Blackstone Inc. filed a Form 8-K with the SEC on November 2, 2026, disclosing the completion of a $1,100,000,000 senior notes offering through its subsidiary Blackstone Reg Finance Co. L.L.C., comprising two tranches with maturities in 2031 and 2033.

Key Highlights

  • Two-tranche offering: $600,000,000 of 5.650% Senior Notes due November 3, 2031 and $500,000,000 of 5.900% Senior Notes due November 3, 2033 were issued by Blackstone Reg Finance Co. L.L.C.
  • Interest payments: Both tranches accrue interest from November 2, 2026, payable semiannually in arrears on May 3 and November 3 each year, commencing May 3, 2027.
  • Unsecured obligations: The notes are unsecured and unsubordinated obligations of the issuer, fully and unconditionally guaranteed, jointly and severally, by Blackstone Inc. and four Blackstone Holdings entities.
  • Change of control provision: Upon a change of control repurchase event, the issuer must offer to repurchase the notes at 101% of aggregate principal amount plus accrued and unpaid interest.
  • Early redemption options: The 2031 Notes may be redeemed at par on or after October 3, 2031; the 2033 Notes may be redeemed at par on or after September 3, 2033; both are redeemable earlier at a make-whole price.
  • Underwriting agreement: The underwriting agreement was entered into on October 27, 2026, with Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc., and Wells Fargo Securities, LLC as representatives.

Blackstone Completes $1.1 Billion Dual-Tranche Senior Notes Offering

According to the filing, Blackstone Inc. (NYSE:BX) and its subsidiary Blackstone Reg Finance Co. L.L.C. completed a registered senior notes offering totaling $1,100,000,000 in aggregate principal amount on November 2, 2026. The offering was divided into two tranches: $600,000,000 of 5.650% Senior Notes due 2031 and $500,000,000 of 5.900% Senior Notes due 2033. The notes were issued under a base indenture dated December 6, 2024, supplemented by the Fourth and Fifth Supplemental Indentures executed on November 2, 2026, with The Bank of New York Mellon Trust Company, N.A. serving as trustee.

The filing discloses that both tranches are unsecured and unsubordinated obligations of the issuer, and are fully and unconditionally guaranteed, jointly and severally, by Blackstone Inc., Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P., and Blackstone Holdings IV L.P. The guarantees are themselves unsecured and unsubordinated. The indenture includes covenants limiting the issuer's and guarantors' ability to incur indebtedness secured by liens on voting stock or profit participating equity interests of their subsidiaries, or to merge, consolidate, or sell, transfer, or lease assets, subject to stated exceptions.

The filing further discloses that the indenture provides for events of default, under which the trustee or holders of not less than 25% in aggregate principal amount of the outstanding notes may declare the notes immediately due and payable following the occurrence and continuance of any event of default after expiration of any applicable grace period. In the case of specified bankruptcy, insolvency, receivership, or reorganization events, the principal and any accrued and unpaid interest become automatically due and payable. The notes were registered under the Securities Act of 1933 pursuant to an automatically effective shelf registration statement on Form S-3ASR (Registration No. 333-283540), originally filed December 2, 2024, and amended February 27, 2026.

What Was Disclosed

Blackstone Inc. reported the completion of a $1,100,000,000 two-tranche senior notes offering through Blackstone Reg Finance Co. L.L.C., consisting of 5.650% notes due 2031 and 5.900% notes due 2033, both guaranteed by Blackstone Inc. and its Holdings entities.