secwatch / observer
8-K filed April 3, 2023, 7:59 PM ET CIK 0001364742
debt confidence high sentiment neutral materiality 0.50

BlackRock Finance, Inc.: debt financing — BlackRock ups revolving credit facility to $5B, extends maturity to 2028

BlackRock Finance, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BlackRock Finance, Inc. amended revolving credit of $5,000,000,000 with Wells Fargo Bank, National Association at 10 bps (0.10%) per annum for all SOFR-based loans maturing March 31, 2028.

Instrument
revolving credit
Principal
$5,000,000,000
Counterparty
Wells Fargo Bank, National Association
Rate
10 bps (0.10%) per annum for all SOFR-based loans
Maturity
March 31, 2028
Event
amendment
Exact text from the filing
institutions referred to therein. Among other things, Amendment No. 13 (i) increases the commitments under the revolving facility by $300,000,000 to an aggregate commitment of $5,000,000,000, (ii) extends the maturity date (the “Maturity Date”) of the revolving facility to March 31, 2028 without utilizing BlackRock’s option to request extensions of the Maturity Date
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BlackRock Finance, Inc. amended Amendment No. 13 with Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein valued at $5,000,000,000 (effective 2023-03-31).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein
Value
$5,000,000,000
Effective
2023-03-31
Exact text from the filing
On March 31, 2023, BlackRock, Inc. (“BlackRock”) and certain of its subsidiaries entered into Amendment No. 13 (“Amendment No. 13”) to its Five-Year Revolving Credit Agreement, dated as of March 10, 2011
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-23-088446
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