By William Gullotti and Cristal Cody
Buffalo, N.Y., Jan. 19 – Blackstone Private Credit Fund sold $500 million of 6.25% notes due Jan. 25, 2031 at a spread of 245 basis points over Treasuries on Thursday, according to a market source.
Initial price talk was in the Treasuries plus 265 bps area.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, SMBC Nikko Securities America 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: | $500 million
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| Issue: | Notes
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| Maturity: | Jan. 25, 2031
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| Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, SMBC Nikko Securities America Inc. and Wells Fargo Securities LLC
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| Coupon: | 6.25%
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| Spread: | Treasuries plus 245 bps
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| Pricing date: | Jan. 18
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| Initial price talk: | Treasuries plus 265 bps area
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