debt
confidence high
sentiment neutral
materiality 0.50
Blackstone amends $4.135B revolver, extends maturity to 2027, switches to SOFR
Blackstone Inc.
- Maturity extended to June 3, 2027, from November 24, 2025.
- Minimum fee-generating assets under management covenant raised to $271B from $175B.
- Reference rate changed from LIBOR to Secured Overnight Financing Rate (SOFR).
- Facility remains unsecured with substantially similar customary covenants.