Blackstone Group Inc. unit Blackstone Holdings Finance Co. LLC priced a cash tender offer for any and all of its 5.875% senior notes due 2021, which have an outstanding principal amount of $400.0 million.
The tender offer consideration is $1,056.13 per $1,000 principal amount of the notes plus applicable interest, with a fixed spread of 50 basis points and based on a treasury yield of 1.589%.
The tender offer was scheduled to expire at 5 p.m. ET on Sept. 9, unless extended or earlier terminated. The settlement date for the offer is expected to be Sept. 10.
Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are joint lead dealer managers for the offer, with Global Bondholder Services Corp. as depositary and information agent.
