Blackstone Completes Senior Notes Offering

10/2/17

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) has completed its previously announced offering of $300,000,000 million of 3.150% senior notes due 2027 and $300,000,000 million of 4.000% senior notes due 2047 of Blackstone Holdings Finance Co. L.L.C., its indirect subsidiary. The notes are fully and unconditionally guaranteed by The Blackstone Group L.P. and its indirect subsidiaries, 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, together with cash on hand or available liquidity, to repurchase all of its outstanding 6.625% Senior Notes due 2019 (the “2019 Notes”) pursuant to a tender offer and to redeem any of the 2019 Notes that remain outstanding thereafter.

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