Welcome to our dedicated page for Blackstone news (Ticker: BX), a resource for investors and traders seeking the latest updates and insights on Blackstone stock.
Blackstone Inc. manages alternative investment strategies across private equity, real estate and real assets, credit and insurance, and other alternatives for institutional, insurance and individual investors. News about BX commonly covers operating and financial results, realization activity, dividend announcements, fund and platform launches, and investments made through Blackstone-affiliated strategies.
Recurring developments include Blackstone Real Estate Debt Strategies lending activity, Blackstone Life Sciences financings, energy-transition and power-generation investments, data-center and digital-infrastructure initiatives, and partnerships tied to enterprise technology and AI deployment. Coverage also reflects capital formation, portfolio-company activity and updates from public vehicles connected to Blackstone platforms.
Blackstone (NYSE: BX) has announced the opening of a new Real Estate office in Toronto, appointing Janice Lin as head of its Canadian real estate operations. With a portfolio of CAD 14 billion in real estate assets, Blackstone plans to enhance its presence in Canada, benefiting from its growing population and strong economic fundamentals. Nadeem Meghji highlighted the long-term belief in the Canadian economy, while Lin emphasized opportunities in logistics, office, and residential sectors.
Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL) announced the appointment of Michelle Greene to their Boards of Trustees, effective May 2, 2022. Greene is recognized for her expertise in ESG and sustainability, previously holding significant positions at the New York Stock Exchange and U.S. Department of the Treasury. This appointment aligns with Blackstone's commitment to integrating ESG principles into its operations and enhancing stakeholder engagement, within its $230 billion credit business, the firm's fastest-growing segment.
Atlantic Power Transmission LLC (APT), a Blackstone portfolio company, has announced a $50 million commitment to workforce development in New Jersey. This investment aims to create a workforce hub for the offshore wind industry, supporting the delivery of 3,600MW of offshore wind power. APT's initiative is projected to generate $1.5 billion in economic benefits and create 1,000 direct jobs annually during construction. The partnership emphasizes local manufacturing and training, showcasing APT's commitment to clean energy and community collaboration.
Blackstone (NYSE: BX) has appointed Len Laufer as a senior advisor, focusing on its Blackstone Growth (BXG) platform. Laufer, a notable figure in data science, has extensive experience in the financial services sector, having founded Argus Information and Advisory Services and led JPMorgan Chase’s data science initiatives. He emphasized the critical role of technology in business operations and expressed enthusiasm for working with the BXG team. Blackstone manages approximately $915 billion in assets across various investment vehicles globally.
AZZ Inc. announced on April 25, 2022, its plan to launch a $1.3 billion First Lien Senior Term Loan, known as the 2022 Term Loan B, to refinance existing debt and facilitate the acquisition of Sequa's Precoat Metals division for $1.28 billion. The financial strategy includes a $400 million Revolving Credit Facility and a proposed $240 million investment from Blackstone, contingent on the acquisition's closure. The financing aims to optimize the Company’s debt structure while supporting its growth in galvanizing and metal coating solutions.
Blackstone (NYSE: BX) has successfully closed its inaugural fund, BXLS Yield, raising $1.6 billion targeted at post-approval life sciences innovations. This fund, the largest of its kind, complements Blackstone's existing BXLS strategy focusing on late-stage product development. The dual capital pools aim to provide strategic financing solutions to life sciences companies during challenging market conditions, further solidifying Blackstone's position in the life sciences sector.
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) announced a public offering of $300 million in 5.50% convertible senior notes due 2027. The offering aims to close on March 29, 2022, with the potential to raise $345 million if the underwriters exercise their over-allotment option. Proceeds will be used for general corporate purposes, including debt repayment and funding new mortgage loans. The notes will convert at 27.5702 shares per $1,000 with a conversion premium of 15%, maturing on March 15, 2027.
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has launched a public offering of $300 million in convertible senior notes due 2027. The offering includes a 30-day option for underwriters to purchase an additional $45 million. Proceeds will be used for general corporate purposes, including repaying $402.5 million of existing debt and funding new commercial mortgage loans. The notes can be converted under specific circumstances, with the interest rate and conversion terms yet to be determined.
Invenergy Wind Offshore, supported by Invenergy and energyRe, won a significant offshore wind lease in the New York Bight, covering 83,976 acres with a bidding price of $645 million. The lease will be developed by Invenergy, with investment from a consortium including Blackstone Infrastructure Partners (BX), CDPQ, FirstLight Power, and Ullico. This project aims to enhance clean energy production and economic opportunities in the region, contributing to the U.S. offshore wind sector's growth.
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