Blackstone Announces Expiration and Results of Tender Offer for Any and All of Its 5.875% Senior Notes Due 2021
10 September 2019 - 8:40PM
Business Wire
Blackstone (NYSE: BX) today announced the expiration and results
of the previously announced cash tender offer by Blackstone
Holdings Finance Co. L.L.C. (the “Company”) for any and all of its
5.875% Senior Notes due 2021 (the “Notes”).
The tender offer expired at 5:00 p.m., New York City time, on
September 9, 2019 (the “Expiration Date”).
According to information provided by Global Bondholder Services
Corporation, the depositary and information agent for the tender
offer, $174,555,000 aggregate principal amount of the Notes were
validly tendered prior to or at the Expiration Date and not validly
withdrawn.
The conditions to the tender offer have been satisfied and the
Company has accepted for purchase all Notes validly tendered and
not validly withdrawn at or prior to the Expiration Date. The
Company expects the payment for the purchased Notes validly
tendered and not validly withdrawn at or prior to the Expiration
Date to be made today, September 10, 2019.
The Company intends to redeem any and all Notes that are not
tendered and accepted in the tender offer in accordance with the
make-whole provisions under the indenture governing the Notes.
Information Relating to the Tender Offer
Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC
acted as the joint lead dealer managers in connection with the
tender offer. Global Bondholder Services Corporation (“GBS”) acted
as the depositary and information agent for the tender offer.
Questions regarding the tender offer should be directed to GBS at
212-430-3774 (banks and brokers) or 866-470-3700 (all others).
This announcement is not an offer to purchase or a solicitation
of an offer to sell any securities and shall not constitute a
notice of redemption under the indenture governing the Notes. The
tender offer is being made solely by means of the offer to purchase
and the related letter of transmittal and notice of guaranteed
delivery.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our businesses, with $545
billion in assets under management, include investment vehicles
focused on private equity, real estate, public debt and equity,
non-investment grade credit, real assets and secondary funds, all
on a global basis.
Forward-Looking Statements
This release may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934 which reflect our current views with respect to, among
other things, our operations, taxes, earnings and financial
performance, share repurchases and dividends. You can identify
these forward-looking statements by the use of words such as
“outlook,” “indicator,” “believes,” “expects,” “potential,”
“continues,” “may,” “will,” “should,” “seeks,” “approximately,”
“predicts,” “intends,” “plans,” “estimates,” “anticipates” or the
negative version of these words or other comparable words. Such
forward-looking statements are subject to various risks and
uncertainties. Accordingly, there are or will be important factors
that could cause actual outcomes or results to differ materially
from those indicated in these statements. We believe these factors
include but are not limited to those described under the section
entitled “Risk Factors” in our Annual Report on Form 10-K for the
year ended December 31, 2018 and in our Quarterly Reports on Form
10-Q for the quarters ended March 31, 2019 and June 30, 2019, as
such factors may be updated from time to time in our periodic
filings with the United States Securities and Exchange Commission
(“SEC”), which are accessible on the SEC’s website at www.sec.gov.
These factors should not be construed as exhaustive and should be
read in conjunction with the other cautionary statements that are
included in this release and in our other periodic filings. The
forward-looking statements speak only as of the date of such
statement, and we undertake no obligation to publicly update or
review any forward-looking statement, whether as a result of new
information, future developments or otherwise.
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