The Blackstone Group entered into an amended and restated $1.5 billion revolving credit facility. Citibank served as administrative agent for the transaction.

According to a related 8-K filing, the new credit facility among other things, extends the maturity date of the revolving credit facility from May 29, 2019 to August 31, 2021; favorably updates the corporate ratings-based pricing grid used to determine the commitment fee and interest rate margin; increases the swingline loan sub-limit from $25 million to $100 million; increases the accordion feature from $1.60 billion to $2 billion and includes the realized “business development company” and “real estate investment trust” incentive carry in the definition of “combined EBITDA.”

Citigroup and Merrill Lynch were joint lead arrangers and Bank of America was syndication agent.

The New York City-based Blackstone Group is a multinational private equity, investment banking, alternative asset management and financial services corporation.