---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-068012"
form_type: "8-K"
ticker: null
cik: "0001364742"
company_name: "BlackRock Finance, Inc."
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T19:04:48.171756+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BlackRock subsidiary issues $3B in notes to fund GIP infrastructure deal

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-068012
- form_type: 8-K
- cik: 0001364742
- company_name: BlackRock Finance, Inc.
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364742/000119312524068012/0001193125-24-068012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364742/000119312524068012/d792632d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-068012
- JSON: https://secwatch.observer/filing/0001193125-24-068012.json
- Plain text: https://secwatch.observer/filing/0001193125-24-068012.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364742/000119312524068012/0001193125-24-068012-index.htm
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364742/000119312524068012/0001193125-24-068012-index.htm
- Debt Financings
  BlackRock Finance, Inc. entered an off-balance-sheet arrangement for guarantee with BlackRock.
  - Instrument: guarantee
  - Counterparty: BlackRock
  - Event: off balance sheet
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364742/000119312524068012/0001193125-24-068012-index.htm
- Debt Financings
  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
  source text: completed its underwritten public offering of $500,000,000 aggregate principal amount of 4.700% Notes due 2029
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364742/000119312524068012/0001193125-24-068012-index.htm
- Material Agreements
  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
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364742/000119312524068012/0001193125-24-068012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.