WASHINGTON--(BUSINESS WIRE)--
Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG)
today announced its intention to offer, subject to market and other
conditions, senior notes of Carlyle Holdings Finance L.L.C., its
indirect subsidiary. The notes will be fully and unconditionally
guaranteed by The Carlyle Group L.P. and its indirect subsidiaries,
Carlyle Holdings I L.P., Carlyle Holdings II L.P. and Carlyle Holdings
III L.P. Carlyle intends to use a portion of the net proceeds from the
sale of the notes to repay outstanding borrowings under the revolving
credit facility of its senior credit facility, a portion of which
borrowings were used, together with cash on hand, to fund the cash
consideration paid in connection with the initial closing of its
acquisition of interests in NGP Management Company, L.L.C. Any remaining
net proceeds will be used for general corporate purposes, including the
prepayment of the initial amortization amount due under its term loan.
The notes will be offered and sold to qualified institutional buyers in
the United States pursuant to Rule 144A and outside the United States
pursuant to Regulation S under the Securities Act of 1933.
The notes have not been registered under the Securities Act of 1933 or
any state securities laws and may not be offered or sold in the United
States absent registration or an applicable exemption from the
registration requirements of the Securities Act of 1933 and applicable
state laws.
This news release shall not constitute an offer to sell or a
solicitation of an offer to purchase the notes or any other securities,
and shall not constitute an offer, solicitation or sale in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful. This news release is being issued pursuant to and in
accordance with Rule 135c under the Securities Act of 1933.
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.
News Provided by Acquire Media
