The Blackstone Group will offer senior notes of its subsidiary Blackstone Holdings Finance to qualified institutional buyers, the firm announced in a statement on Tuesday.
The firm did not disclose how much it plans to raise through the sale. Proceeds will be used for general corporate purposes; “Nothing more specific than that”, spokesman Peter Rose told Private Debt Investor.
The notes will be guaranteed by Blackstone and its indirect subsidiaries, Blackstone Holdings I, Blackstone Holdings II, Blackstone Holdings III and Blackstone Holdings IV.
The Blackstone Group manages $266 billion in assets, which includes $65 billion through its credit platform GSO Capital Partners. In the fourth quarter, GSO closed on $1.8 billion in commitments through new product launches, according to an earnings report.
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