8-KOther Events

Blackstone Inc. 8-K Report, Corporate Update (Aug 14, 2009)

Filed August 14, 2009For Securities:BX

Summary

This 8-K filing from The Blackstone Group L.P. (BX) on August 13, 2009, reports on the pricing of a $600 million offering of 6.625% Senior Notes due 2019 by its indirect subsidiary, Blackstone Holdings Finance Co. L.L.C. These notes are fully and unconditionally guaranteed by several Blackstone entities, including the parent company. The proceeds are intended for general corporate purposes, indicating a strategic move to bolster liquidity or fund future initiatives during a period of economic uncertainty. Investors should note that the offering was conducted under Rule 144A and Regulation S, meaning the notes were not registered under the Securities Act of 1933 and are subject to restrictions on resale within the United States. This approach is common for institutional debt offerings. The filing signifies Blackstone's continued access to capital markets to support its operations and strategic objectives.

Key Highlights

  • 1Blackstone priced a $600 million offering of 6.625% Senior Notes due 2019.
  • 2The offering was made by indirect subsidiary Blackstone Holdings Finance Co. L.L.C.
  • 3The notes are fully and unconditionally guaranteed by The Blackstone Group L.P. and other Blackstone entities.
  • 4Net proceeds are intended for general corporate purposes.
  • 5The offering was conducted pursuant to Rule 144A and Regulation S.
  • 6The notes have not been registered under the Securities Act of 1933.
  • 7The filing was made on August 13, 2009, reporting events from August 12, 2009.

Frequently Asked Questions

This 8-K filing announces that Blackstone has priced a new offering of $600 million in Senior Notes due 2019. It serves to inform investors about this significant debt issuance and its terms.

The Senior Notes are being issued by Blackstone Holdings Finance Co. L.L.C., an indirect subsidiary of The Blackstone Group L.P.

The notes have an aggregate principal amount of $600,000,000, bear a coupon of 6.625% per annum, and mature in 2019. They are guaranteed by The Blackstone Group L.P. and other Blackstone entities.

Blackstone intends to use the net proceeds from the sale of these notes for general corporate purposes.

These rules allow for the private placement of securities to eligible institutional investors (Rule 144A) and offshore investors (Regulation S) without the need for public registration under the Securities Act of 1933. This is a common method for large debt offerings by established companies, allowing for a more efficient and less costly issuance.