Simpson Thacher recently represented Blackstone Holdings Finance Co. L.L.C., an indirect finance subsidiary of The Blackstone Group L.P., in its issuance and sale of $400,000,000 aggregate principal amount of 4.750% Senior Notes due 2023 and $250,000,000 aggregate principal amount of 6.250% Senior Notes due 2042. The notes are guaranteed by The Blackstone Group L.P., Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. The company intends to use the net proceeds for general corporate purposes.
Blackstone is a leading global manager of private capital and provider of financial advisory services. Blackstone is one of the largest independent managers of private capital in the world, with assets under management of $190.3 billion as of June 30, 2012.
The Simpson Thacher team for the transaction included Josh Bonnie, Jonathan Ozner, Linda Tieh and Jae Won Lee Chung (Capital Markets); and Jason Vollbracht and Sean FitzGerald (Tax).
