Blackstone to Offer Senior Notes
September 25 2017 - 8:45AM
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 The Blackstone
Group L.P. 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,
together with cash on hand or available liquidity, to repurchase
all of its outstanding 6.625% Senior Notes due 2019 (the “2019
Notes”) pursuant to a tender offer and to redeem any of the 2019
Notes that remain outstanding thereafter.
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.
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