Blackstone Completes $900 Million Senior Notes Offering
09.30.20
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Simpson Thacher advised Blackstone on the issuance and sale by Blackstone Holdings Finance Co. L.L.C., an indirect finance subsidiary of The Blackstone Group Inc., of $500 million of 1.6% Senior Notes due 2031 and $400 million of 2.8% Senior Notes due 2050. The notes are guaranteed by The Blackstone Group Inc., 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.
Blackstone is one of the world’s leading investment firms, with total assets under management of $564 billion as of June 30, 2020.
The Simpson Thacher team for the transaction included Josh Bonnie, Will Golden, Jon Pacheco, Evan Hunt and Blake Delaplane (Capital Markets – D.C.), and Jon Cantor and Suzy Yaster (Tax).