Summary
Blackstone Inc. (BX) announced on May 25, 2022, through a press release, the pricing of a significant debt offering by its indirect subsidiary, Blackstone Holdings Finance Co. L.L.C. The offering consists of €500,000,000 aggregate principal amount of 3.500% Senior Notes due 2034. These notes will be fully and unconditionally guaranteed by Blackstone and several of its key limited partnership entities, providing a strong credit backing for the issuance. The proceeds raised from this offering are intended for general corporate purposes, indicating a strategic move by Blackstone to bolster its corporate liquidity or fund ongoing operations and potential future investments. The issuance was made under Rule 144A and Regulation S, targeting institutional investors, and highlights Blackstone's access to capital markets to support its diverse business activities.
Key Highlights
- 1Blackstone Inc. priced an offering of €500 million of 3.500% Senior Notes due 2034.
- 2The notes are issued by indirect subsidiary Blackstone Holdings Finance Co. L.L.C.
- 3The notes carry a coupon rate of 3.500% and mature in 2034.
- 4The offering is fully and unconditionally guaranteed by Blackstone Inc. and several of its major limited partnership entities.
- 5Proceeds from the offering are designated for general corporate purposes.
- 6The offering was conducted under Rule 144A and Regulation S, targeting institutional investors.