debt
confidence high
sentiment neutral
materiality 0.55
BlackRock issues €1B 3.750% Notes due 2035; proceeds for general purposes, possible debt repayment
BlackRock, Inc.
- BlackRock and BlackRock Finance entered underwriting agreement for €1B of 3.750% Notes due 2035.
- Notes are senior unsecured obligations, fully guaranteed by BlackRock Finance.
- Net proceeds for general corporate purposes; may repay outstanding 1.25% Notes due 2025.
- Expected issuance around April 3, 2025, subject to customary closing conditions.