Blackstone Completes Senior Notes Offering

Rhea-AI Summary

Blackstone (NYSE: BX) has successfully completed an offering of $600 million in 5.900% senior notes due 2027 and $900 million in 6.200% senior notes due 2033 through its subsidiary, Blackstone Holdings Finance Co. The notes are guaranteed by Blackstone and its indirect subsidiaries. Proceeds from the offering will be used for general corporate purposes. The notes were sold to qualified institutional buyers under Rule 144A and Regulation S without registration under the Securities Act of 1933.

Positive

• Successfully raised $1.5 billion through senior notes offering.
• Proceeds designated for general corporate purposes, indicating potential for growth or debt management.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Blackstone (NYSE: BX) has completed its previously announced offering of $600 million of 5.900% senior notes due 2027 and $900 million of 6.200% senior notes due 2033 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/20221103006310/en/

Investor and Media Relations

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 is the recent offering completion by Blackstone (BX)?

Blackstone completed a $1.5 billion offering of senior notes, consisting of $600 million due 2027 and $900 million due 2033.

What are the interest rates for Blackstone's new senior notes?

The senior notes carry interest rates of 5.900% and 6.200% for the 2027 and 2033 maturities, respectively.

What will Blackstone do with the proceeds from the notes offering?

The proceeds will be used for general corporate purposes.

How were the senior notes sold by Blackstone (BX)?

The notes were sold to qualified institutional buyers under Rule 144A and Regulation S.

Is the new offering by Blackstone (BX) registered under the Securities Act of 1933?

No, the notes have not been registered under the Securities Act of 1933 and cannot be sold without registration or an exemption.