|Notes||CUSIP Number/ISIN||Principal Amount Outstanding||U.S. Treasury Reference Security||Bloomberg Reference Page||Reference Treasury Yield||Fixed Spread||Tender Offer Consideration (1)(2)|
|6.625% Senior Notes due 2019||CUSIP Nos. 09256BAA5 (144A)||$600,000,000||1.250% due 8/31/2019||FIT1||1.462%||+50 bps||$ 1,085.15|
|U09254AA8 (Reg S)|
|USU09254AA88 (Reg S)|
The "Notes Consideration" set forth in the table above for each $1,000 principal amount of the Notes validly tendered and accepted for purchase pursuant to the tender offer was determined by the dealer managers for the tender offer in the manner described in the offer to purchase by reference to a fixed spread (the "Fixed Spread") for the Notes specified in the table above plus the yield based on the bid-side price of the U.S. Treasury Reference Security specified in the table above at 11:00 a.m., New York City time, on September 29, 2017.Holders will also receive accrued and unpaid interest on the Notes validly tendered and accepted for purchase from the August 15, 2017 interest payment date up to, but not including, the date the Company initially makes payment for such Notes, which date is anticipated to be October 2, 2017 (the "Settlement Date"). Information Relating to the Tender Offer BofA Merrill Lynch, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are joint lead dealer managers in connection with the tender offer. Global Bondholder Services Corporation ("GBS") is the depositary and information agent for the tender offer. For additional information regarding the terms of the tender offer, please contact BofA Merrill Lynch at 888-292-0070 (toll-free) or 980-387-3907 (collect), Citigroup at 800-558-3745 (toll-free) or 212-723-6106 (collect) or Morgan Stanley at 800-624-1808 (toll-free) or 212-761-1057 (collect). Questions regarding the tender offer should be directed to GBS at 212-430-3774 (banks and brokers) or 866-470-3700 (all others). The complete terms and conditions of the tender offer are described in the offer to purchase and the related letter of transmittal and notice of guaranteed delivery. These documents are available at http://www.gbsc-usa.com/Blackstone/ and may also be obtained by contacting GBS by telephone. None of the Company, the board of directors of Blackstone Group Management L.L.C., the dealer managers, GBS or the trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether holders should tender any Notes in response to the tender offer. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amount of Notes to tender.
This announcement is not an offer to purchase or a solicitation of an offer to sell any securities and shall not constitute a notice of redemption under the indenture governing the Notes. The tender offer is being made solely by means of the offer to purchase and the related letter of transmittal and notice of guaranteed delivery.About Blackstone Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $370 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Forward-Looking Statements This release may contain forward-looking statements which reflect Blackstone's current views with respect to, among other things, Blackstone's operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "indicator," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Blackstone believes these factors include but are not limited to those described under the section entitled "Risk Factors" in its Annual Report on Form 10-K for the fiscal year ended December 31, 2016, as such factors may be updated from time to time in its periodic filings with the Securities and Exchange Commission ("SEC"), which are accessible on the SEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the filings. Blackstone undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.