NEW YORK - Blackstone (NYSE: NYSE:BX), a leading investment firm with a market capitalization of $233.43 billion and an impressive YTD return of 49.7%, announced its plans to offer senior notes through its indirect subsidiary, Blackstone Reg Finance Co. L.L.C. The offering is contingent on market conditions and other factors. According to InvestingPro data, the company maintains a GOOD financial health score, suggesting strong operational stability. Blackstone Inc., along with 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.—will fully and unconditionally guarantee the notes.
The investment firm has stated that the proceeds from the sale of these notes will be used for general corporate purposes. This move comes as part of Blackstone's broader strategy to manage its capital and investments.
Investors can access the prospectus supplement and accompanying prospectus through the U.S. Securities and Exchange Commission's website or directly from the underwriters, which include BofA Securities, Inc., Citigroup (NYSE:C) Global Markets Inc., Morgan Stanley (NYSE:MS) & Co. LLC, RBC Capital Markets, LLC, and SMBC Nikko Securities America, Inc.
The press release emphasized that this announcement does not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities. The sale of these notes will not proceed in any jurisdiction where it would be unlawful.
This information is based on a press release statement.
In other recent news, Blackstone has made significant strides with its recent acquisition of a majority stake in Jersey Mike's Subs and a $4 billion all-cash deal to acquire Retail Opportunity (SO:FTCE11B) Investments (NASDAQ:ROIC) Corp. The company has also placed a $5.03 billion bid to acquire a minority stake in Rogers Communications (TSX:RCIa)' cellphone infrastructure division. Blackstone is also reshuffling its Tactical Opportunities division, with Chris James named as the Global Head. The company has plans to expand its private wealth business into new European markets in the coming year, following a surge in its global private wealth assets to approximately $250 billion, up from $103 billion in 2020. In terms of board changes, Blackstone's board member, Kelly A. Ayotte, has resigned following her election as the governor of New Hampshire. On the analyst front, TD Cowen has maintained its Hold rating but increased the stock's price target to $149.00, while BMO Capital Markets also increased its price target to $134 from the previous $112, maintaining a Market Perform rating. These developments are part of Blackstone's ongoing efforts to diversify its portfolio and increase its assets under management.
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