BPPEH Issues €860 Million of Unsecured Notes and Redeems €600 Million 1.400% Notes due July 2022
Blackstone Property Partners Europe Holdings S.à r.l. (“BPPEH”) announces the successful issuance of €500 million 3.625% fixed rate notes due 2029 and £300 million 4.875% fixed rate notes due 2032 under its Euro Medium Term Note Programme.
The notes are rated BBB by S&P.
The net proceeds of the issuance will be used for general corporate purposes, including the repayment of the €600 million 1.400% Notes due on 6 July 2022 and certain bank debt. The repayment of the €600 million 1.400% Notes was completed on 3 May 2022.
Nothing in this announcement shall be considered an offer to sell, or a solicitation of an offer to purchase, securities of BPPEH. Securities of BPPEH may not be offered to U.S. persons, or persons located in the U.S., absent an exemption.
Blackstone Property Partners Europe Holdings S.à r.l. (“BPPEH”) invests in high-quality, substantially stabilised real estate assets across Europe. Investments are concentrated primarily in the logistics, residential and office sectors, with a focus on major European markets and key gateway cities. BPPEH is 100% owned by Blackstone Property Partners Europe.