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Published on 1/4/2022 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

S&P assigns Blackstone notes A+

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

Blackstone Group’s issuer rating is A+.

The issuance consists of $500 million of 2.55% notes due 2032 and $1 billion of 3.2% notes due 2052, and the proceeds are expected to be used for general corporate purposes.

The outlook is stable.


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