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Blackstone Group LP (BX.N)

BX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Blackstone Mortgage Trust Qtrly Core Eps $0.65
Tuesday, 13 Feb 2018 04:53pm EST 

Feb 13 (Reuters) - Blackstone Mortgage Trust Inc ::BLACKSTONE MORTGAGE TRUST REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 EARNINGS PER SHARE $0.59.QTRLY CORE EPS $0.65.QTRLY BOOK VALUE PER SHARE OF $26.93.Q4 EARNINGS PER SHARE VIEW $0.63 -- THOMSON REUTERS I/B/E/S.  Full Article

Blackstone Names Jon Gray COO
Tuesday, 13 Feb 2018 11:00am EST 

Feb 13 (Reuters) - Blackstone Group LP ::JON GRAY NAMED PRESIDENT AND CHIEF OPERATING OFFICER OF BLACKSTONE.TONY JAMES NAMED EXECUTIVE VICE CHAIRMAN.KEN CAPLAN AND KATHLEEN MCCARTHY NAMED GLOBAL CO-HEADS OF REAL ESTATE, SUCCEEDING JON GRAY.  Full Article

Blackstone says no final decision on whether to convert to a C-Corp
Thursday, 1 Feb 2018 08:36am EST 

Feb 1 (Reuters) - Blackstone Group Lp ::COO TONY JAMES SAYS NOT GOING TO BE ABLE TO SUSTAIN SUCH RECORD PERFORMANCE EVERY YEAR BUT RIGHT NOW WE’RE FIRING ON ALL CYLINDERS -EARNINGS CALL.BLACKSTONE COO SAYS HAVE NOT MADE FINAL DECISION ON WHETHER TO CONVERT TO A C-CORP; HAVE TO DETERMINE WHETHER ANY PICKUP IN MARKET VALUE AND MULTIPLE IS SUFFICIENT TO JUSTIFY THE TAX LEAKAGE.BLACKSTONE COO SAYS VERY CONFIDENT WILL REACH $40 BILLION CAPACITY IN INFRASTRUCTURE FUND BUT WILL BUILD ITS WAY UP TO THAT IN NEXT DECADE OR SO, FUND WILL HAVE NORMAL-SIZED FIRST CLOSE.  Full Article

Blackstone Group Qtrly Net Income Per Common Unit $0.42
Thursday, 1 Feb 2018 07:49am EST 

Feb 1 (Reuters) - Blackstone Group Lp ::QTRLY TOTAL REVENUES $1.88‍​ BILLION VERSUS $1.57 BILLION.QTRLY NET INCOME PER COMMON UNIT $0.42.ECONOMIC NET INCOME WAS $850 MILLION ($0.71/UNIT) IN QUARTER,UP 5% YEAR-OVER-YEAR.DECLARED A FOURTH QUARTER DISTRIBUTION OF$0.85 PER COMMON UNIT PAYABLE ON FEBRUARY 20,2018‍​.DISTRIBUTABLE EARNINGS WAS $1.2 BILLION ($1.00/UNIT) IN QUARTER,UP 94%YEAR-OVER-YEAR.QUARTER END TOTAL ASSETS UNDER MANAGEMENT INCREASED 18 PERCENT YEAR-OVER-YEAR TO $434.1 BILLION DRIVEN BY $108 BILLION OF INFLOWS.Q4 EARNINGS PER SHARE VIEW $0.67, REVENUE VIEW $1.74 BILLION -- THOMSON REUTERS I/B/E/S.FEE RELATED EARNINGS WAS $328 MILLION IN QUARTER, UP 11% YEAR-OVER-YEAR.QTRLY INFLOWS WERE $62.2 BILLION, BRINGING FULL YEAR INFLOWS TO $108 BILLION.ENACTMENT OF TAX ACT IN Q4 RESULTED IN INCOME OF $404 MILLION RELATED TO A REDUCTION TO THE TAX RECEIVABLE LIABILITY.BLACKSTONE GROUP - ENACTMENT OF TAX ACT IN Q4 RESULTED IN INCREASE IN PROVISION FOR TAXES OF $501 MILLION DUE TO PARTIAL REVERSAL OF DEFERRED TAX ASSETS.  Full Article

Pitney Bowes Received Interest From Blackstone, Carlyle‍​- CNBC, Citing Report‍​
Thursday, 11 Jan 2018 03:03pm EST 

Jan 11 (Reuters) - :PITNEY BOWES HAS RECEIVED INTEREST FROM BLACKSTONE AND CARLYLE‍​- CNBC, CITING A REPORT‍​.  Full Article

Pure Industrial Real Estate To Be Acquired By Blackstone For $8.10 In Cash Per Unit In $3.8 Bln Transaction
Tuesday, 9 Jan 2018 08:00am EST 

Jan 9 (Reuters) - Pure Industrial Real Estate Trust ::PURE INDUSTRIAL REAL ESTATE TRUST - TRANSACTION IS STRUCTURED AS A STATUTORY PLAN OF ARRANGEMENT UNDER BRITISH COLUMBIA BUSINESS CORPORATIONS ACT.PURE INDUSTRIAL REAL ESTATE TRUST - ‍TRANSACTION HAS UNANIMOUS SUPPORT OF SPECIAL COMMITTEE, AS WELL AS FULL BOARD OF TRUSTEES OF PIRET​.PURE INDUSTRIAL REAL ESTATE TRUST - TRUST WILL CONTINUE TO PAY NORMAL MONTHLY DISTRIBUTIONS IN ORDINARY COURSE, THROUGH CLOSING OF TRANSACTION.PURE INDUSTRIAL REAL ESTATE TRUST - IN CERTAIN CIRCUMSTANCES, BLACKSTONE REQUIRED TO PAY $220 MILLION BREAK FEE TO PIRET UPON TERMINATION OF DEAL.PURE INDUSTRIAL REAL ESTATE TRUST ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY BLACKSTONE FOR $8.10 IN CASH PER UNIT IN A $3.8 BILLION TRANSACTION.  Full Article

Celanese Statement On Proposed Joint Venture With Blackstone
Monday, 8 Jan 2018 04:30pm EST 

Jan 8 (Reuters) - Celanese Corp ::CELANESE STATEMENT ON PROPOSED JOINT VENTURE WITH BLACKSTONE.CELANESE-‍CONTINUES TO WORK COOPERATIVELY WITH EUROPEAN COMMISSION FOR SUCCESSFUL CLOSE OF ONGOING MERGER REVIEW PROCESS OF PROPOSED JV WITH BLACKSTONE​.CELANESE - "‍AS PART OF STANDARD REVIEW PROCESS OF A PHASE II INVESTIGATION WE CONFIRM RECEIPT OF STATEMENT OF OBJECTIONS​".  Full Article

Hovnanian Enterprises Announces Credit Agreement And Refinancing Transaction With GSO Capital Partners
Thursday, 28 Dec 2017 04:37pm EST 

Dec 28 (Reuters) - Hovnanian Enterprises Inc ::HOVNANIAN ENTERPRISES, INC. ANNOUNCES CREDIT AGREEMENT AND REFINANCING TRANSACTION WITH GSO CAPITAL PARTNERS.HOVNANIAN ENTERPRISES - DEAL WITH GSO CAPITAL TO REFINANCE CERTAIN OF CO'S DEBT SECURITIES MATURING IN 2019 & TO BUY $25 MILLION OF CO'S SECURED DEBT SECURITIES.HOVNANIAN ENTERPRISES INC - ‍GSO PARTIES HAVE COMMITTED TO PROVIDE CO WITH NEW $125 MILLION SENIOR SECURED FIRST LIEN REVOLVING CREDIT FACILITY​.HOVNANIAN ENTERPRISES - INTENDS TO USE $75 MILLION OF $125 MILLION REVOLVING CREDIT FACILITY TO REFINANCE ITS CURRENT $75 MILLION FIRST PRIORITY SECURED TERM LOAN.  Full Article

Gates Industrial Corp Files For IPO Of Up To $100 Mln
Wednesday, 27 Dec 2017 03:26pm EST 

Dec 27 (Reuters) - Gates Industrial Corp Plc::GATES INDUSTRIAL CORP SAYS APPLIED TO LIST ORDINARY SHARES ON THE NYSE UNDER THE SYMBOL “GTES”.GATES INDUSTRIAL - AFTER OFFERING, AFFILIATES OF BLACKSTONE TO CONTINUE TO OWN MAJORITY VOTING POWER OF SHARES ELIGIBLE FOR DIRECTOR ELECTION.GATES INDUSTRIAL CORP SAYS CITIGROUP, MORGAN STANLEY, UBS INVESTMENT BANK ARE AMONG UNDERWRITERS TO IPO.GATES INDUSTRIAL CORP SAYS BARCLAYS, CREDIT SUISSE, GOLDMAN SACHS & CO. LLC ARE AMONG UNDERWRITERS TO IPO.GATES INDUSTRIAL CORPORATION PLC FILES FOR IPO OF UP TO $100 MILLION.  Full Article

Blackstone Buys Back 10 Pct Of Logicor From CIC- FT,Citing Sources
Tuesday, 12 Dec 2017 12:27am EST 

Dec 12 (Reuters) - :BLACKSTONE BUYS BACK 10 PERCENT OF LOGICOR FROM CIC- FT,CITING SOURCES.CHINA INVESTMENT CORP HAS HIRED BLACKSTONE TO MANAGE LOGICOR'S PORTFOLIO OF WAREHOUSES AND LOGISTICS PROPERTIES - FT, CITING SOURCES‍​.  Full Article

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Terms emerge on financing for Blackstone's Thomson Reuters unit buy

NEW YORK (LPC) - Details of the $13.5 billion loan and bond financing backing U.S. private equity firm Blackstone Group’s acquisition of a majority stake in Thomson Reuters’ Financial and Risk (F&R) unit are emerging, banking sources said on Thursday.