Blackstone Holdings Finance Co. L.L.C priced an offering of $400,000,000 aggregate principal amount of its 4.75% Senior Notes due 2023 and $250,000,000 aggregate principal amount of its 6.25% Senior Notes due 2042. The notes are to be fully and unconditionally guaranteed by The Blackstone Group L.P., Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Blackstone intends to use the net proceeds from the sale of the notes for general corporate purposes.

The Blackstone Group L.P. announced its intention to offer, subject to market and other conditions, senior notes of Blackstone Holdings Finance Co. L.L.C., its indirect subsidiary. The notes will be fully and unconditionally guaranteed by The Blackstone Group L.P. and its indirect subsidiaries, Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Blackstone intends to use the proceeds from the notes offering for general corporate purposes. The notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933.

On July 13, 2012, Blackstone Holdings Finance Co. L.L.C as borrower, and Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P., as guarantors, entered into an amendment to the $1.100 billion revolving credit facility with Citibank, N.A., as Administrative Agent, and the Lenders party thereto. The second amendment, among other things, increased the commitments under the credit facility by $80,000,000 from $1.020 billion to $1.100 billion, extended the maturity date of the credit facility from April 8, 2016 to July 13, 2017 and updated the corporate ratings-based pricing grid used to determine the commitment fee and interest rate margin.