Item 1.01 Entry into a Material Definitive Agreement.

On July 13, 2012, Blackstone Holdings Finance Co. L.L.C., as borrower, and Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P., as guarantors, entered into an amendment (the "Second Amendment") to the $1.100 billion revolving credit facility (as amended by the First Amendment dated as of April 8, 2011, the "Credit Facility") with Citibank, N.A., as Administrative Agent, and the Lenders party thereto. Blackstone Holdings Finance Co. L.L.C., Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. are indirect subsidiaries of The Blackstone Group L.P. The Second Amendment, among other things, increased the commitments under the Credit Facility by $80,000,000 from $1.020 billion to $1.100 billion, extended the maturity date of the Credit Facility from April 8, 2016 to July 13, 2017 and updated the corporate ratings-based pricing grid used to determine the commitment fee and interest rate margin.

The preceding is a summary of the terms of the Second Amendment and is qualified in its entirety by reference to the Second Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit No. Description 10.1 Second Amendment, dated as of July 13, 2012, to the Credit Agreement, dated as of March 23, 2010, among Blackstone Holdings Finance Co. L.L.C., as Borrower, Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P., as Guarantors, Citibank, N.A., as Administrative Agent and the Lenders party thereto.

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