Registration
No. 333-236397) on file with the U.S. Securities and Exchange
Commission (the “SEC”). The offering is being made by means of a
prospectus and related prospectus supplement only. An electronic
copy of the prospectus supplement, together with the accompanying
prospectus, is available on the SEC’s website at www.sec.gov.
Alternatively, copies of the prospectus supplement and accompanying
prospectus may be obtained by contacting the joint book-running
managers: Morgan Stanley & Co. LLC toll-free at 1-866-718-1649;
BofA Securities, Inc. toll-free at 1-800-294-1322; Citigroup Global
Markets Inc. toll-free at 1-800-831-9146 and J.P. Morgan Securities
LLC at 1-212-834-4533.
This press release shall not constitute an offer
to sell or a solicitation of an offer to purchase the notes or any
other securities, and shall not constitute an offer, solicitation
or sale in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful.
About The Carlyle Group
The Carlyle Group (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 Investment Solutions. With $260 billion of assets
under management as of March 31, 2021, 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. The Carlyle Group employs more than 1,800 people in 29
offices across five continents.
Forward-Looking Statements
This press release may contain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
These statements include, but are not limited to, statements
related to our expectations regarding the performance of our
business, our financial results, our liquidity and capital
resources, contingencies, our dividend policy, our expected future
dividend policy, the anticipated benefits from converting to a
corporation and other non-historical statements. You can identify
these forward-looking statements by the use of words such as
“outlook,” “believes,” “expects,” “potential,” “continues,” “may,”
“will,” “should,” “seeks,” “approximately,” “predicts,” “intends,”
“plans,” “estimates,” “anticipates” or the negative version of
these words or other comparable words. Such forward-looking
statements are subject to various risks, uncertainties and
assumptions. Accordingly, there are or will be important factors
that could cause actual outcomes or results to differ materially
from those indicated in these statements including, but not limited
to, those described under the section entitled “Risk Factors” in
our Annual Report on Form 10-K for the year ended
December 31, 2020 filed with the SEC on February 11, 2021, as such
factors may be updated from time to time in our periodic filings
with the SEC, which are accessible on the SEC’s website at
www.sec.gov. These factors should not be construed as exhaustive
and should be read in conjunction with the other cautionary
statements that are included in this release and in our filings
with the SEC. We undertake no obligation to publicly update or
review any forward-looking statements, whether as a result of new
information, future developments or otherwise, except as required
by applicable law.
This release does not constitute an offer for any
Carlyle fund.
Contacts:
Public Market Investor
Relations
Daniel
Harris
Phone: +1 (212)
813-4527
daniel.harris@carlyle.com
Media Leigh Farris Phone: +1
(212) 813-4815 leigh.farris@carlyle.com
OR
Brittany Berliner Phone: +1 (212) 813-4839
brittany.berliner@carlyle.com
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