Blackstone Announces Expiration and Results of Tender Offer for Any and All of Its 6.625% Senior Notes Due 2019
October 02 2017 - 4:35PM
Business Wire
Blackstone (NYSE: BX) today announced the expiration and results
of the previously announced cash tender offer by Blackstone
Holdings Finance Co. L.L.C. (the “Company”) for any and all of its
6.625% Senior Notes due 2019 (the “Notes”).
The tender offer expired at 5:00 p.m., New York City time, on
September 29, 2017 (the “Expiration Date”).
According to information provided by Global Bondholder Services
Corporation, the depositary and information agent for the tender
offer, $259,682,000 aggregate principal amount of the Notes were
validly tendered prior to or at the Expiration Date and not validly
withdrawn. This amount includes $31,000 aggregate principal amount
of outstanding Notes tendered pursuant to the guaranteed delivery
procedures described in the offer to purchase, dated September 25,
2017, and the related letter of transmittal and notice of
guaranteed delivery, which remain subject to the holders’
performance of the delivery requirements under such procedures.
The conditions to the tender offer have been satisfied and the
Company has accepted for purchase all Notes validly tendered and
not validly withdrawn at or prior to the Expiration Date. The
Company expects the payment for the purchased Notes validly
tendered and not validly withdrawn at or prior to the Expiration
Date to be made today, October 2, 2017 and that payment for the
Notes delivered in accordance with the guaranteed delivery
procedures will be made on October 4, 2017.
The Company intends to redeem any and all Notes that are not
tendered and accepted in the tender offer in accordance with the
make-whole provisions under the indenture governing the Notes.
Information Relating to the Tender Offer
BofA Merrill Lynch, Citigroup Global Markets Inc. and Morgan
Stanley & Co. LLC acted as the joint lead dealer managers in
connection with the tender offer. Global Bondholder Services
Corporation (“GBS”) acted as the depositary and information agent
for the tender offer. Questions regarding the tender offer should
be directed to GBS at 212-430-3774 (banks and brokers) or
866-470-3700 (all others).
This announcement is not an offer to purchase or a solicitation
of an offer to sell any securities and shall not constitute a
notice of redemption under the indenture governing the Notes. The
tender offer is being made solely by means of the offer to purchase
and the related letter of transmittal and notice of guaranteed
delivery.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with over $370 billion in assets under management,
include investment vehicles focused on private equity, real estate,
public debt and equity, non-investment grade credit, real assets
and secondary funds, all on a global basis.
Forward-Looking Statements
This release may contain forward-looking statements which
reflect Blackstone’s current views with respect to, among other
things, Blackstone’s operations and financial performance. You can
identify these forward-looking statements by the use of words such
as “outlook,” “indicator,” “believes,” “expects,” “potential,”
“continues,” “may,” “will,” “should,” “seeks,” “approximately,”
“predicts,” “intends,” “plans,” “estimates,” “anticipates” or the
negative version of these words or other comparable words. Such
forward-looking statements are subject to various risks and
uncertainties. Accordingly, there are or will be important factors
that could cause actual outcomes or results to differ materially
from those indicated in these statements. Blackstone believes these
factors include but are not limited to those described under the
section entitled “Risk Factors” in its Annual Report on Form 10-K
for the fiscal year ended December 31, 2016, as such factors may be
updated from time to time in its periodic filings with the
Securities and Exchange Commission (“SEC”), which are accessible on
the SEC’s website at www.sec.gov. These factors should not be
construed as exhaustive and should be read in conjunction with the
other cautionary statements that are included in this release and
in the filings. Blackstone undertakes no obligation to publicly
update or review any forward-looking statement, whether as a result
of new information, future developments or otherwise.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171002006491/en/
BlackstonePublic AffairsNew York+ 1 212-583-5263
Blackstone (NYSE:BX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Blackstone (NYSE:BX)
Historical Stock Chart
From Apr 2023 to Apr 2024