Company: CGABL
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001193125-25-206326
Chunk: 15

Company: Carlyle Group Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 15
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 a ratings downgrade resulting from such transaction. If we
were to enter into a significant corporate transaction that negatively affects the value of the notes, but would not constitute a change of control repurchase event, you would not have any rights to require the Issuer to repurchase the notes prior
to their maturity, which also would adversely affect your investment.

Redemption may adversely affect your return on the notes.

The Issuer has the right to redeem some or all of the notes prior to maturity, as described under “Description of the
Notes—Optional Redemption of the Notes.” The Issuer may redeem the notes at times when prevailing interest rates may be relatively low. Accordingly, you may not be able to reinvest the redemption proceeds in a comparable security at an
effective interest rate as high as that of the notes.

There are limited covenants and protections in the indenture.

In addition to our repurchase obligation upon the occurrence of a change of control repurchase event as described above, the indenture governing the notes has
only two restrictive covenants, including (i) a limitation on liens covenant which only limits the Issuer and the Guarantor from creating liens on their assets to secure indebtedness and (ii) a merger covenant which is intended to provide
limited protection to holders in connection with a merger or consolidation by the Issuer or any of the Guarantors or the sale of all or substantially all of the assets of the Issuer or any Guarantor. The restrictions in these covenants are limited
and may not be sufficient to protect your investment in the notes. For example, there are no financial maintenance covenants in the indenture or any limitation on the amount of unsecured indebtedness that the Issuer and the Guarantors may incur or
any limitation on the amount of indebtedness, whether secured or unsecured, that any non-guarantor subsidiaries of the Issuer may incur.

U.S. federal and state fraudulent transfer laws may permit a court to void the notes and the guarantees, subordinate claims in respect of the notes and any guarantees and require noteholders to return payments received and, if that occurs, you may not receive any payments on the notes.

Federal and state fraudulent transfer and conveyance statutes may apply to the issuance of the notes, the incurrence of any guarantees of the
notes entered into upon issuance of the notes and guarantees that may be

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entered into thereafter under the terms of the indenture governing the notes. Under applicable bankruptcy laws and comparable