Carlyle Completes $350 Million Senior Notes Offering and Related Tender Offer
10.05.18
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Simpson Thacher recently advised Carlyle on the issuance and sale by Carlyle Finance L.L.C., an indirect finance subsidiary of The Carlyle Group L.P., of $350 million aggregate principal amount of 5.65% Senior Notes due 2048. 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 repay outstanding indebtedness pursuant to a cash tender offer to purchase up to $250 million in aggregate principal amount of its 3.875% Senior Notes due 2023 and its promissory note due January 1, 2022 issued in connection with its strategic investment in NGP Energy Capital Management.
Carlyle is one of the world’s largest and most diversified multi-product global alternative asset management firms with $210 billion in assets under management across 335 investment vehicles as of June 30, 2018.
The Simpson Thacher team for the transaction included Josh Bonnie, Will Golden, Jon Pacheco, Natalie Karam and Hilary Albrecht (D.C. – Capital Markets); and Jon Cantor and Jodi Schneider (Tax).