Company: CGABL
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001193125-25-206326
Chunk: 14

Company: Carlyle Group Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 14
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 recommendation to buy, sell or hold securities and may be revised or withdrawn by the rating agency at any time. The Issuer may not be able to repurchase the notes upon a change of control repurchase event. Upon the occurrence of a change of control repurchase event (as defined in “Description of the Notes”), each holder of notes will have the right to require us to repurchase all or any part of such holder’s notes at a price S-12

equal to 101% of their principal amount, plus accrued and unpaid interest, if any, to, but not including, the date of repurchase. The indentures governing some of our existing notes also provide
that upon the occurrence of a change of control repurchase event, each holder has the right to require us to repurchase all or any part of such holder’s notes at a price equal to 101% of their principal amount, plus accrued and unpaid
interest, if any, to, but not including, the date of repurchase. If we experience a change of control repurchase event, we cannot assure you that we would have sufficient financial resources available to satisfy our obligations to repurchase the
notes and the existing notes. Our failure to repurchase the notes as required under the indenture governing the notes would result in a default under the indenture, which could result in defaults under our senior credit facility, the indentures
governing our existing notes and/or other indebtedness and have material adverse consequences for us and the holders of the notes.

Your
repurchase right upon a change of control repurchase event may not protect you from certain significant corporate events.

In addition,
the change of control provisions in the indenture may not protect you from certain important corporate events, such as a leveraged recapitalization (which would increase the level of our indebtedness), reorganization, restructuring, merger,
acquisitions by us, “going private” transactions by our affiliates or other similar transaction, any of which could negatively affect the value of your notes. A change of control transaction under the indenture may only occur if there is
either (i) a sale of all or substantially all of our assets or (ii) a change in the controlling interest in our business coupled with the acquisition by a third-party of an entitlement to receive more than 50% of our equity distributions
or partner allocations. For a change of control repurchase event to occur there must be not only a change of control transaction as defined in the indenture governing the notes, but also