Company: CGABL
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001193125-25-206326
Chunk: 22

Company: Carlyle Group Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 22
---
 of this limitation, a Guarantor’s obligation under its Note Guarantee could be significantly less than amounts payable with respect to the notes or a Guarantor may have effectively no obligation under its Note Guarantee. The Note Guarantee of a Guarantor will terminate if:

| • |     | such Guarantor is sold or disposed of (whether by merger, consolidation or the sale of all or substantially all                                                                                                                             
 of its assets) to an entity that is not required to become a Guarantor, if such sale or disposition is otherwise in compliance with the Indenture, including the covenant described below under “—Consolidation, Merger, Sale of Assets and 
 Other Transactions,”                                                                                                                                                                                                                        |

| • |     | such Guarantor is designated a Non-Guarantor Entity in accordance with 
 the Indenture, or                                                      |

| • |     | the Issuer effects a defeasance or discharge of the notes, as provided below under “—Defeasance and 
 Covenant Defeasance.”                                                                               |

“New Carlyle Entity” means any subsidiary (other than a directly or indirectly wholly owned subsidiary) of the Issuer other than (i) a then-existing Guarantor, (ii) any Person in which the Issuer directly or indirectly owns its interest through one or more then-existing Guarantors or (iii) any Person through which the Issuer directly or indirectly owns its interests in one or more then-existing Guarantors. “Non-GuarantorEntity” means any Person designated by the Issuer as such in accordance with the Indenture. The Indenture will provide that the Issuer may designate any Person as a Non-GuarantorEntity if (1) such Person is directly or indirectly wholly owned by one or more Credit Parties or (2) such Person, together with all then-existing Non-GuarantorEntities designated pursuant to this clause (2) on a combined and consolidated basis and taken as a whole, would not constitute a “significant subsidiary” (as such term is defined in Rule 1-02(w)of Regulation S-Xunder the Securities Act or any successor provision) of the Issuer (the foregoing, the “Non-GuarantorLimitation”). The Issuer may also, from time to time, remove the designation of any Person as a Non-GuarantorEntity and must remove the designation as to one or more Non-GuarantorEntities designated pursuant to clause (2) of the immediately preceding sentence to the extent as of the end of any fiscal quarter such Non-Guarantor