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Borrowings (Tables)

6 Months Ended

Jun. 30, 2019

Carrying Value and Fair Value of Blackstone Issued Notes

		June 30, 2019								December 31, 2018
		Carrying				Fair				Carrying				Fair
Senior Notes		Value				Value (a)				Value				Value (a)
5.875%, Due 3/15/2021		$	399,174			$	422,160			$	398,947			$	421,720
4.750%, Due 2/15/2023			395,700				429,440				395,166				417,600
2.000%, Due 5/19/2025			336,883				367,462				339,959				352,197
1.000%, Due 10/5/2026			673,113				687,293				679,193				647,564
3.150%, Due 10/2/2027			296,880				297,630				296,717				285,030
1.500%, Due 4/10/2029			676,634				705,990				—				—
6.250%, Due 8/15/2042			238,328				314,725				238,221				289,225
5.000%, Due 6/15/2044			488,856				568,500				488,747				490,150
4.450%, Due 7/15/2045			344,097				370,300				344,038				329,770
4.000%, Due 10/2/2047			290,252				294,690				290,163				262,800
		$	4,139,917			$	4,458,190			$	3,471,151			$	3,496,056

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

Partnership's Borrowings Through Consolidated CLO Vehicles

Borrowings through the consolidated CLO vehicles consisted of the following:

June 30, 2019

December 31, 2018

Weighted-

Weighted-

Weighted-

Average

Weighted-

Average

Average

Remaining

Average

Remaining

Borrowing

Interest

Maturity in

Borrowing

Interest

Maturity in

Outstanding

Rate

Years

Outstanding

Rate

Years

Senior Secured Notes

$

6,527,175

4.13%

6.2

$

6,531,550

4.20%

7.5

Subordinated Notes

321,866

(a)

N/A

331,735

(a)

N/A

$

6,849,041

$

6,863,285

(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:

		June 30, 2019									December 31, 2018
					Amounts Due to Non-									Amounts Due to Non-
					Consolidated Affiliates									Consolidated Affiliates
					Borrowing									Borrowing
		Fair Value			Outstanding			Fair Value			Fair Value			Outstanding			Fair Value
Senior Secured Notes		$	6,519,453		$	42,750		$	45,243		$	6,476,434		$	3,250		$	3,201
Subordinated Notes			111,270			81,790			49,575			60,289			111,659			52,811
		$	6,630,723		$	124,540		$	94,818		$	6,536,723		$	114,909		$	56,012

Scheduled Principal Payments for Borrowings

Scheduled principal payments for borrowings as of June 30, 2019 were as follows:

					Blackstone Fund
		Operating			Facilities/CLO			Total
		Borrowings			Vehicles			Borrowings
2019		$	—		$	316		$	316
2020			—			—			—
2021			400,000			—			400,000
2022			—			—			—
2023			400,000			—			400,000
Thereafter			3,405,950			6,849,041			10,254,991
		$	4,205,950		$	6,849,357		$	11,055,307

X

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Schedule of Partnerships Borrowings Through Consolidated CLO Vehicles Table

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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.

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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.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
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