Blackstone Completes $350 Million Senior Notes Offering
04.29.15
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Simpson Thacher recently advised Blackstone on the issuance and sale by Blackstone Holdings Finance Co. L.L.C., an indirect finance subsidiary of The Blackstone Group L.P., of $350 million aggregate principal amount of 4.45% Senior Notes due 2045. The notes are guaranteed by The Blackstone Group L.P., Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. The company intends to use the net proceeds for general corporate purposes.
Blackstone is a leading global alternative asset manager and provider of financial advisory services, with total assets under management of $290.4 billion as of December 31, 2014.
The Simpson Thacher team for the transaction included Josh Bonnie, Will Golden, Jon Pacheco and Nick Milonas (Capital Markets); and Jon Cantor and Taylor Alexander (Tax).