WASHINGTON--(BUSINESS WIRE)--
Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG)
today announced that its previously announced underwritten public
offering of 12,000,000 common units has been priced at $33.50 per unit.
Carlyle has granted the underwriters a 30-day option to purchase up to
an additional 1,800,000 common units. Carlyle intends to use the net
proceeds from the issuance and sale of 4,500,000 common units
(approximately $146.3 million) for general corporate purposes, including
investments in its funds as well as investment capital for acquisitions
of new fund platforms and strategies or other growth initiatives to
drive innovation across the broader Carlyle platform. Carlyle intends to
use the net proceeds from the issuance and sale of 7,500,000 common
units (approximately $244.7 million), or 9,300,000 common units
(approximately $303.5 million) if the underwriters exercise in full
their option to purchase additional common units, to purchase from
certain holders, including certain of Carlyle's directors and executive
officers, an equivalent number of outstanding Carlyle Holdings
partnership units. The offering is expected to close on March 10, 2014,
subject to satisfaction or waiver of customary closing conditions.
J.P. Morgan, Citigroup, Goldman, Sachs & Co., BofA Merrill Lynch and
Credit Suisse Securities (USA) LLC are serving as the book-running
managers and Sandler O'Neill + Partners, L.P. is serving as co-manager
for this offering. When available, copies of the prospectus relating to
the offering may be obtained from J.P. Morgan, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone
at 1-866-803-9204; Citigroup, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, by telephone at 1-800-831-9146
or emailing a request to batprospectusdept@citi.com;
Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New
York, NY 10282, (Tel: 866-471-2526), Email: prospectus-ny@ny.email.gs.com;
BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York,
New York 10038, E-mail: dg.prospectus_requests@baml.com;
and Credit Suisse Securities (USA) LLC, Attention: Credit Suisse
Prospectus Department, One Madison Avenue, New York, NY 10010, or by
telephone at 1-800-221-1037.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
The Carlyle Group L.P.
Media Contact:
Liz Gill,
+1-202-729-5385
elizabeth.gill@carlyle.com
or
Investor
Contact:
Daniel Harris, +1-212-813-4527
daniel.harris@carlyle.com
Source: The Carlyle Group L.P.
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