Carlyle Announces Senior Notes Offering

Rhea-AI Summary

Carlyle (NASDAQ: CG), a global investment firm, has announced its intention to offer senior notes, subject to market conditions. The notes will be guaranteed by several Carlyle subsidiaries including Carlyle Holdings I L.P., Carlyle Holdings II L.L.C., Carlyle Holdings III L.P., and CG Subsidiary Holdings L.L.C.

The company plans to use the proceeds for general corporate purposes. The offering is being managed by major financial institutions including Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities as joint book-running managers. Carlyle currently manages $465 billion in assets across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest, with over 2,300 employees in 27 offices globally.

Positive

• Strong institutional backing with five major financial institutions as joint book-running managers
• Substantial assets under management of $465 billion as of June 30, 2025
• Broad global presence with 2,300 employees across 27 offices in four continents

Negative

• Additional debt burden through new senior notes offering
• Non-specific use of proceeds designated only for 'general corporate purposes'

News Market Reaction

+0.27%

1 alert

+0.27% News Effect

On the day this news was published, CG gained 0.27%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

WASHINGTON, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Global investment firm Carlyle (NASDAQ: CG) today announced its intention to offer, subject to market and other conditions, senior notes. The notes will be fully and unconditionally guaranteed by Carlyle’s indirect subsidiaries Carlyle Holdings I L.P., Carlyle Holdings II L.L.C., Carlyle Holdings III L.P., and CG Subsidiary Holdings L.L.C. Carlyle intends to use the net proceeds from the sale of the notes for general corporate purposes.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC , J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo 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. 333-270745) 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: Citigroup Global Markets Inc., telephone: 1-800-831-9146, email: prospectus@citi.com; Goldman Sachs & Co. LLC, telephone: 1-866-471-2526; J.P. Morgan Securities LLC, telephone: 1-212-834-4533; Morgan Stanley & Co. LLC, telephone: 1-866-718-1649; and Wells Fargo Securities, LLC, telephone: 1-800-645-3751.

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 Carlyle

Carlyle (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 Carlyle AlpInvest. With $465 billion of assets under management as of June 30, 2025, 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. Carlyle employs more than 2,300 people in 27 offices across four continents.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions and statements that are not historical facts, including our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, contingencies, and our dividend policy. 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 in this press release and under the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (“SEC”) on February 27, 2025, 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 press release and in our other periodic 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 press 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
Brittany Bensaull
Phone: +1 (212) 813-4839
brittany.bensaull@carlyle.com       

OR

Kristen Ashton
Phone: +1 (212) 813-4763
kristen.ashton@carlyle.com

FAQ

What is the purpose of Carlyle's (CG) senior notes offering in September 2025?

Carlyle announced it will offer senior notes to raise capital for general corporate purposes. The notes will be guaranteed by several Carlyle subsidiaries.

How much assets under management does Carlyle (CG) have in 2025?

As of June 30, 2025, Carlyle manages $465 billion in assets across Global Private Equity, Global Credit, and Carlyle AlpInvest segments.

Which banks are managing Carlyle's 2025 senior notes offering?

The offering is being managed by Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities as joint book-running managers.

What are Carlyle's business segments in 2025?

Carlyle operates across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest.

How will the senior notes offering affect Carlyle shareholders?

The senior notes offering will increase Carlyle's debt obligations, but provides additional capital for corporate purposes. The notes are guaranteed by multiple Carlyle subsidiaries.