S&P assigns Blackstone notes A+

S&P said it assigned its A+ rating to Blackstone Inc.'s senior unsecured notes, which were offered by the company's indirect subsidiary Blackstone Holdings Finance Co. LLC. The notes will be fully and unconditionally guaranteed by Blackstone and Blackstone Holdings I LP, Blackstone Holdings AI LP, Blackstone Holdings II LP, Blackstone Holdings III LP, and Blackstone Holdings IV LP.

The issuance consists of euro-denominated senior notes due 2034. The size of the offering has not been finalized but will be subject to market conditions. The agency said it assumes the offering will be €500 million.

The long-term issuer credit rating on Blackstone is A+, and the outlook is stable.

Management is expected to use the proceeds for general corporate purposes.

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