Blackstone Operating Borrowings

Revolving Credit Facility (a)

Senior Notes (b)

1.000%, Due 10/5/2026

3.150%, Due 10/2/2027

5.900%, Due 11/3/2027

1.625%, Due 8/5/2028

1.500%, Due 4/10/2029

2.500%, Due 1/10/2030

4.300%, Due 11/3/2030

1.600%, Due 3/30/2031

2.000%, Due 1/30/2032

2.550%, Due 3/30/2032

6.200%, Due 4/22/2033

3.500%, Due 6/1/2034

5.000%, Due 12/6/2034

4.950%, Due

6.250%, Due 8/15/2042

5.000%, Due 6/15/2044

4.450%, Due 7/15/2045

4.000%, Due 10/2/2047

3.500%, Due 9/10/2049

2.800%, Due 9/30/2050

2.850%, Due 8/5/2051

3.200%, Due 1/30/2052

Borrowings of Consolidated

Blackstone Funds

Blackstone Fund Facilities (c)

Represents the Revolving Credit Facility of Blackstone, through Blackstone Holdings Finance Co. L.L.C. Interest on the borrowings is based on an adjusted Secured Overnight Finance Rate (“SOFR”) or alternate base rate, in each case plus a margin, and undrawn commitments bear a commitment fee of 0.06%. The margin above adjusted SOFR used to calculate interest on borrowings was 0.75%. The margin is subject to change based on Blackstone’s credit rating. Borrowings may also be made in U.K. sterling, euros, Swiss francs, Japanese yen or Canadian dollars, in each case subject to certain The Revolving Credit Facility contains customary representations, covenants and events of default. Financial covenants consist of a maximum net leverage ratio and a requirement to keep a minimum amount of assets under management, each tested quarterly. As of March 31, 2026 and December 31, 2025, Blackstone had outstanding but undrawn letters of credit against the Revolving Credit Facility of $39.3 million. The amount Blackstone can draw from the Credit  

Fair value is determined by broker quote and these notes would be classified as Level II within the fair value hierarchy.

Blackstone Fund Facilities represent borrowing facilities for the various consolidated Blackstone Funds that are used to meet liquidity and investing needs. Such borrowings have varying maturities and may be rolled over until a disposition or refinancing event. Borrowings bear interest at spreads to market rates or at stated fixed rates that can vary over the borrowing term.