S&P rates Blackstone Holdings notes A+

S&P said it assigned an A+ rating to senior unsecured notes to be sold by Blackstone Holdings Finance Co. LLC. The notes will be guaranteed by Blackstone Group Inc. and other Blackstone entities.

The agency said the size of the sale hasn’t been finalized, but it expects the total to be less than $900 million with maturities of 2030 and 2049.

Blackstone will use the proceeds for a tender for $400 million of notes due 2021 and the remainder for general corporate purposes.

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