Blackstone Inc. (NYSE: BX) announced on Tuesday that it plans to issue senior notes through its indirect subsidiary, Blackstone Reg Finance Co. L.L.C., subject to market and other prevailing conditions.
The company said the notes will be “fully and unconditionally guaranteed” by Blackstone Inc. and certain of its indirect subsidiaries. The proceeds from the offering will be utilized for general corporate purposes, which may include debt repayment, investments, or operational funding.
Blackstone added that the issuance will be conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) and will be available only by means of a prospectus and prospectus supplement.
The global investment management firm, which oversees more than $1 trillion in assets, has been strategically leveraging debt markets to strengthen liquidity and capitalize on investment opportunities amid fluctuating interest rate conditions.
