The Carlyle Group completes US$425 million senior notes offering

19 September 2019

On Sept. 19, 2019, global investment firm The Carlyle Group L.P. (NASDAQ: CG) ("Carlyle") issued and sold $425 million of 3.500% senior notes due 2029 of Carlyle Finance Subsidiary L.L.C., its indirect subsidiary. The notes are fully and unconditionally guaranteed by Carlyle and its indirect subsidiaries Carlyle Holdings I L.P., Carlyle Holdings II L.P. and Carlyle Holdings III L.P.

Carlyle used the net proceeds from the sale of the notes to redeem all of the outstanding 5.875% Series A Preferred Units of the company.

Gowling WLG was Québec counsel to Carlyle and its indirect Québec subsidiaries acting as guarantors with respect to this notes offering with a team that included Pierre Lissoir (corporate finance) and Luc Lissoir (private equity and corporate).


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