By Wendy Van Sickle
Columbus, Ohio, July 29 – Blackstone Group Inc. subsidiary Blackstone Holdings Finance Co. LLC priced $2 billion of guaranteed senior notes in three tranches in a Rule 144A and Regulation S offering on Thursday, according to a press release.
The company priced $650 million of 1.625% senior notes due 2028, $800 million of 2% senior notes due 2032 and $550 million of 2.85% senior notes due 2051.
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, which may include the acquisition of a 9.9% equity interest in American International Group, Inc.’s life and retirement business.
Blackstone is a New York-based investment firm.
| Issuer: | Blackstone Holdings Finance Co. LLC
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| Guarantors: | Blackstone Group Inc., Blackstone Holdings I LP, Blackstone Holdings AI LP, Blackstone Holdings II LP, Blackstone Holdings III LP and Blackstone Holdings IV LP
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| Issue: | Senior notes
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| Amount: | $2 billion
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| Pricing date: | July 29
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| Distribution: | Rule 144A and Regulation S
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| Seven-year notes
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| Amount: | $650 million
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| Maturity: | 2028
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| Coupon: | 1.625%
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| 11-year notes
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| Amount: | $800 million
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| Maturity: | 2032
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| Coupon: | 2%
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| 30-year notes
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| Amount: | $550 million
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| Maturity: | 2051
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| Coupon: | 2.85%
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