Blackstone to price guaranteed notes in two tranches; talk emerges

By Devika Patel and Cristal Cody

Knoxville, Tenn., Jan. 3 – Blackstone Group Inc. subsidiary Blackstone Holdings Finance Co. LLC plans to offer guaranteed senior notes, according to a press release.

The offering is expected to include notes due March 30, 2032 with price talk in the Treasuries plus 120 basis points area and notes due Jan. 30, 2052 with talk in the 145 bps area over Treasuries, a market source told Prospect News.

Bookrunners are BofA Securities Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities LLC and Blackstone.

The notes will be guaranteed by the company and its subsidiaries Blackstone Holdings I LP, Blackstone Holdings AI LP, Blackstone Holdings II LP, Blackstone Holdings III LP and Blackstone Holdings IV LP.

Proceeds will be used for general corporate purposes.

Blackstone is a New York-based investment firm.

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