Company: CGABL
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001193125-25-206326
Chunk: 24

Company: Carlyle Group Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 24
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ordinated to such subsidiary’s secured indebtedness to the extent of the value of the collateral securing such indebtedness and would be subordinated to such subsidiary’s indebtedness that is senior to that held by the Credit Parties. See “Risk Factors—Risks Relating to the Notes and the Guarantees.” Ranking The payment of the principal of, premium, if any, and interest on the notes and the payment of any Note Guarantee will:

| • |     | rank equally in right of payment with all existing and future unsecured and unsubordinated indebtedness, 
 liabilities and other obligations of the Issuer or the relevant Guarantor;                               |

| • |     | rank senior in right of payment to all existing and future subordinated indebtedness of the Issuer or the 
 relevant Guarantor;                                                                                       |

| • |     | be effectively subordinated to all existing and future secured indebtedness of the Issuer or the relevant 
 Guarantor, 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 subsidiaries of the Issuer or the relevant Guarantor.                                            |

The Indenture will not contain any limitations on the amount of additional Indebtedness that the Issuer or any of its subsidiaries may incur. Limitations on Liens The Indenture will provide that the Credit Parties will not, and will not cause or permit any of their respective subsidiaries to, create, assume, incur or guarantee any indebtedness for money borrowed that is secured by a pledge, mortgage, lien or other encumbrance (other than Permitted Liens) on any voting stock or profit participating equity interests of their respective subsidiaries (to the extent of their ownership of such voting stock or profit participating equity interests) or any entity that succeeds (whether by merger, consolidation, sale of assets or otherwise) to all or any substantial part of the business of any of such subsidiaries, without providing that the notes (together with, if the Credit Parties shall so determine, any other indebtedness of or guarantee by, the Credit Parties ranking equally with the notes and existing as of the closing of the offering of the notes or thereafter created) will be secured equally and ratably with or prior to all such other indebtedness secured by such pledge, mortgage, lien or other encumbrance on the voting stock or profit participating equity interests of any such entities for so long as such other indebted