Blackstone Completes Senior Notes Offering

Rhea-AI Summary

Blackstone has successfully completed an offering totaling $900 million, consisting of $500 million in 1.600% senior notes due in 2031 and $400 million in 2.800% senior notes due in 2050. These notes are fully guaranteed by The Blackstone Group and its subsidiaries. The proceeds will be utilized for general corporate purposes. The notes are offered under Rule 144A and Regulation S of the Securities Act of 1933, and they remain unregistered, prohibiting sales in the U.S. without proper registration or exemption.

Positive

• Successfully raised $900 million through senior notes offering.
• Notes are fully guaranteed by The Blackstone Group and its subsidiaries.

Negative

• Notes remain unregistered under the Securities Act of 1933, restricting their offering and sale in the U.S.

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) has completed its previously announced offering of $500 million of 1.600% senior notes due 2031 and $400 million of 2.800% senior notes due 2050 of Blackstone Holdings Finance Co. L.L.C., its indirect subsidiary. The notes are fully and unconditionally guaranteed by The Blackstone Group 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.