Blackstone Private Credit plans to offer notes in two tranches

By Wendy Van Sickle

Columbus, Ohio, Dec. 16 – Blackstone Private Credit Fund plans to offer notes in two tranches, according to an N-2A filing with the Securities and Exchange Commission.

Both notes have make-whole calls until a number of months before their respective maturity dates.

The notes will become putable at par in the event of a change of control.

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

Simpson, Thacher & Bartlett LLP and Richards, Layton & Finger, PA will serve as counsel for Blackstone.

Ropes & Gray LLP will serve as counsel for the underwriters.

Proceeds will be used for general corporate purposes of the company and its subsidiaries. The company stated it anticipates the proceeds will be used within six months of issuance.

The investment and advisory firm is based in New York.

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