By Marisa Wong and Cristal Cody
Los Angeles, March 18 – Blackstone Private Credit Fund priced $900 million of 4.7% senior notes due March 24, 2025 (BBB-) with a spread of 260 basis points over Treasuries, according to a market source.
Initial price talk was in the Treasuries plus 280 bps area.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, MUFG, 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: | $900 million
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| Issue: | Senior notes
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| Maturity: | March 24, 2025
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| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, MUFG, SMBC Nikko Securities America Inc. and Wells Fargo Securities LLC
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| Coupon: | 4.7%
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| Spread: | Treasuries plus 260 bps
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| Pricing date: | March 17
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| Rating: | S&P: BBB-
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| Initial price talk: | Treasuries plus 280 bps area
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