Blackstone Completes $750 Million Senior Notes Offering
Funding | Dec 06, 2024 | Blackstone
Blackstone Inc., a prominent private equity firm, announced the completion of a significant financial maneuver with the offering of $750 million in 5.000% senior notes due in 2034 by one of its indirect subsidiaries, Blackstone Reg Finance Co. L.L.C. The notes have received full and unconditional guarantees from Blackstone Inc. and several of its indirect subsidiaries. Blackstone aims to utilize the funds raised for general corporate purposes. This strategic move was conducted under an effective shelf registration recorded with the U.S. Securities and Exchange Commission (SEC), employing a prospectus and pertinent supplements. Notable financial institutions such as BofA Securities, Citigroup Global Markets, Morgan Stanley, RBC Capital Markets, and SMBC Nikko Securities America assisted in the process by providing relevant prospectuses. This financial action follows a path aligned with Blackstone’s broader corporate finance strategies, whilst abiding by legal conditions that prevent unauthorized solicitation of notes.
Sectors
- Financial Services
- Capital Markets
Geography
- United States – The primary geography is the United States as the financial transaction and related regulatory filings are conducted under U.S. jurisdiction, with the U.S. Securities and Exchange Commission involved.
- New York – New York is relevant as Blackstone is headquartered there, and is a major financial hub where such significant financial transactions are often coordinated.
Industry
- Financial Services – This sector is relevant as it encompasses asset management and private equity operations, which are core to Blackstone's business activities.
- Capital Markets – The capital markets sector is relevant given the context of offering senior notes, involving the issuance and management of securities that are important components of capital markets.
Financials
- $750 million – The total value of the senior notes offering completed by Blackstone.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blackstone Inc. | Issuer of senior notes | Company | A leading global investment business providing investment and advisory services, involved in the issuance and guarantee of the senior notes. |
| Blackstone Reg Finance Co. L.L.C. | Issuer of senior notes | Company | An indirect subsidiary of Blackstone Inc. responsible for the issuance of the $750 million senior notes. |
| BofA Securities, Inc. | Financial advisor/distributor | Company | Part of the consortium of financial institutions distributing the senior notes. |
| Citigroup Global Markets Inc. | Financial advisor/distributor | Company | Contributed to the distribution and management of the senior notes issuance. |
| Morgan Stanley & Co. LLC | Financial advisor/distributor | Company | Participated in the distribution of the senior notes offering. |
| RBC Capital Markets, LLC | Financial advisor/distributor | Company | Involved in distributing and managing the issuance of senior notes. |
| SMBC Nikko Securities America, Inc. | Financial advisor/distributor | Company | Part of the consortium facilitating the distribution of senior notes. |
| U.S. Securities and Exchange Commission (SEC) | Regulatory body | Government | Regulates the capital markets and oversees the registration statement under which the notes were offered. |
| Weston Tucker | Investor Relations Contact | Person | The contact person for investor relations at Blackstone. |
| Matthew Anderson | Media Relations Contact | Person | The contact person for media relations at Blackstone. |