By Marisa Wong and Cristal Cody
Los Angeles, Nov. 17 – Blackstone Private Credit Fund sold $500 million of 7.3% five-year notes at a spread of 315 basis points over Treasuries on Thursday, according to a market source.
Initial price talk was in the Treasuries plus 325 bps area.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Truist Securities, 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: | $500 million
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| Issue: | Notes
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| Maturity: | Nov. 27, 2028
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| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Truist Securities, Inc. and Wells Fargo Securities LLC
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| Coupon: | 7.3%
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| Spread: | Treasuries plus 315 bps
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| Pricing date: | Nov. 16
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| Initial price talk: | Treasuries plus 325 bps area
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