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| Entry into a Material Definitive Agreement. |
The information required by this Item 1.01 is included in Item 2.03 and is incorporated herein by reference.
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| Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
On May 29, 2025, certain subsidiaries of The Carlyle Group Inc. (the “Company”) entered into a Third Amended and Restated
Credit Agreement, which further amends and restates its existing Second Amended and Restated Credit Agreement, dated as of
April 29, 2022, with the lenders thereto (listed below) and Citibank, N.A. as Administrative Agent. In connection with entering
into the Third Amended and Restated Credit Agreement, the Company maintained the size of its revolving credit facility at $1.0
billion. The Company currently has no amounts outstanding under the revolving credit facility. The Company has the ability to
increase the size of its revolving credit facility (and/or incur term loans) in an aggregate amount not to exceed $250.0 million.
The revolving credit facility will mature on May 29, 2030, which was extended from the prior maturity date of April 29, 2027.
Principal amounts outstanding under the revolving credit facility accrue interest, at the option of the borrowers, either (a) at an
alternate base rate plus an applicable margin not to exceed 0.50% per annum, or (b) at SOFR (or a similar benchmark for non-
US dollar borrowings) plus a 0.10% adjustment and an applicable margin not to exceed 1.50% per annum. The Company also is
required to pay a quarterly commitment fee on the unused commitments under its revolving credit facility not to exceed 0.15%
per annum, as well as certain customary fees for any issued letters of credit.
The revolving credit facility is unsecured. The Company is required to maintain management fee earning assets (as defined in
the Third Amended and Restated Credit Agreement) of at least $156.9 billion and a total leverage ratio of less than 4.0 to 1.0, in
each case, tested on a quarterly basis. Non-compliance with any of the financial or non-financial covenants without cure or
waiver would constitute an event of default under the Third Amended and Restated Credit Agreement. An event of default
resulting from a breach of certain financial or non-financial covenants may result, at the option of the lenders, in an acceleration
of the principal and interest outstanding, and a termination of the Third Amended and Restated Credit Agreement. The Third
Amended and Restated Credit Agreement also contains other customary events of default, including defaults based on events of
bankruptcy and insolvency, nonpayment of principal, interest, or fees when due, breach of specified covenants, change in
control, and material inaccuracy of representations and warranties.
Under the Third Amended and Restated Credit Agreement, Citibank N.A. and certain of its affiliates act as Joint Lead Arranger
and Bookrunner, Administrative Agent, and Lender; J.P. Morgan Chase Bank, N.A and certain of its affiliates act as Joint Lead
Arranger and Bookrunner, Syndication Agent, and Lender; BofA Securities, Inc. and certain of its affiliates act as Joint Lead
Arranger and Bookrunner; Wells Fargo Securities, LLC and certain of its affiliates act as Joint Lead Arranger and Bookrunner;
Bank of America, N.A. and certain of its affiliates act as Syndication Agent and Lender; Wells Fargo Bank, National
Association and certain of its affiliates act as Syndication Agent and Lender; and affiliates of Barclays Bank PLC, Deutsche
Bank AG, Goldman Sachs Bank USA, HSBC Bank USA, N.A., Morgan Stanley Bank, N.A., Societe Generale, and UBS AG
act as Lenders.
Certain of the lenders and/or their respective affiliates have, from time to time, performed, and may in the future perform,
various investment banking, financial advisory, lending, and other services in the ordinary course of business for the Company
and/or its affiliates, the investment funds the Company manages, and the Company’s investment funds’ portfolio companies,
for which they have received or will receive customary fees and expenses, and in some cases, customary indemnification.
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| Submission of Matters to a Vote of Security Holders. |
On May 29, 2025, the Company held its 2025 Annual Meeting of Shareholders (the “Annual Meeting”). The Company’s
shareholders considered three proposals, each of which is described in more detail in the Company’s Definitive Proxy
Statement on Schedule 14A, filed with the U.S. Securities and Exchange Commission on April 17, 2025. The final voting
results for each matter submitted to a vote of shareholders at the Annual Meeting were as follows:
