The Carlyle Group completes US$435 million subordinated notes offering

11 May 2021

On May 11, 2021, global investment firm The Carlyle Group L.P. (NASDAQ: CG) ("Carlyle") sold $400 million aggregate principal amount of 4.625% subordinated notes due 2061 issued by Carlyle Finance L.L.C., its indirect subsidiary. On May 17, 2021, the underwriters exercised their Green Shoe option and purchased an additional US$35 million of subordinated notes.

The notes are 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.

Gowling WLG was Québec counsel to Carlyle Holdings III L.P. and to Carlyle Holdings III GP L.P., the General Partner of the Québec Guarantor, 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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