Blackstone amends $4.325B revolver; maturity extended to Dec 2028, minimum AUM covenant raised to $294B

Blackstone Inc.

Maturity date extended from June 2027 to December 15, 2028.
Minimum fee-generating assets under management covenant increased from $271B to $294B.
Canadian dollar loan reference rate changed from CDOR to CORRA (Canadian Overnight Repo Rate Average).
Facility remains unsecured with no changes to financial covenants other than AUM threshold.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Blackstone Inc. amended New Credit Facility with Citibank, N.A. valued at $4.325 billion (effective 2023-12-15).

Action: amendment
Agreement: credit facility
Counterparty: Citibank, N.A.
Value: $4.325 billion
Effective: 2023-12-15

Exact text from the filing

On December 15, 2023, Blackstone Holdings Finance Co. L.L.C., as borrower (the “Borrower”), and Blackstone Holdings AI L.P., Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P., as guarantors (collectively, the “Guarantors”), entered into an amended and restated $4.325 billion revolving credit facility (the “New Credit Facility”) with Citibank, N.A., as administrative agent, and the lenders party thereto.

View on SEC.gov

Browse all material agreements →

Blackstone Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-299933

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.