Carlyle Prices Offering Of $400 Million In Preferred Units


Global alternative asset manager The Carlyle Group L.P. (Nasdaq: CG) (“Carlyle”) today announced the pricing of a $400 million offering of 16,000,000 of its 5.875% Series A Preferred Units representing limited partner interests with a liquidation preference of $25.00 per unit. The offering is expected to close on September 13, 2017, subject to satisfaction of customary closing conditions.  

Carlyle intends to use the net proceeds from the sale of the Series A Preferred Units for general corporate purposes.

Distributions on the Series A Preferred Units, when and if declared by the board of directors of Carlyle’s general partner, will be paid quarterly and are non-cumulative.

Carlyle intends to apply to list the Series A Preferred Units on the Nasdaq under the symbol “TCGP”.

Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Securities LLC, Wells Fargo Securities, LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. Barclays Capital Inc. and Goldman Sachs & Co. LLC are acting as co-managers for the offering.

The offering of these securities is being made pursuant to an effective shelf registration statement. This offering will be made only by means of a prospectus. A copy of the prospectus, when available, may be obtained from (1) Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department, by phone at (866) 718-1649, or e-mailing: [email protected], (2) Merrill Lynch, Pierce, Fenner & Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, by phone at 1-800-294-1322 or by emailing: [email protected], (3) UBS Securities LLC, 1285 Avenue of the Americas, New York, New York 10019, Attention: Prospectus Department, by phone at (888) 827-7275, (4) Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service, by phone at 1-800-645-3751 or by emailing: [email protected] or (5) J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, by phone at (212) 834-4533.

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