The Carlyle Group 4.625% Subordinated Notes due 2061 (CGABL) Stock Price, News & Analysis

CGABL is the trading symbol for the 4.625% Subordinated Notes due 2061 of Carlyle Finance L.L.C., which are listed on the Nasdaq Global Select Market. These notes are associated with The Carlyle Group Inc., as disclosed in the company’s SEC filings. The notes represent a specific class of debt securities rather than common equity, so CGABL reflects the market for this particular subordinated note issuance.

According to an SEC filing by The Carlyle Group Inc., securities registered under Section 12(b) of the Exchange Act include the company’s common stock under the symbol CG and the 4.625% Subordinated Notes due 2061 of Carlyle Finance L.L.C. under the symbol CGABL, both on the Nasdaq Global Select Market. This filing confirms that CGABL is an exchange-traded debt instrument tied to The Carlyle Group Inc. capital structure.

The same filing describes The Carlyle Group Inc. as the issuer in connection with other senior notes and identifies various indirect subsidiaries, including Carlyle Holdings I L.P., Carlyle Holdings II L.L.C., CG Subsidiary Holdings L.L.C. and Carlyle Holdings III L.P., that act as guarantors for certain obligations. While that filing focuses on a different senior notes issuance, it provides context that The Carlyle Group Inc. uses debt securities, including notes listed under separate symbols, as part of its financing activities.

CGABL as an Exchange-Listed Note

The 4.625% Subordinated Notes due 2061 of Carlyle Finance L.L.C. are registered and traded as a distinct class of securities. The SEC registration table in the referenced filing shows that these notes are listed on the Nasdaq Global Select Market, which allows investors to trade them in a similar manner to listed equity, while recognizing that they are debt obligations with their own terms and risk profile.

The filing also highlights the use of indentures and supplemental indentures for note issuances by The Carlyle Group Inc. and its subsidiaries. These legal agreements set out terms such as interest rate, maturity, redemption provisions, covenants, and events of default for the relevant notes. Although the detailed terms described in the filing relate to a separate 5.050% Senior Notes due 2035 issuance, they illustrate the type of documentation and structure that typically governs note securities associated with The Carlyle Group Inc.

Relationship to The Carlyle Group Inc.

The SEC filing identifies The Carlyle Group Inc. as the registrant and lists both its common stock and the 4.625% Subordinated Notes due 2061 of Carlyle Finance L.L.C. in the same registration table. This indicates that CGABL is part of the broader group of securities connected to The Carlyle Group Inc. and its financing arrangements through affiliated entities.

The filing further notes that The Carlyle Group Inc. and certain indirect subsidiaries entered into a base indenture and a first supplemental indenture with a trustee in connection with a separate note issuance. These details show that the group uses trust indentures and guarantees by subsidiaries to support its debt securities. While the specific economic terms differ by security, CGABL fits within this overall framework of exchange-listed notes associated with The Carlyle Group Inc.

Use of Indentures and Covenants

In the referenced 8-K, The Carlyle Group Inc. describes an indenture that includes covenants limiting, subject to exceptions, the ability of the issuer and guarantors to merge, consolidate or sell, transfer or lease assets and create liens on assets. It also sets out events of default and the rights of the trustee or holders to declare notes due and payable. These features illustrate the type of protections and conditions that can apply to notes issued by The Carlyle Group Inc. and related entities, and they provide context for understanding how exchange-listed notes like CGABL may be structured under their own governing documents.

Evergreen Perspective on CGABL

From an evergreen perspective, CGABL represents a long-dated subordinated note security of Carlyle Finance L.L.C., listed on the Nasdaq Global Select Market and associated with The Carlyle Group Inc. as reflected in SEC registration information. Investors researching CGABL are examining a specific fixed-income instrument whose terms are defined in its own indenture and related filings, and which sits within the broader capital markets activities of The Carlyle Group Inc. and its subsidiaries.