8-KOther EventsExhibits & Filings

Blackstone Inc. 8-K Report, Corporate Update (Dec 3, 2024)

Filed December 3, 2024For Securities:BX

Summary

Blackstone Inc. (BX) announced on December 2, 2024, the pricing of a $750 million public offering of 5.000% Senior Notes due 2034. These notes are guaranteed by several Blackstone entities, providing a layer of assurance to investors. The company intends to utilize the net proceeds from this offering for general corporate purposes. This debt issuance indicates Blackstone's ongoing capital management strategy and its access to public debt markets. Investors should note that the funds raised are for general corporate purposes, which could include various strategic initiatives, operational expenses, or future investments. The specific allocation of these proceeds will be a key area to monitor in future filings and communications from the company.

Key Highlights

  • 1Blackstone Inc. (BX) priced a $750 million public offering of 5.000% Senior Notes due 2034.
  • 2The notes are fully and unconditionally guaranteed by Blackstone and several of its key subsidiaries.
  • 3Proceeds from the offering are intended for general corporate purposes.
  • 4The offering was conducted under an automatically effective shelf registration statement filed on December 2, 2024.
  • 5The event date for this announcement was December 1, 2024.

Frequently Asked Questions

Blackstone intends to use the proceeds from the $750 million Senior Notes offering for general corporate purposes. This can encompass a range of activities such as funding strategic initiatives, operational needs, or future investments.

The new Senior Notes carry a coupon rate of 5.000% and mature in 2034.

The notes are fully and unconditionally guaranteed by Blackstone Inc., 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.

The notes were offered via an underwritten public offering and were made under an automatically effective shelf registration statement filed with the SEC on December 2, 2024.