By Marisa Wong and Cristal Cody
Los Angeles, Sept. 23 – Blackstone Private Credit Fund priced $600 million of 7.05% three-year notes with a 320 basis point spread over Treasuries on Thursday, according to a market source.
Initial price talk was in the Treasuries plus 337.5 bps area.
BofA Securities Inc., Citigroup Global Markets Inc., Truist Securities Inc. and Wells Fargo Securities LLC are the bookrunners.
The investment and advisory firm is based in New York.
| Issuer: | Blackstone Private Credit Fund
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| Amount: | $600 million
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| Issue: | Notes
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| Maturity: | Sept. 29, 2025
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| Bookrunners: | BofA Securities Inc., Citigroup Global Markets Inc., Truist Securities Inc. and Wells Fargo Securities LLC
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| Coupon: | 7.05%
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| Spread: | Treasuries plus 320 bps
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| Pricing date: | Sept. 22
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| Initial price talk: | Treasuries plus 337.5 bps area
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