Blackstone to Offer Senior Notes

Rhea-AI Summary

Blackstone (NYSE: BX) announced plans to offer senior notes through its subsidiary, Blackstone Holdings Finance Co. L.L.C. The notes will be guaranteed by Blackstone and its indirect subsidiaries. Proceeds from the offering will be used for general corporate purposes. The notes are intended for sale to qualified institutional buyers under Rule 144A in the U.S. and outside the U.S. under Regulation S. These notes have not been registered under the Securities Act of 1933 and cannot be sold without registration or an exemption.

Positive

• Blackstone is raising capital through senior notes, indicating potential growth opportunities.
• Proceeds from the offering will be allocated for general corporate purposes, suggesting strategic financial management.

Negative

• The notes are unregistered under the Securities Act, limiting immediate market access.
• There is no specific use of funds disclosed, leaving uncertainty regarding investment priorities.

NEW YORK--(BUSINESS WIRE)-- Blackstone (NYSE: BX) today announced its intention to offer, subject to market and other conditions, senior notes 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 will be 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/20221031005401/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 Blackstone's latest announcement regarding senior notes?

Blackstone announced plans to offer senior notes through its subsidiary, with proceeds for general corporate purposes.

Who guarantees Blackstone's senior notes?

The senior notes are fully guaranteed by Blackstone and its indirect subsidiaries.

What regulatory framework applies to Blackstone's senior notes offering?

The offering is being conducted under Rule 144A in the U.S. and Regulation S outside the U.S.

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

The proceeds will be used for general corporate purposes.

Are Blackstone's senior notes registered under the Securities Act?

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