By Cristal Cody
Chicago, Oct. 8 – Blackstone Private Credit Fund sold a $350 million tap of its 2.625% notes due Dec. 15, 2026 on Thursday, a market source told Prospect News.
The notes priced with a 185.8 basis points spread over Treasuries, low to initial talk in the 195 bps area.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities LLC were the bookrunners for the tap issue, as they were for the initial offering that priced on Sept. 10.
The company originally sold $900 million of the notes at a Treasuries plus 195 bps spread.
The investment and advisory firm is based in New York.
| Issuer: | Blackstone Private Credit Fund
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| Issue: | Notes
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| Amount: | $350 million
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| Maturity: | Dec. 15, 2026
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| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities LLC
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| Coupon: | 2.625%
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| Spread: | Treasuries plus 185.8 bps
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| Trade date: | Oct. 7
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| Price talk: | Treasuries plus 195 bps area
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| Total issue size: | $1.25 billion, including $900 million of notes priced on Sept. 10
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