Company: CGABL
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001193125-25-206326
Chunk: 31

Company: Carlyle Group Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 31
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 as the case may be.                                                                                                                                                                                          |

“S&P” means Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc., or any successor thereto. Optional Redemption of the Notes Prior to June 19, 2035 (three months prior to the maturity date of the notes) (the “Par Call Date”), the notes will be redeemable in whole or in part, at the Issuer’s option at any time and from time to time, at a redemption price equal to the greater of:

| (1) | 100% of the principal amount of any notes being redeemed, and |

| (2) | (a) the sum of the present values of the remaining scheduled payments of principal and interest on any notes                                                           
 being redeemed discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 20 basis 
 points, less (b) interest accrued to the date of redemption,                                                                                                           |

plus, in either case, accrued and unpaid interest on the principal amount of the notes being redeemed to, but excluding, the redemption date. On or after the Par Call Date , the notes may be redeemed in whole or in part, at the Issuer’s option at any time and from time to time, at a redemption price equal to 100% of the principal amount of any notes being redeemed plus accrued and unpaid interest thereon to, but excluding, the date of redemption. “Treasury Rate” means, with respect to any redemption date, the yield determined by the Issuer in accordance with the following two paragraphs. The Treasury Rate shall be determined by the Issuer after 4:15 p.m., New York City time (or after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third business day preceding the redemption date based upon the yield or yields for the most recent day that appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily)—H.15” (or any successor designation or publication) (“H.15”) under the caption “U.S. government securities–Treasury constant maturities–Nominal” (or any successor caption or heading) (“H.15 TCM”). In determining the Treasury Rate, the Issuer shall select, as applicable: (1) the yield