Blackstone Prices $1.5 Billion Senior Notes Offering

Rhea-AI Summary

Blackstone (NYSE: BX) has announced the pricing of a $600 million offering of 5.900% senior notes due 2027 and $900 million of 6.200% senior notes due 2033. These notes will be fully guaranteed by Blackstone and its subsidiaries. The proceeds from this offering are intended for general corporate purposes. The notes will be sold to qualified institutional buyers under Rule 144A and Regulation S, though they are not registered under the Securities Act of 1933 and cannot be sold in the U.S. without registration or exemption.

Positive

• Successful pricing of $1.5 billion in senior notes indicates strong market demand.
• Notes carry relatively high interest rates, enhancing potential capital acquisition.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Blackstone (NYSE: BX) priced its 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 to 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/20221031005832/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 are the details of Blackstone's recent notes offering?

Blackstone priced $600 million of 5.900% senior notes due 2027 and $900 million of 6.200% senior notes due 2033.

What is the purpose of the funds raised from Blackstone's notes offering?

The proceeds are intended for general corporate purposes.

Who guarantees the senior notes offered by Blackstone?

The notes are fully guaranteed by Blackstone and its subsidiaries.

What regulations govern the sale of Blackstone's new senior notes?

The notes are offered under Rule 144A and Regulation S of the Securities Act of 1933.

Can Blackstone's senior notes be sold in the U.S.?

No, the notes are not registered and cannot be sold in the U.S. without an exemption.