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Friday, March 31, 2023

Blackstone (NYSE: BX) Announces Pricing of $1.5 Billion Senior Notes Offering

Blackstone Inc. (NYSE: BX) revealed the pricing of its offering of $500 million of 2.550% senior notes due 2032 and $1.0 billion of 3.200% senior notes due 2052 of Blackstone Holdings Finance Co. L.L.C., its indirect subsidiary. The company confirmed that the notes will be completely and unconditionally secured by Blackstone Inc. and its indirect business divisions.

Furthermore, BX announced that notes were presented and sold to eligible institutional buyers in the US following Rule 144A and outside the US following 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 presented or sold in the US without registration.

Previously, Byron R. Wien, VC together with Joe Zidle, Chief Investment Strategist in the Private Wealth Solutions group at Blackstone, presented their list of the Ten Surprises of 2022. A “surprise” is defined by Byron as an occurrence that the ordinary investor would only give a one in three chance of occurring, but which Byron thinks is “likely,” with a greater than 50% chance of occurring.

Blackstone has gained recognition as the largest effective portfolio manager in the world. For its investors, the firms it invests in, and the localities in which it serves, it strives to produce a positive impact on the economy and long-term value. It accomplishes this by assisting businesses in solving difficulties by utilizing exceptional people and flexible capital.

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