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Published on 11/15/2022 in the Prospect News Investment Grade Daily.

New Issue: Blackstone Private Credit sells $200 million 7.05% notes due 2025

By Cristal Cody

Chicago, Nov. 15 – Blackstone Private Credit Fund sold $200 million of 7.05% notes due 2025 on Monday, according to a market source.

The notes priced at a spread of 320 basis points over Treasuries.

BofA Securities, Inc., Citigroup Global Markets Inc., Truist Securities, Inc. and Wells Fargo Securities LLC are the bookrunners on the Rule 144A and Regulation S deal.

The investment and advisory firm is based in New York.

Issuer:Blackstone Private Credit Fund
Amount:$200 million
Issue:Notes
Maturity:Sept. 29, 2025
Bookrunners:BofA Securities, Inc., Citigroup Global Markets Inc., Truist Securities, Inc. and Wells Fargo Securities LLC
Coupon:7.05%
Spread:Treasuries plus 320 bps
Trade date:Nov. 14
Distribution:Rule 144A and Regulation S

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