Blackstone Group to issue its first bonds

The Blackstone Group LP plans to sell bonds for the first time, but offered no details on how much or when.
AUG 13, 2009
The Blackstone Group LP plans to sell bonds for the first time, but offered no details on how much or when. Late Wednesday, the private equity firm said it intends to offer senior notes of an indirect subsidiary called Blackstone Holdings Finance Co. to institutional buyers. The bonds, the first issued by Blackstone since it went public in 2007 according to regulatory filings, will be guaranteed by the parent company and other units. Blackstone intends to use the proceeds from the offering for general corporate purposes. In morning trading, Blackstone Group shares slipped 7 cents to $14.51. The stock has more than doubled in the year to date.

Latest News

Osaic reels in LPL team with $2.3 billion in assets
Osaic reels in LPL team with $2.3 billion in assets

Osaic and LPL Financial routinely square off in recruiting advisors from other firms as well as from each other.

RIA moves: Beacon Pointe makes deal hat trick, adding $1.35 billion
RIA moves: Beacon Pointe makes deal hat trick, adding $1.35 billion

Meanwhile, Wealthspire's Ground Control business picks up a $1B private wealth firm in London, and Modern Wealth deepens its presence in California.

Mercer Advisors launches Aspen Investing with in-house direct indexing
Mercer Advisors launches Aspen Investing with in-house direct indexing

The $100B-plus mega-RIA is folding custom portfolios, daily tax-loss harvesting and unified managed accounts into its Aspen advisor tech platform

The most valuable professional development opportunities in independent advisory firms are hiding in plain sight
The most valuable professional development opportunities in independent advisory firms are hiding in plain sight

From using projects as strategic thinking exercises to real-world challenges as problem-solving exercises, indie firms can make for more powerful talent incubators.

Financial services faces highest AI exposure of any sector, BCG finds
Financial services faces highest AI exposure of any sector, BCG finds

New BCG research names financial services among the world's most AI-exposed industries and the US as a top-tier AI economy.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor