BX · 10-Q · 2026Q2 · Full report
Outstanding Indebtedness
Blackstone Inc. · 2026-08-07 · Importance 49 · Surprise 6 · No source text
As of June 30, 2026, Blackstone had $12.392 billion of senior notes outstanding, with maturities ranging from October 2026 through January 2052 and coupon rates from 1.0% to 6.25%. The company also had $800.0 million outstanding under its $4.325 billion unsecured revolving credit facility, which matures October 16, 2030. The facility permits borrowings in U.K. sterling, euros, Swiss francs, Japanese yen and Canadian dollars, subject to sub-limits. Its financial covenants include a maximum net leverage ratio and a minimum level of fee-earning assets under management, tested quarterly.
Key facts
- Blackstone's $4.325 billion unsecured Revolving Credit Facility maturity date: October 16, 2030. source
- Blackstone Operating Borrowings contractually due July 1, 2026 to December 31, 2026: $685,320 (thousands) and total Blackstone Operating Borrowings: $13,191,740 (thousands). source
- Aggregate principal amount of senior notes outstanding as of June 30, 2026: $12,391,740 (thousands). source
- Interest on Blackstone Operating Borrowings total: $5,444,211 (thousands). source
- As of June 30, 2026, Blackstone had $800.0 million of outstanding borrowings under the Revolving Credit Facility. source
- Total Liabilities as of June 30, 2026: $27.5 billion, an increase of $1.6 billion from December 31, 2025. source
- Increase in total liabilities attributable to consolidated operating partnerships primarily attributable to increases of $752.1 million in Loans Payable and $432.8 million in Accrued Compensation and Benefits. source
- Interest Expense was $145,023 thousand for the three months ended June 30, 2026, an increase of $9,201 thousand or 7% compared to $135,822 thousand for the three months ended June 30, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -3.2% | Total Liabilities as of June 30, 2026: $27.5 billion, an increase of $1.6 billion from December 31, 2025. |
| liability | negative | realized | -1.5% | Increase in total liabilities attributable to consolidated operating partnerships primarily attributable to increases of $752.1 million in… |
| liability | negative | committed | -1.2% | Blackstone Operating Borrowings contractually due July 1, 2026 to December 31, 2026: $685,320 (thousands) and total Blackstone Operating… |
| liability | negative | realized | -0.9% | Increase in total liabilities attributable to consolidated operating partnerships primarily attributable to increases of $752.1 million in… |
| liability | negative | realized | — | Aggregate principal amount of senior notes outstanding as of June 30, 2026: $12,391,740 (thousands). |
| net_income | negative | realized | — | Interest on Blackstone Operating Borrowings total: $5,444,211 (thousands). |
| liability | negative | realized | — | As of June 30, 2026, Blackstone had $800.0 million of outstanding borrowings under the Revolving Credit Facility. |