UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On September 22, 2020, The Blackstone Group Inc. (“Blackstone”) issued a press release announcing that Blackstone Holdings Finance Co. L.L.C., an indirect subsidiary of The Blackstone Group Inc., priced an offering of $500,000,000 aggregate principal amount of 1.600% Senior Notes due 2031 and $400,000,000 aggregate principal amount of 2.800% Senior Notes due 2050. The notes are to be fully and unconditionally guaranteed by The Blackstone Group Inc., 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 net proceeds from the sale of the notes for general corporate purposes.
The notes were offered pursuant to Rule 144A and Regulation S under the Securities Act of 1933. The notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
Description | |
Exhibit 99.1 | Press release of Blackstone, dated September 22, 2020. | |
Exhibit 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 22, 2020
The Blackstone Group Inc. | ||||
By: /s/ John G. Finley | ||||
Name: John G. Finley | ||||
Title: Chief Legal Officer |
Exhibit 99.1
Blackstone Prices $900 Million Senior Notes Offering
New York, September 22, 2020 - Blackstone (NYSE: BX) priced its offering of $500 million of 1.600% senior notes due 2031 and $400 million of 2.800% senior notes due 2050 of Blackstone Holdings Finance Co. L.L.C., its indirect subsidiary. The notes will be fully and unconditionally guaranteed by The Blackstone Group Inc. 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 for general corporate purposes.
The notes were offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933.
The notes have not been registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933.
Investor and Media Relations Contacts
Weston Tucker | Matthew Anderson | |
Blackstone | Blackstone | |
Tel: +1 (212) 583-5231 | Tel: +1 (212) 390-2472 | |
tucker@blackstone.com | Matthew.Anderson@blackstone.com |
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Document and Entity Information |
Sep. 22, 2020 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | Blackstone Group Inc |
Amendment Flag | false |
Entity Central Index Key | 0001393818 |
Document Type | 8-K |
Document Period End Date | Sep. 22, 2020 |
Entity Incorporation State Country Code | DE |
Entity File Number | 001-33551 |
Entity Tax Identification Number | 20-8875684 |
Entity Address, Address Line One | 345 Park Avenue |
Entity Address, City or Town | New York |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 10154 |
City Area Code | (212) |
Local Phone Number | 583-5000 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Class A Common Stock |
Trading Symbol | BX |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |