CGABL

The Carlyle Group Inc. CGABL represents 4.625% subordinated notes due 2061 issued by The Carlyle Group Inc. These subordinated notes are debt securities that rank junior to the company's senior indebtedness in the event of bankruptcy or liquidation. The notes pay fixed interest at an annual rate of 4.625% and have a long-dated maturity extending to 2061, making them a form of long-term financing for Carlyle. As subordinated debt, CGABL noteholders have a claim on Carlyle's assets that is subordinate to senior creditors but senior to equity holders. These notes may be callable by Carlyle under certain conditions specified in the indenture. The securities are designed to provide long-term capital to support Carlyle's operations as a global alternative asset manager while offering investors a fixed-income instrument with a defined coupon rate. The subordinated nature and long maturity profile reflect these notes' role in Carlyle's capital structure as a form of junior debt financing.