Blackstone Prices $900 Million Senior Notes Offering
September 03 2019 - 06:34PM
Business Wire
Blackstone (NYSE: BX) priced its offering of $500 million of
2.500% senior notes due 2030 and $400 million of 3.500% senior
notes due 2049 of Blackstone Holdings Finance Co. L.L.C., its
indirect subsidiary. The notes will be fully and unconditionally
guaranteed by The Blackstone Group Inc. 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 any and all of its outstanding 5.875%
Senior Notes due 2021 (the “2021 Notes”) pursuant to a tender offer
and/or to redeem any of the 2021 Notes that remain outstanding
thereafter and to pay related fees and expenses. Remaining proceeds
will be used for general corporate purposes.
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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Investor and Media Relations Weston Tucker Blackstone
Tel: +1 (212) 583-5231 tucker@blackstone.com
Christine Anderson Blackstone Tel: +1 (212) 583-5182
Christine.Anderson@blackstone.com
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