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Published on 7/25/2022 in the Prospect News Investment Grade Daily.

Blackstone Private Credit Fund offers fixed-rate notes in two parts

By Devika Patel

Knoxville, Tenn., July 25 – Blackstone Private Credit Fund expects to sell fixed-rate notes in two tranches, according to a Form N-2/A filing with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

U.S. Bank Trust Co., NA is the trustee.

Simpson, Thacher & Bartlett LLP and Richards, Layton & Finger, PA are counsel for the issuer, and Ropes & Gray LLP is counsel for the underwriters.

Proceeds will be used for general corporate purposes.

The investment and advisory firm is based in New York.


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