Blackstone Completes 10-Year Euro-Denominated Senior Notes Offering
April 10 2019 - 6:15PM
Business Wire
Blackstone (NYSE: BX) has completed its previously announced
offering of €600 million of 1.500% senior notes due 2029 of
Blackstone Holdings Finance Co. L.L.C., its indirect subsidiary.
The notes are 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
for general corporate purposes.
The notes were 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.
In the United Kingdom, this press release is only being
distributed to, and is only directed at, persons who are “qualified
investors” (as defined in Directive 2003/71/EC as amended or
superseded) who are (i) persons who have professional experience in
matters relating to investments and who qualify as investment
professionals falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
“Order”) or (ii) high net worth entities, and other persons to whom
it may lawfully be communicated, falling within Article 49(2)(a) to
(d) of the Order (all such persons together being referred to as
“relevant persons”). Any offering of notes in the United Kingdom
will only be made available to, and any invitation, offer or
agreement to subscribe, purchase or otherwise acquire such notes
will be engaged in only with, relevant persons.
The notes described in this press release are not intended to be
offered, sold or otherwise made available to and should not be
offered, sold or otherwise made available to any retail investor in
the European Economic Area (“EEA”). For these purposes, a retail
investor means a person who is one (or more) of: (i) a retail
client as defined in point (11) of Article 4(1) of Directive
2014/65/EU (as amended, “MiFID II”); or (ii) a customer within the
meaning of Directive (EU) 2016/97 (as amended), where that customer
would not qualify as a professional client as defined in point (10)
of Article 4(1) of MiFID II. Consequently no key information
document required by Regulation (EU) No 1286/2014 (as amended, the
“PRIIPs Regulation”) for offering or selling the notes described in
this press release or otherwise making them available to retail
investors in the EEA has been prepared and therefore offering or
selling the notes or otherwise making them available to any retail
investor in the EEA may be unlawful under the PRIIPs Regulation.
MIFID II product governance / Professional investors and ECPs only
target market – Solely for the purposes of each manufacturer’s
product approval process, the target market assessment in respect
of the notes referred to in this announcement has led to the
conclusion that: (i) the target market for such securities is
eligible counterparties and professional clients only, each as
defined in MiFID II; and (ii) all channels for distribution of the
securities to eligible counterparties and professional clients are
appropriate. Any person subsequently offering, selling or
recommending such notes (a “distributor”) should take into
consideration the manufacturers' target market assessment; however,
a distributor subject to MiFID II is responsible for undertaking
its own target market assessment in respect of such securities (by
either adopting or refining the manufacturers’ target market
assessment) and determining appropriate distribution channels.
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. The distribution of this press release may be
restricted by law in certain jurisdictions and persons into whose
possession this announcement or other information referred to
herein comes should inform themselves about and observe any such
restriction.
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