BlackRock amends revolving credit to permit GIP acquisition and add new borrower

BlackRock Finance, Inc.

Amendment No. 14 to Five-Year Revolving Credit Agreement dated March 12, 2024, permits the GIP Transaction.
BlackRock Funding, Inc. added as a borrower and guarantor under the credit facility.
Sustainability-linked pricing mechanics updated; KPI metrics to be reset after GIP Transaction closes.
BlackRock achieved target KPI metrics for fiscal year 2023 under the previous agreement.
Terms of the credit agreement remain unchanged except as modified by Amendment No. 14.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

BlackRock Finance, Inc. amended Amendment No. 14 with Wells Fargo Bank, National Association (effective 2024-03-12).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Effective: 2024-03-12

Exact text from the filing

On March 12, 2024, BlackRock, Inc. (“BlackRock”) and certain of its subsidiaries entered into Amendment No. 14 (“Amendment No. 14”) to its Five-Year Revolving Credit Agreement

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Source: SEC EDGAR

accession 0001193125-24-069265

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