Blackstone sets guidance for planned $350 million 30-year bonds

By Aleesia Forni

Virginia Beach, April 2 - Blackstone Holdings Finance Co. LLC announced price guidance for a planned $350 million offering of 30-year bonds (A+/A+/) on Wednesday at 150 basis points to 155 bps over Treasuries, according to a market source.

The notes will be sold via Rule 144A and Regulation S.

BofA Merrill Lynch, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are the bookrunners.

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

Blackstone plans to use the proceeds from the offering for general corporate purposes.

The investment and advisory firm is based in New York City.

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