Blackstone to Offer Senior Notes

Rhea-AI Summary

Blackstone (NYSE: BX) has announced plans to offer senior notes through its subsidiary, Blackstone Holdings Finance Co. L.L.C., subject to market conditions. The notes will be fully guaranteed by Blackstone Inc. and its indirect subsidiaries. Proceeds from the offering will be utilized for general corporate purposes. The notes are designated for qualified institutional buyers in the U.S. and will be issued under Rule 144A and Regulation S, with no prior registration under the Securities Act of 1933 required.

Positive

• Intention to issue senior notes may strengthen the company's capital structure.
• Proceeds from the offering will be used for general corporate purposes, which can enhance operational flexibility.

Negative

• Notes not registered under the Securities Act may limit investor access.
• Potential risks associated with market conditions affecting the offering.

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 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 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/20220103005220/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 its intention to offer senior notes through its subsidiary, aiming to raise funds for general corporate purposes.

Who guarantees the senior notes offered by Blackstone?

The notes will be fully and unconditionally guaranteed by Blackstone Inc. and its indirect subsidiaries.

When will Blackstone's senior notes be offered?

The offering is subject to market and other conditions, although a specific date was not provided.

What is the intended use of proceeds from Blackstone's senior notes offering?

The proceeds will be utilized for general corporate purposes.

Are Blackstone's senior notes registered under the Securities Act of 1933?

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