Blackstone’s $1.5 Billion Senior Notes Offering

Simpson Thacher advised Blackstone on the deal.

Blackstone, one of the world’s leading investment firms, has completed the issuance and sale by Blackstone Holdings Finance Co. L.L.C., an indirect finance subsidiary of Blackstone Inc., of $500 million of 2.55% Senior Notes due 2032 and $1 billion of 3.2% Senior Notes due 2052. The notes are guaranteed by Blackstone Inc., Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Blackstone intends to use the proceeds from the notes offering for general corporate purposes.

Blackstone is the world’s largest alternative asset manager, with $731 billion in assets under management including investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.

The Simpson Thacher team for the transaction included Josh Bonnie (Picture), Will Golden, Aarthy Thamodaran, Evan Hunt and Charlotte Bowe (Capital Markets – D.C.); and Michael Mann (Tax).

Involved fees earner: Charlotte Bowe – Simpson Thacher & Bartlett; Joshua Ford Bonnie – Simpson Thacher & Bartlett; William Golden – Simpson Thacher & Bartlett; Evan Hunt – Simpson Thacher & Bartlett; Michael Mann – Simpson Thacher & Bartlett; Aarthy Thamodaran – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Blackstone;

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Author: Youness Semri