Company: CGABL
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001193125-25-206326
Chunk: 21

Company: Carlyle Group Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 21
---
 a day that is not a business day in The
City of New York, the Issuer will make the required payment of principal, premium, if any, redemption or repurchase price and/or interest on the next business day as if it were made on the date payment was due, and no interest will accrue on the
amount so payable for the period from and after that interest payment date, stated maturity date or earlier redemption or repurchase date, as the case may be, to the next business day.

As used in the Indenture, the term “business day” means any day, other than a Saturday or Sunday, that is not a day on which
banking institutions or trust companies are authorized or obligated by law, regulation or executive order to close in the place where the principal of and premium, if any, and interest on, or any repurchase or redemption price of, the notes are
payable.

Note Guarantees

The
obligations of the Issuer pursuant to the notes and the Indenture, including any repurchase obligation resulting from a Change of Control Repurchase Event (as defined below), will be fully and unconditionally guaranteed (the “Note
Guarantees”), jointly and severally by each of the Initial Guarantors and any Additional Guarantors as defined below (Additional Guarantors, if any, together with the Initial Guarantors, the “Guarantors”).

Any New Carlyle Entity as defined below (other than a Non-Guarantor Entity) must provide a Note
Guarantee, whereupon such New Carlyle Entity shall be an “Additional Guarantor.”

Initially, none of the subsidiaries of the
Issuer, other than the Initial Guarantors, will guarantee or have any obligation in respect of the notes. The Issuer and the Initial Guarantors are holding companies that hold equity interests in operating entities. The Issuer and the Initial
Guarantors depend upon funds from their respective subsidiaries to meet their obligations in respect of the notes or the Note Guarantees, as applicable. Accordingly, the credit character of the notes is comparable to debt issued by a holding
company.

Each Note Guarantee will be a general unsecured obligation of the relevant Guarantor and will be limited to the maximum amount
that would not render the Guarantor’s obligations subject to avoidance under applicable

S-18

fraudulent conveyance provisions of the United States Bankruptcy Code or any comparable provision of state law or Quebec law. By virtue