Summary
Blackstone Inc. (BX) announced on January 10, 2022, the completion of a significant debt offering, raising a total of $1.5 billion through the issuance of senior notes. This offering includes $500 million in 2.550% Senior Notes due 2032 and $1 billion in 3.200% Senior Notes due 2052. The issuance was conducted through its subsidiary, Blackstone Holdings Finance Co. L.L.C., and the notes are guaranteed by several of Blackstone's indirect subsidiaries. This move indicates Blackstone's strategy to access capital markets for funding purposes, likely to support its various investment strategies and ongoing operations. The specific terms of the notes, including interest rates, maturity dates, and covenants, are detailed in the supplemental indentures filed with the SEC. Investors should note the unsecured and unsubordinated nature of these notes, alongside standard covenants and events of default typical for such debt issuances.
Key Highlights
- 1Blackstone Inc. successfully completed an offering of $1.5 billion in senior notes.
- 2The offering comprises $500 million of 2.550% Senior Notes due 2032.
- 3The offering also includes $1 billion of 3.200% Senior Notes due 2052.
- 4The notes are unsecured and unsubordinated obligations of the issuer.
- 5The notes are fully and unconditionally guaranteed by several indirect subsidiaries of Blackstone Inc.
- 6The issuance was conducted through Blackstone Holdings Finance Co. L.L.C.
- 7The offering was made pursuant to Rule 144A and Regulation S under the Securities Act of 1933.