Bulletin: The Carlyle Group L.P. Preferred Ratings Discontinued After Redemption

NEW YORK (S&P Global Ratings) Oct. 8, 2019--S&P Global Ratings said today that it has discontinued its 'BBB-' preferred ratings on The Carlyle Group L.P. following the redemption of its preferred stock series A on Oct. 7, 2019. Carlyle used the proceeds from its recent debt offering to redeem all of its outstanding $400 million 5.875% series A preferred units (issued in September 2017) and to pay any related fees and expenses pursuant to the tax redemption provisions of the preferred units in connection with the company's previously announced pending conversion to a C-corporation.

...October 8, 2019 NEW YORK (S&P Global Ratings) Oct. 8, 2019--S&P Global Ratings said today that it has discontinued its '###-' preferred ratings on The Carlyle Group L.P. following the redemption of its preferred stock series A on Oct. 7, 2019. Carlyle used the proceeds from its recent debt offering to redeem all of its outstanding $400 million 5.875% series A preferred units (issued in September 2017) and to pay any related fees and expenses pursuant to the tax redemption provisions of the preferred units in connection with the company's previously announced pending conversion to a C-corporation....

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