Carlyle Finance Subsidiary L.L.C.’s $425 Million Senior Notes Offering and Related Redemption of Its Preferred Units

Simpson Thacher advised Carlyle on the issuance and sale by Carlyle Finance Subsidiary L.L.C., an indirect finance subsidiary of The Carlyle Group L.P., of $425 million aggregate principal amount of 3.5% Senior Notes due 2029.

The notes are guaranteed by The Carlyle Group L.P., Carlyle Holdings I L.P., Carlyle Holdings II L.P. and Carlyle Holdings III L.P. Carlyle used the net proceeds from the offering to redeem all of its outstanding 5.875% Series A Preferred Units.

The Carlyle Group LP operates as a diversified multi-product global alternative asset management firm. The Company advises investment funds and other investment vehicles that invest across a range of industries, geographies, asset classes, and investment strategies across business segments.

The Simpson Thacher team included Josh Bonnie (Picture), Will Golden, Jon Pacheco, Patrick McCamy and Jesse Schulman (Capital Markets – D.C.); and Jon Cantor (Tax).

Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; Joshua Ford Bonnie – Simpson Thacher & Bartlett; William Golden – Simpson Thacher & Bartlett; Patrick McCamy – Simpson Thacher & Bartlett; Jonathan Pacheco – Simpson Thacher & Bartlett; Jesse Schulman – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Carlyle Group;