BlackRock Finance, Inc.: debt financing — BlackRock issues $1.25B of 4.750% Notes due 2033 in public offering

BlackRock Finance, Inc.

Offering of $1.25B aggregate principal amount of 4.750% Notes due 2033 completed on May 25, 2023.
Notes redeemable at make-whole prior to Feb 25, 2033; thereafter at par plus accrued interest.
Event of default includes 30-day interest payment failure, 60-day covenant breach, or bankruptcy.
Indenture requires consent for merger/sale of substantially all assets.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

BlackRock Finance, Inc. incurred senior notes of $1,250,000,000 with The Bank of New York Mellon at 4.750% maturing 2033.

Instrument: senior notes
Principal: $1,250,000,000
Counterparty: The Bank of New York Mellon
Rate: 4.750%
Maturity: 2033
Event: incurrence

Exact text from the filing

On May 25, 2023, BlackRock, Inc. (“BlackRock” or the “Company”) completed its underwritten public offering of $1,250,000,000 aggregate principal amount of its 4.750% Notes due 2033 (the “Notes”) pursuant to BlackRock’s registration statement on Form S-3 (File No. 333-255156).

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Source: SEC EDGAR

accession 0001193125-23-154340

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