Blackstone Holdings plans to sell guaranteed senior notes

By Devika Patel

Knoxville, Tenn., Sept. 25 – Blackstone Holdings Finance Co. LLC is expected to price an offering of guaranteed senior notes, according to a press release.

The notes have a make-whole call and are then redeemable at par.

The bookrunners are Citigroup Global Markets Inc., Barclays, Credit Agricole CIB and Credit Suisse Securities (USA) LLC.

The notes will be fully and unconditionally guaranteed by Blackstone Group LP and its indirect subsidiaries, Blackstone Holdings I LP, Blackstone Holdings AI LP, Blackstone Holdings II LP, Blackstone Holdings III LP and Blackstone Holdings IV LP.

Proceeds will be used with cash on hand or available liquidity to repurchase all of the company’s 6.625% senior notes due 2019 in a tender offer and redeem any of the 2019 notes that remain outstanding after the tender.

The investment and advisory firm is based in New York.

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