Company: CGABL
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001193125-25-206326
Chunk: 30

Company: Carlyle Group Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 30
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uer entitled to vote generally in the election of directors or (ii) a controlling interest 
 in one or more Credit Parties comprising all or substantially all of the assets of the Credit Group and (B) entitled to receive a Majority Economic Interest in connection with such transaction.                                                                                                                                                                                                                                        |

“Change of Control Repurchase Event” means the occurrence of a Change of Control and a Below Investment Grade Rating Event. “Continuing Carlyle Entity” means any entity that, immediately prior to and immediately following any relevant date of determination, is directly or indirectly controlled by one or more Managing Directors or other personnel of the Issuer and/or its subsidiaries who, as of any date of determination (i) each have devoted substantially all of his or her business and professional time to the activities of the Issuer and/or its subsidiaries during the 12-month periodimmediately preceding such date and (ii) directly or indirectly control a majority of the shares of common stock (or other similar interests) of the Issuer or any successor entity entitled to vote generally in the election of directors. “Fitch” means Fitch Ratings Inc. or any successor thereto. “Investment Grade” means a rating of BBB- orbetter by Fitch (or its equivalent under any successor rating categories of Fitch) and BBB- orbetter by S&P (or its equivalent under any successor rating categories of S&P) (or, in each case, if such Rating Agency ceases to rate the notes for reasons outside of the Issuer’s control, the equivalent investment grade credit rating from any Rating Agency selected by the Issuer as a replacement Rating Agency). S-23

“Majority Economic Interest” means any right or entitlement to receive more than 50% of the equity distributions or partner allocations (whether such right or entitlement results from the ownership of partner or other equity interests, securities, instruments or agreements of any kind) made to all holders of partner or other equity interests in the Credit Group (other than entities within the Credit Group). “Rating Agency” means:

| • |     | each of Fitch and S&P; and |

| • |     | if either of Fitch or S&P ceases to rate the notes or fails to make a rating of the notes publicly available                                                                                                               
 for reasons outside of the Issuer’s control, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) the Exchange Act selected by the Issuer as a replacement agency for Fitch or 
 S&P, or both,