Company: CGABL
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001193125-25-206326
Chunk: 8

Company: Carlyle Group Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 8
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 and the notes are             
 rated below investment grade by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. (“S&P”) and Fitch Ratings, Inc. (“Fitch”), the Issuer must offer to repurchase all                                
 outstanding notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest to, but excluding, the repurchase date. See “Description of the Notes—Offer to Repurchase Upon a Change of Control Repurchase 
 Event.”                                                                                                                                                                                                                                     |

S-7

| Ranking | The notes will be the Issuer’s unsecured and unsubordinated obligations and will: |

| • |     | rank equally in right of payment with all of its existing and future unsecured unsubordinated indebtedness, 
 liabilities and other obligations;                                                                          |

| • |     | rank senior in right of payment to all of its existing and future subordinated indebtedness; |

| • |     | be effectively subordinated in right of payment to all of its existing and future secured indebtedness, to the 
 extent of the value of the assets securing such indebtedness; and                                              |

| • |     | be structurally subordinated in right of payment to all existing and future indebtedness, liabilities and other 
 obligations of any subsidiary of the Issuer that is not a Guarantor.                                            |

| The indenture governing the notes (i) limits the Issuer’s and the Guarantors’ ability to incur secured debt, but such limits are subject to a number of exceptions and (ii) does not limit the                                  
 Issuer’s and the Guarantors’ ability to incur additional unsecured debt, and (iii) does not limit the ability of subsidiaries of the Issuer that are not Guarantors to incur additional debt, whether secured or unsecured. See 
 “Description of the Notes—Limitations on Liens.                                                                                                                                                                                 |

| Guarantors | Carlyle Holdings I L.P., Carlyle Holdings II L.L.C., Carlyle Holdings III L.P. and CG Subsidiary Holdings L.L.C. and any other entity that is required to become a guarantor of the notes as provided under “Description of the 
 Notes—Guarantees.”                                                                                                                                                                                                              |

| Guarantees | The Guarantors will fully and unconditionally guarantee payment of principal, premium, if any, and interest on the notes on a joint and several basis. The Guarantors are holding companies, and the notes are not guaranteed