v2.4.0.8

BORROWINGS (Tables) | 9 Months Ended
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Sep. 30, 2014
Carrying Value and Fair Value of Blackstone Issued Notes | The carrying value and fair value of the Blackstone issued notes, included in Loans Payable within the Condensed Consolidated Statements of Financial Condition, were:
|  | September 30, 2014 |  |  | December 31, 2013 |
|  | Carrying Value |  |  | Fair Value (a) |  |  | Carrying Value |  |  | Fair Value (a) |
Blackstone Issued 6.625%, $600 Million Par, Notes Due 8/15/2019 (b) |  | $ | 627,081 |  |  | $ | 694,688 |  |  | $ | 632,823 |  |  | $ | 684,860 |
Blackstone Issued 5.875%, $400 Million Par, Notes Due 3/15/2021 |  | $ | 398,667 |  |  | $ | 464,680 |  |  | $ | 398,543 |  |  | $ | 447,120 |
Blackstone Issued 4.750%, $400 Million Par, Notes Due 2/15/2023 |  | $ | 393,651 |  |  | $ | 433,280 |  |  | $ | 393,202 |  |  | $ | 415,760 |
Blackstone Issued 6.250%, $250 Million Par, Notes Due 8/15/2042 |  | $ | 239,832 |  |  | $ | 307,725 |  |  | $ | 239,738 |  |  | $ | 278,550 |
Blackstone Issued 5.000%, $500 Million Par, Notes Due 6/15/2044 |  | $ | 492,988 |  |  | $ | 518,300 |  |  | $ | — |  |  | $ | — |
(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, 2014 |  |  | December 31, 2013 |
|  | 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 |  | $ | 5,460,411 |  |  |  | 1.03 | % |  |  | 3.5 |  |  | $ | 8,605,553 |  |  |  | 1.09 | % |  |  | 4.1 |
Subordinated Notes |  |  | 734,206 |  |  |  | (a | ) |  |  | N/A |  |  |  | 1,221,068 |  |  |  | (a | ) |  |  | N/A |
|  | $ | 6,194,617 |  |  |  |  |  |  |  |  |  |  | $ | 9,826,621 |  |  |  |  |  |  |  |  |
(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, 2014 |  |  | December 31, 2013 |
|  |  |  |  | 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 |  | $ | 5,322,648 |  |  | $ | 4,500 |  |  | $ | 4,367 |  |  | $ | 8,302,572 |  |  | $ | 14,500 |  |  | $ | 13,732 |
Subordinated Notes |  | $ | 360,272 |  |  | $ | 40,059 |  |  | $ | 23,218 |  |  | $ | 610,435 |  |  | $ | 224,444 |  |  | $ | 110,197 |
Scheduled Principal Payments for Borrowings | Scheduled principal payments for borrowings as of September 30, 2014 were as follows:
|  | Operating Borrowings |  |  | Blackstone Fund Facilities/CLO Vehicles |  |  | Total Borrowings |
2014 |  | $ | — |  |  | $ | — |  |  | $ | — |
2015 |  |  | — |  |  |  | 6,823 |  |  |  | 6,823 |
2016 |  |  | — |  |  |  | — |  |  |  | — |
2017 |  |  | — |  |  |  | — |  |  |  | — |
After 2018 |  |  | 2,135,000 |  |  |  | 6,194,617 |  |  |  | 8,329,617 |
Total |  | $ | 2,135,000 |  |  | $ | 6,201,440 |  |  | $ | 8,336,440 |

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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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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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