Carlyle Completes $400 Million Offering of Preferred Units
09.28.17
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Simpson Thacher represented The Carlyle Group L.P. in connection with its public offering of preferred units, consisting of 16,000,000 5.875% Series A Preferred Units representing $400 million in aggregate liquidation preference. The Preferred Units trade on the Nasdaq Global Select Market under the symbol “TCGP.” Carlyle intends to use the net proceeds from the offering for general corporate purposes, including to fund investments.
Carlyle is one of the world’s largest and most diversified multi-product global alternative asset management firms with nearly $170 billion in assets under management across 299 investment vehicles as of June 30, 2017.
The Simpson Thacher team for the transaction included Josh Bonnie, Will Golden, Jonathan Pacheco, Katharine Thompson and Mark Haddox (Capital Markets); Jeanne Annarumma and Patricia Adams (Executive Compensation and Employee Benefits); and John Creed and Jodi Schneider (Tax).