Carlyle Prices $425 Million Senior Notes Offering
September 05 2019 - 5:12PM
Global investment firm The Carlyle Group L.P. (NASDAQ: CG)
(“Carlyle”) priced its offering of $425 million of 3.500% senior
notes due 2029 of Carlyle Finance Subsidiary L.L.C., its indirect
subsidiary. The notes will be fully and unconditionally guaranteed
by The Carlyle Group L.P. and its indirect subsidiaries Carlyle
Holdings I L.P., Carlyle Holdings II L.P. and Carlyle Holdings III
L.P. Carlyle intends to use the net proceeds from the sale of the
notes to redeem all of the outstanding 5.875% Series A Preferred
Units (the “Preferred Units”) of The Carlyle Group L.P. and the
remaining proceeds, if any, will be used for general corporate
purposes. Following the pricing of the offering, Carlyle issued a
conditional redemption notice pursuant to the tax redemption
provisions of the Preferred Units to redeem them in full on October
7, 2019 at a redemption price per unit of $25.339757, which is
equal to $25.25 per Preferred Unit plus declared and unpaid
distributions to, but excluding, the redemption date.
Redemption of the Preferred Units is subject to a financing
condition that the successful closing of the offering would
satisfy.
The notes will be offered and sold to qualified institutional
buyers in the United States pursuant to Rule 144A and outside the
United States pursuant to Regulation S under the Securities Act of
1933.
The notes have not been registered under the Securities Act of
1933 or any state securities laws and may not be offered or sold in
the United States absent registration or an applicable exemption
from the registration requirements of the Securities Act of 1933
and applicable state laws.
This news 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. This news release is being issued
pursuant to and in accordance with Rule 135c under the Securities
Act of 1933.
Media Contact:Leigh Farris+1 (212)
813-4815leigh.farris@carlyle.com
Investor Contact:Daniel Harris+1 (212)
813-4527daniel.harris@carlyle.com
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