Blackstone Prices $1.5 Billion Senior Notes Offering

Rhea-AI Summary

Blackstone (NYSE: BX) has announced the pricing of its offering of $500 million in 2.550% senior notes due 2032 and $1.0 billion in 3.200% senior notes due 2052. These notes will be guaranteed by Blackstone and its indirect subsidiaries. The proceeds will be used for general corporate purposes. The notes are offered to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S of the Securities Act of 1933. Note that these securities have not been registered and cannot be sold in the U.S. without proper registration.

Positive

• Successful pricing of $1.5 billion in senior notes, indicating strong investor demand and confidence.
• Proceeds earmarked for general corporate purposes, allowing flexibility for business operations.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Blackstone (NYSE: BX) priced its 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 will be 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/20220103005489/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 is the total amount Blackstone is raising from the senior notes offering?

Blackstone is raising a total of $1.5 billion through the offering of senior notes.

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

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

How will Blackstone use the proceeds from the notes offering?

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

What is the ticker symbol for Blackstone?

The ticker symbol for Blackstone is BX.

Are the new senior notes registered under the Securities Act of 1933?

No, the notes have not been registered under the Securities Act of 1933.