AI English summary of an SEC filing — figures as filed
The company said Blackstone Reg Finance Co. L.L.C. entered into an indenture on December 6, 2024 for $750,000,000 of 2034 senior notes bearing 5.000% interest.
Key points
AI summaryThe company said Blackstone Reg Finance Co. L.L.C. entered into an indenture on December 6, 2024 for $750,000,000 of 2034 senior notes bearing 5.000% interest.
The company said the notes bear interest at 5.000% per annum from December 6, 2024, payable semiannually in arrears on June 6 and December 6, and mature on December 6, 2034.
The company said the notes are unsecured and unsubordinated obligations, guaranteed by Blackstone Inc. and 5 Blackstone Holdings partnerships. The notes may be redeemed before September 6, 2034 at a make-whole price and on or after that date at par. Upon a change of control repurchase event, they are subject to repurchase at 101% of the principal amount.
The company said it plans to use the proceeds from the notes offering for general corporate purposes. The joint bookrunners named in the filing are BofA Securities, Citigroup Global Markets, Morgan Stanley, RBC Capital Markets and SMBC Nikko Securities America.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Blackstone prices $750,000,000 5.000% senior notes due 2034
The company said Blackstone Reg Finance Co. L.L.C. entered into an indenture on December 6, 2024 for $750,000,000 of 2034 senior notes bearing 5.000% interest.
Source · Based on the filing body and exhibits
Interest payment schedule and maturity
The company said the notes bear interest at 5.000% per annum from December 6, 2024, payable semiannually in arrears on June 6 and December 6, and mature on December 6, 2034.
Source · Based on the filing body and exhibits
Guarantee structure and redemption and repurchase terms
The company said the notes are unsecured and unsubordinated obligations, guaranteed by Blackstone Inc. and 5 Blackstone Holdings partnerships. The notes may be redeemed before September 6, 2034 at a make-whole price and on or after that date at par. Upon a change of control repurchase event, they are subject to repurchase at 101% of the principal amount.
Source · Based on the filing body and exhibits
Use of proceeds and underwriters
The company said it plans to use the proceeds from the notes offering for general corporate purposes. The joint bookrunners named in the filing are BofA Securities, Citigroup Global Markets, Morgan Stanley, RBC Capital Markets and SMBC Nikko Securities America.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
Loading the filing text…