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Global alternative asset manager The Carlyle Group L.P.
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.
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