Blackstone (BX) Stock

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) has set the price for its $750 million offering of 5.000% senior notes that will mature in 2034, issued by its indirect subsidiary, Blackstone Reg Finance Co. L.L.C. These notes will be fully guaranteed by Blackstone Inc. and its indirect subsidiaries, including Blackstone Holdings I L.P. through IV L.P. Blackstone plans to use the funds raised from this offering for various purposes.

Since 2014, I have steadily bought shares of Blackstone Inc., achieving an impressive 880% return, which is much better than the S&P 500's 220% return. The company's strong market position, large assets under management, and smart acquisitions in real estate and other areas have contributed to its success. Even though its valuation is high, I recommend holding onto the shares because of Blackstone's effective management, solid financial standing, and promising growth potential.

Blackstone Secured Lending is a leading BDC investment because it has strong dividend support, a high-quality portfolio, and a low rate of non-accruals. Its first lien strategy and strict lending standards help reduce the risk of loan losses, which keeps the portfolio stable and builds investor trust. Even with a 21% premium, BXSL's reliable dividend coverage and solid 10% yield make the higher price reasonable.

NEW YORK--(BUSINESS WIRE)--Blackstone and Santander Corporate & Investment Banking have reached a deal where Blackstone Credit & Insurance (“BXCI”) will purchase shares in a $1 billion portfolio of top-quality infrastructure loans from Santander. This portfolio mainly includes loans for assets in Western Europe and the US, focusing on digital infrastructure, renewable energy, energy efficiency, and transportation. Robert H.

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has announced the pricing of a private sale of $450 million in senior secured notes with a 7.750% interest rate, due in 2029. The company plans to use the funds raised from this offering for general business needs, such as reducing current secured debt. The closing of the notes offering is anticipated to take place on December 10, 2024, pending standard closing conditions.

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has announced the start of a private offering for $450 million in senior secured notes that will mature in 2029. The company plans to use the funds raised from this offering for various corporate needs, such as reducing current secured debt. This offering and its associated guarantees will take place in a private transaction.

Blackstone Secured Lending provides a strong 9.8% dividend yield, appealing to investors looking for income in a competitive market. Its portfolio mainly consists of first-lien senior secured debt, which has a low non-accrual rate and benefits from Blackstone's strong network. The Q3 results indicate significant portfolio growth, solid dividend coverage, and an increase in NAV per share, backed by a cautious balance sheet and an improved investment-grade credit rating.

On Tuesday, the S&P 500 and the Nasdaq Composite both rose, thanks to a boost from Nvidia's stock. Here are the key points CNBC is watching as we head into Wednesday.

The asset management company Blackstone is set to acquire a majority stake in the sandwich chain Jersey Mike's, with the deal valuing the company at around $8 billion.