secwatch.observer — SEC 8-K summary
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Issuer:     BlackRock Finance, Inc. (—)
CIK:        0001364742
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001193125-24-068012
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364742/000119312524068012/0001193125-24-068012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364742/000119312524068012/d792632d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-068012

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