BlackRock establishes $5B commercial paper program, replaces $4B program after GIP acquisition

BlackRock, Inc.

New $5B commercial paper program replaces prior $4B program; notes guaranteed by BlackRock Finance, Inc.
Program established in connection with closing of Global Infrastructure Partners acquisition.
Notes will have maturities up to 397 days; proceeds for general corporate purposes.
Revolving credit facility expected to serve as liquidity backstop for issuances.

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