Blackstone Private Credit Fund Completes $1.0 Billion Notes Offering
11.25.24
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Simpson Thacher represented Blackstone Private Credit Fund, a non-traded business development company (the “Company”), in connection with a Rule 144A / Regulation S offering of $1.0 billion aggregate principal amount of senior unsecured notes, consisting of $400 million aggregate principal amount of 5.600% notes due 2029 and $600 million aggregate principal amount of 6.000% notes due 2034. The offering closed on November 22, 2024.
The Company expects to use the net proceeds from the offering for general corporate purposes.
The Simpson Thacher team included Rajib Chanda, Steven Grigoriou, Jonathan Pacheco, Erin Randall, Patrick Hall and Sara Uhlenbecker (Registered Funds); and Jonathan Cantor and Michael Slomovics (Tax).