The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ: CGABL) are unsecured, subordinated debt securities issued by The Carlyle Group Inc. These notes carry a fixed interest rate of 4.625% per annum, payable semi-annually on March 15 and September 15. They mature on March 15, 2061, and rank junior to Carlyle’s senior indebtedness but senior to its equity interests.
The notes were issued under a senior subordinated indenture and are subject to the terms and covenants set forth therein. As subordinated obligations, they do not enjoy collateral backing and are structurally junior to the company’s secured and unsubordinated debt. Holders have the benefit of pari passu ranking with other subordinated debt of similar standing.
The issuer, The Carlyle Group Inc., is a global investment firm founded in 1987 and headquartered in Washington, D.C. Carlyle manages a diversified portfolio of alternative assets across private equity, credit, real estate and infrastructure. With offices across North America, Europe, Asia and the Middle East, the firm serves pension funds, sovereign wealth funds, endowments and other institutional investors. Since October 2020, Carlyle has been led by Co-Chief Executive Officer Kewsong Lee, who oversees global investment strategies and corporate operations.
Proceeds from the CGABL offering were allocated to general corporate purposes, including refinancing existing indebtedness, supporting strategic initiatives and maintaining financial flexibility. The notes are listed on the Nasdaq Global Select Market and provide fixed-income investors access to Carlyle’s capital structure through a long-dated, subordinated instrument.
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