Blackstone Sells $400 Million in Senior Unsecured Notes

(Reuters) – Blackstone Holdings Finance Co LLC on Wednesday sold $400 million of senior unsecured notes in the 144a private placement market, said IFR, a Thomson Reuters service.

The notes are guaranteed by the Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz), Blackstone Holdings I LP, II, III and IV.

Morgan Stanley, Bank of America Merrill Lynch and JP Morgan were the active bookrunning managers for the sale.

BORROWER: BLACKSTONE HOLDINGS FINANACE CO LLC
AMT $400 MLN      COUPON 5.875 PCT    MATURITY 3/15/2021
TYPE SR NTS       ISS PRICE 99.515    FIRST PAY 3/15/2011
MOODY’S N/A       YIELD 5.938 PCT     SETTLEMENT 9/20/2010
S&P SINGLE-A      SPREAD 325 BPS      PAY FREQ SEMI-ANNUAL
FITCH A-PLUS       MORE THAN TREAS    MAKE-WHOLE CALL 50 BP