Blackstone Completes Senior Notes Offering

Rhea-AI Summary

Blackstone (NYSE: BX) has successfully completed its offering of $500 million in 2.550% senior notes due 2032 and $1.0 billion in 3.200% senior notes due 2052 through its subsidiary, Blackstone Holdings Finance Co. L.L.C. These notes are fully guaranteed by Blackstone and its indirect subsidiaries. The proceeds from this offering will be utilized for general corporate purposes. The notes were sold to qualified institutional buyers in the U.S. and internationally under Rule 144A and Regulation S of the Securities Act of 1933.

Positive

• Raised $1.5 billion through the offering of senior notes.
• Proceeds are earmarked for general corporate purposes, potentially enhancing operational flexibility.

Negative

• Notes have not been registered under the Securities Act of 1933, limiting their offering options.
• Potential risks associated with interest rate fluctuations affecting future financing costs.

NEW YORK--(BUSINESS WIRE)-- Blackstone (NYSE: BX) has completed its previously announced offering of $500 million of 2.550% senior notes due 2032 and $1.0 billion of 3.200% senior notes due 2052 of Blackstone Holdings Finance Co. L.L.C., its indirect subsidiary. The notes are fully and unconditionally guaranteed by Blackstone Inc. and its indirect subsidiaries Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Blackstone intends to use the proceeds from the notes offering for general corporate purposes.

The notes were offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933.

The notes have not been registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state laws.

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. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220110006005/en/

Investor and Media Relations Contacts



For Investors

Weston Tucker

Blackstone

Tel: +1 (212) 583-5231

tucker@blackstone.com



For Media

Matthew Anderson

Blackstone

Tel: +1 (212) 390-2472

Matthew.Anderson@blackstone.com

 

Source: Blackstone

FAQ

What are the details of Blackstone's recent notes offering (BX)?

Blackstone has completed a notes offering totaling $1.5 billion, consisting of $500 million in 2.550% senior notes due 2032 and $1.0 billion in 3.200% senior notes due 2052.

How will Blackstone use the proceeds from its notes offering (BX)?

The proceeds from the offering will be used for general corporate purposes.

What are the risks associated with Blackstone's notes offering (BX)?

The notes are unregistered under the Securities Act of 1933, which may limit their sale and offering options.

What are the interest rates of Blackstone's senior notes (BX)?

The senior notes have interest rates of 2.550% for the 2032 notes and 3.200% for the 2052 notes.