Blackstone Announces Proposed Senior Notes Offering

Executive Summary

On October 27, 2026, Blackstone Inc. filed a Current Report on Form 8-K under Item 8.01 (Other Events) announcing that its indirect subsidiary, Blackstone Reg Finance Co. L.L.C., intends to offer senior notes in an underwritten public offering, subject to market and other conditions.

Key Terms & Details

• Issuer: Blackstone Reg Finance Co. L.L.C., an indirect subsidiary of Blackstone Inc.
• Guarantees: Fully and unconditionally guaranteed by Blackstone Inc. and indirect subsidiaries, including 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.
• Shelf Registration: Offered pursuant to an automatically effective shelf registration statement on Form S-3 filed on December 2, 2024, as amended on February 27, 2026.
• Use of Proceeds: Net proceeds are slated for general corporate purposes.
• Bookrunners/Managers: Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc., and Wells Fargo Securities, LLC.

Market & Trading Significance

This filing represents standard capital markets activity for corporate liquidity and debt management. Senior debt offerings by large asset managers like Blackstone are typically routine financing operations and generally carry low direct volatility impact on the underlying common equity ($BX).