BlackRock (BLK) Prices $2.5B Notes Offering
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BlackRock Successfully Prices $2.5 Billion Offering of Senior Notes
July 17, 2024 4:30 PM EDTNEW YORK--(BUSINESS WIRE)-- BlackRock, Inc. (NYSE: BLK) (BlackRock) today successfully priced a $2.5 billion debt offering consisting of three tranches of senior unsecured notes (collectively, the Notes):
$800,000,000 aggregate principal amount of 4.600% Notes due 2027
$500,000,000 aggregate principal amount of 4.900% Notes due 2035
$1,200,000,000 aggregate principal amount of 5.350% Notes due 2055
The Notes will be issued by BlackRocks wholly owned subsidiary, BlackRock Funding, Inc. (BlackRock Funding), and will be fully and unconditionally guaranteed on a senior unsecured basis by BlackRock. BlackRock intends to use the net proceeds of the offering to fund a portion of the cash... More
