v2.4.0.8

BORROWINGS (Tables) | 9 Months Ended
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Sep. 30, 2013
Carrying Value and Fair Value of Blackstone Issued Notes | The carrying value and fair value of the Blackstone issued notes, included in Loans Payable, were:
|  | September 30, 2013 |  |  | December 31, 2012 |
|  | Carrying Value |  |  | Fair Value (a) |  |  | Carrying Value |  |  | Fair Value (a) |
Blackstone Issued 6.625%, $600 Million Par, Notes Due 8/15/2019 (b) |  | $ | 634,710 |  |  | $ | 687,317 |  |  | $ | 640,220 |  |  | $ | 682,344 |
Blackstone Issued 5.875%, $400 Million Par, Notes Due 3/15/2021 |  | $ | 398,502 |  |  | $ | 447,920 |  |  | $ | 398,386 |  |  | $ | 456,200 |
Blackstone Issued 4.750%, $400 Million Par, Notes Due 2/15/2023 |  | $ | 393,053 |  |  | $ | 416,920 |  |  | $ | 392,629 |  |  | $ | 426,160 |
Blackstone Issued 6.250%, $250 Million Par, Notes Due 8/15/2042 |  | $ | 239,707 |  |  | $ | 265,150 |  |  | $ | 239,619 |  |  | $ | 275,275 |
(a) | Fair value is determined by broker quote and these notes would be classified as Level II within the fair value hierarchy.
(b) | The carrying and fair values are determined using the original $600 million par amount less $15 million attributable to these notes which were acquired but not retired by Blackstone during 2012.
Partnership's Borrowings Through Consolidated CLO Vehicles | Borrowings through the consolidated CLO vehicles consisted of the following:
|  | September 30, 2013 |  |  | December 31, 2012 |
|  | Borrowing Outstanding |  |  | Weighted- Average Interest Rate |  |  | Weighted- Average Remaining Maturity in Years |  |  | Borrowing Outstanding |  |  | Weighted- Average Interest Rate |  |  | Weighted- Average Remaining Maturity in Years |
Senior Secured Notes |  | $ | 9,006,731 |  |  |  | 1.28 | % |  |  | 4.2 |  |  | $ | 11,518,111 |  |  |  | 1.34 | % |  |  | 4.6 |
Subordinated Notes |  |  | 1,207,626 |  |  |  |  | (a) |  |  | N/A |  |  |  | 1,449,191 |  |  |  |  | (a) |  |  | 2.6 |
|  | $ | 10,214,357 |  |  |  |  |  |  |  |  |  |  | $ | 12,967,302 |  |  |  |  |  |  |  |  |
(a) | The Subordinated Notes do not have contractual interest rates but instead receive distributions from the excess cash flows of the CLO vehicles.
Components of Senior Secured Notes and Subordinated Notes | Senior Secured Notes and Subordinated Notes comprise the following amounts:
|  | September 30, 2013 |  |  | December 31, 2012 |
|  |  |  |  | Amounts Due to Non- Consolidated Affiliates |  |  |  |  |  | Amounts Due to Non- Consolidated Affiliates |
|  | Fair Value |  |  | Borrowing Outstanding |  |  | Fair Value |  |  | Fair Value |  |  | Borrowing Outstanding |  |  | Fair Value |
Senior Secured Notes |  | $ | 8,641,507 |  |  | $ | 22,000 |  |  | $ | 21,018 |  |  | $ | 10,695,136 |  |  | $ | 22,000 |  |  | $ | 18,229 |
Subordinated Notes |  | $ | 605,380 |  |  | $ | 213,037 |  |  | $ | 109,317 |  |  | $ | 846,471 |  |  | $ | 258,156 |  |  | $ | 172,899 |
Scheduled Principal Payments for Borrowings | Scheduled principal payments for borrowings as of September 30, 2013 were as follows:
|  | Operating Borrowings |  |  | Blackstone Fund Facilities / CLO Vehicles |  |  | Total Borrowings |
2013 |  | $ | 297 |  |  | $ | 9,859 |  |  | $ | 10,156 |
2014 |  |  | 5,040 |  |  |  | 3,993 |  |  |  | 9,033 |
2018 and Thereafter |  |  | 1,635,000 |  |  |  | 10,214,357 |  |  |  | 11,849,357 |
Total |  | $ | 1,640,337 |  |  | $ | 10,228,209 |  |  | $ | 11,868,546 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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