Company: CGABL
Filing Date: 2025-05-30
Form Type: 8-K
Source: 0001527166-25-000085
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Company: Carlyle Group Inc.
Filing Date: 2025-05-30
Form: 8-K
Item: Item 2.03
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Item 2.03   Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On May 29, 2025, certain subsidiaries of The Carlyle Group Inc. (the “Company”) entered into a Third Amended and Restated 
Credit Agreement, which further amends and restates its existing Second Amended and Restated Credit Agreement, dated as of 
April 29, 2022, with the lenders thereto (listed below) and Citibank, N.A. as Administrative Agent. In connection with entering 
into the Third Amended and Restated Credit Agreement, the Company maintained the size of its revolving credit facility at $1.0 
billion. The Company currently has no amounts outstanding under the revolving credit facility. The Company has the ability to 
increase the size of its revolving credit facility (and/or incur term loans) in an aggregate amount not to exceed $250.0 million. 
The revolving credit facility will mature on May 29, 2030, which was extended from the prior maturity date of April 29, 2027. 
Principal amounts outstanding under the revolving credit facility accrue interest, at the option of the borrowers, either (a) at an 
alternate base rate plus an applicable margin not to exceed 0.50% per annum, or (b) at SOFR (or a similar benchmark for non-
US dollar borrowings) plus a 0.10% adjustment and an applicable margin not to exceed 1.50% per annum. The Company also is 
required to pay a quarterly commitment fee on the unused commitments under its revolving credit facility not to exceed 0.15% 
per annum, as well as certain customary fees for any issued letters of credit. 
The revolving credit facility is unsecured. The Company is required to maintain management fee earning assets (as defined in 
the Third Amended and Restated Credit Agreement) of at least $156.9 billion and a total leverage ratio of less than 4.0 to 1.0, in 
each case, tested on a quarterly basis. Non-compliance with any of the financial or non-financial covenants without cure or 
waiver would constitute an event of default under the Third Amended and Restated Credit Agreement. An event of default 
resulting from a breach of certain financial or non-financial covenants may result, at the option of the lenders, in an acceleration 
of