QUANTUMONLINE.COM SECURITY DESCRIPTION: Carlyle Finance L.L.C. 4.625% Subordinated Notes due 2061, issued in $25 denominations, guaranteed by The Carlyle Group Inc. (NGS: CG) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 05/15/2026 at $25 per share plus accrued and unpaid dividends, and maturing 05/15/2061. Interest distributions of 4.625% per annum ($1.15625 per annum or $0.2890625 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date that will be 2/1, 5/1, 8/1 & 11/1 (NOTE: the ex-dividend date is one business day prior to the record date).
Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders.
This security is possibly subject to an early call before 05/15/2026 at $25.00 (100%) of their principal amount plus accrued and unpaid interest within 120 days of a tax event; before 09/15/2026 at $25.50 (102%) of their principal amount plus accrued and unpaid interest within 120 days of the occurrence of a rating agency event (see prospectus for further information).
This security was NOT rated by Moody’s and BBB- by S&P at the date of its IPO. This security was rated as BBB- by the Fitch Ratings Co. at the date of its IPO. The Notes are unsecured, subordinated obligations of the company and will rank junior to the company's senior debt, equally with all existing and future unsecured, subordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
