Carlyle priced $800 million in senior notes, due 2035, to fund general corporate purposes, closing expected on September 19, 2025.
Quiver AI Summary
Carlyle Group, a global investment firm, has announced the pricing of its $800 million offering of 5.050% senior notes due in 2035, which will be guaranteed by its subsidiaries. The offering is set to close on September 19, 2025, pending customary conditions, and the proceeds will be used for general corporate purposes. Major financial institutions, including Citigroup, Goldman Sachs, and J.P. Morgan, are acting as joint book-running managers for the offering, which is registered with the SEC. Carlyle manages $465 billion in assets and operates across various sectors including private equity and credit. This press release includes forward-looking statements and does not constitute an offer or solicitation for the notes.
Potential Positives
- Carlyle successfully priced an $800 million offering of senior notes, indicating strong market demand and confidence in the firm's financial stability.
- The backing of the notes by Carlyle's indirect subsidiaries enhances the creditworthiness of the issuance, potentially leading to favorable interest rates and investor interest.
- The proceeds from the offering are intended for general corporate purposes, which may provide Carlyle with flexibility to strengthen its operations and pursue investments.
- The engagement of major financial institutions as joint book-running managers highlights Carlyle's strong relationships within the financial sector, potentially bolstering its reputation and market position.
Potential Negatives
- The company is taking on significant debt by issuing $800 million in senior notes, which could impact its financial stability and credit rating.
- The use of proceeds for "general corporate purposes" may raise concerns among investors about specific business strategies or investments.
- The absence of detailed information about how the funds will be utilized could lead to skepticism regarding the company's transparency and fiscal responsibility.
FAQ
What is Carlyle's recent offering amount?
Carlyle recently priced its offering at $800 million in senior notes due 2035.
When is the expected closing date for the offering?
The offering is expected to close on September 19, 2025, subject to customary conditions.
What will Carlyle use the proceeds from the notes for?
Carlyle intends to use the net proceeds from the sale of the notes for general corporate purposes.
Who are the joint book-running managers for this offering?
The joint book-running managers include Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley, and Wells Fargo.
Where can I find the prospectus for the offering?
The prospectus supplement and accompanying prospectus can be found on the SEC's website at www.sec.gov.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CG Congressional Stock Trading
Members of Congress have traded $CG stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $CG stock by members of Congress over the last 6 months:
- REPRESENTATIVE JEFFERSON SHREVE has traded it 3 times. They made 1 purchase worth up to $100,000 on 04/07 and 2 sales worth up to $150,000 on 05/12, 04/17.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$CG Insider Trading Activity
$CG insiders have traded $CG stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $CG stock by insiders over the last 6 months:
- JEFFREY W. FERGUSON (General Counsel) has made 0 purchases and 4 sales selling 300,000 shares for an estimated $19,088,342.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CG Hedge Fund Activity
We have seen 319 institutional investors add shares of $CG stock to their portfolio, and 278 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VULCAN VALUE PARTNERS, LLC removed 5,180,438 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $266,274,513
- MILLENNIUM MANAGEMENT LLC removed 4,899,617 shares (-71.1%) from their portfolio in Q2 2025, for an estimated $251,840,313
- ROYAL BANK OF CANADA added 2,987,472 shares (+915.8%) to their portfolio in Q2 2025, for an estimated $153,556,060
- HARRIS ASSOCIATES L P added 2,528,941 shares (+28.8%) to their portfolio in Q2 2025, for an estimated $129,987,567
- CAPITAL WORLD INVESTORS added 2,240,249 shares (+12.6%) to their portfolio in Q2 2025, for an estimated $115,148,798
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC removed 2,222,023 shares (-18.3%) from their portfolio in Q2 2025, for an estimated $114,211,982
- BLACKROCK, INC. added 2,180,564 shares (+7.5%) to their portfolio in Q2 2025, for an estimated $112,080,989
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$CG Analyst Ratings
Wall Street analysts have issued reports on $CG in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- JMP Securities issued a "Market Outperform" rating on 08/14/2025
- Barclays issued a "Overweight" rating on 08/07/2025
- B of A Securities issued a "Underperform" rating on 04/04/2025
To track analyst ratings and price targets for $CG, check out Quiver Quantitative's $CG forecast page.
$CG Price Targets
Multiple analysts have issued price targets for $CG recently. We have seen 12 analysts offer price targets for $CG in the last 6 months, with a median target of $59.5.
Here are some recent targets:
- Michael Siperco from RBC Capital set a target price of $14.0 on 09/10/2025
- Brian McKenna from JMP Securities set a target price of $75.0 on 08/14/2025
- Gerald O'Hara from Jefferies set a target price of $66.0 on 08/13/2025
- Benjamin Budish from Barclays set a target price of $74.0 on 08/07/2025
- Michael Brown from Wells Fargo set a target price of $61.0 on 07/11/2025
- Christopher Allen from Citigroup set a target price of $65.0 on 07/10/2025
- Glenn Schorr from Evercore ISI Group set a target price of $58.0 on 07/10/2025
Full Release
WASHINGTON, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Global investment firm Carlyle (NASDAQ: CG) priced its offering of $800 million aggregate principal amount of 5.050% senior notes due 2035. The notes will be fully and unconditionally guaranteed by Carlyle’s indirect subsidiaries Carlyle Holdings I L.P., Carlyle Holdings II L.L.C., Carlyle Holdings III L.P., and CG Subsidiary Holdings L.L.C. The offering is expected to close on September 19, 2025, subject to customary closing conditions. Carlyle intends to use the net proceeds from the sale of the notes for general corporate purposes.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
The offering is being made pursuant to an effective shelf registration statement, as amended (Registration No. 333-270745) on file with the U.S. Securities and Exchange Commission (the “SEC”). The offering is being made by means of a prospectus and related prospectus supplement only. An electronic copy of the prospectus supplement, together with the accompanying prospectus, is available on the SEC’s website at www.sec.gov . Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained by contacting the joint book-running managers: Citigroup Global Markets Inc., telephone: 1-800-831-9146, email: [email protected]; Goldman Sachs & Co. LLC, telephone: 1-866-471-2526; J.P. Morgan Securities LLC, telephone: 1-212-834-4533; Morgan Stanley & Co. LLC, telephone: 1-866-718-1649; and Wells Fargo Securities, LLC, telephone: 1-800-645-3751.
This press 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.
About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $465 billion of assets under management as of June 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,300 people in 27 offices across four continents. Further information is available at www.carlyle.com . Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions and statements that are not historical facts, including our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, contingencies, and our dividend policy. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks, uncertainties, and assumptions. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements including, but not limited to, those described in this press release and under the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (“SEC”) on February 27, 2025, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our other periodic filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as required by applicable law
This press release does not constitute an offer for any Carlyle fund.
Contacts:
Public Market Investor Relations
Daniel Harris
Phone: +1 (212) 813-4527
[email protected]
Media
Brittany Bensaull
Phone: +1 (212) 813-4839
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OR
Kristen Ashton
Phone: +1 (212) 813-4763
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