BlackRock Finance, Inc.: debt financing — BlackRock subsidiary issues $3B in notes to fund GIP infrastructure deal

BlackRock Finance, Inc.

Issued $500M 4.700% notes due 2029, $1B 5.000% notes due 2034, and $1.5B 5.250% notes due 2054.
Proceeds intended to partially fund the proposed acquisition of Global Infrastructure Management, LLC (GIP).
If GIP deal not closed by Jan 12, 2025 (or extended date), 2029 and 2034 notes subject to special mandatory redemption at 101% plus accrued interest.
Notes are unsecured obligations of BlackRock Funding and fully guaranteed by BlackRock on a senior unsecured basis.

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. incurred senior notes of $1,500,000,000 aggregate principal amount with The Bank of New York Mellon at 5.250% maturing 2054.

Instrument: senior notes
Principal: $1,500,000,000 aggregate principal amount
Counterparty: The Bank of New York Mellon
Rate: 5.250%
Maturity: 2054
Event: incurrence

Exact text from the filing

The Notes were issued under the Indenture, dated as of March 14, 2024 (the “Base Indenture”), among BlackRock Funding, BlackRock and The Bank of New York Mellon, as trustee (the “Trustee”), as amended by the First Supplemental Indenture, dated as of March 14, 2024, among BlackRock Funding, BlackRock and the Trustee (the “First Supplemental Indenture” and together with the Base Indenture, the “Indenture”).

View on SEC.gov

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

BlackRock Finance, Inc. incurred senior notes of $1,000,000,000 aggregate principal amount with The Bank of New York Mellon at 5.000% maturing 2034.

Instrument: senior notes
Principal: $1,000,000,000 aggregate principal amount
Counterparty: The Bank of New York Mellon
Rate: 5.000%
Maturity: 2034
Event: incurrence

Exact text from the filing

The Notes were issued under the Indenture, dated as of March 14, 2024 (the “Base Indenture”), among BlackRock Funding, BlackRock and The Bank of New York Mellon, as trustee (the “Trustee”), as amended by the First Supplemental Indenture, dated as of March 14, 2024, among BlackRock Funding, BlackRock and the Trustee (the “First Supplemental Indenture” and together with the Base Indenture, the “Indenture”).

View on SEC.gov

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

BlackRock Finance, Inc. entered an off-balance-sheet arrangement for guarantee with BlackRock.

Instrument: guarantee
Counterparty: BlackRock
Event: off balance sheet

Exact text from the filing

BlackRock Inc. DE NY false 0001364742 0001364742 2024-03-14 2024-03-14 0001364742 us-gaap:CommonStockMember 2024-03-14 2024-03-14 0001364742 us-gaap:DeferrableNotesMember 2024-03-14 2024-03-14 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.

View on SEC.gov

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

BlackRock Finance, Inc. incurred senior notes of $500,000,000 aggregate principal amount with The Bank of New York Mellon at 4.700% maturing 2029.

Instrument: senior notes
Principal: $500,000,000 aggregate principal amount
Counterparty: The Bank of New York Mellon
Rate: 4.700%
Maturity: 2029
Event: incurrence

Exact text from the filing

completed its underwritten public offering of $500,000,000 aggregate principal amount of 4.700% Notes due 2029

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BlackRock Finance, Inc. entered into Indenture with The Bank of New York Mellon valued at $500,000,000 aggregate principal amount of 4.700% Notes due 2029, $1,000,000,000 aggregate principal (effective 2024-03-14).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon
Value: $500,000,000 aggregate principal amount of 4.700% Notes due 2029, $1,000,000,000 aggregate principal
Effective: 2024-03-14

Exact text from the filing

The Notes were issued under the Indenture, dated as of March 14, 2024 (the "Base Indenture"), among BlackRock Funding, BlackRock and The Bank of New York Mellon, as trustee (the "Trustee"), as amended by the First Supplemental Indenture, dated as of March 14, 2024, among BlackRock Funding, BlackRock and the Trustee (the "First Supplemental Indenture" and together with the Base Indenture, the "Indenture").

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001193125-24-068012

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.