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BlackRock logoBlackRock BLK

The company said it entered into an underwriting agreement on March 25, 2025 with BlackRock Finance, Inc. to sell to the underwriters notes totaling €1,000,000,000 with 3.750% maturing in 2035.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it entered into an underwriting agreement on March 25, 2025 with BlackRock Finance, Inc. to sell to the underwriters notes totaling €1,000,000,000 with 3.750% maturing in 2035.

  2. It said the notes are expected to be issued on or around April 3, 2025, subject to customary closing conditions. The notes will be unsecured and unsubordinated debt obligations, and BlackRock Finance will fully and unconditionally guarantee them on a senior unsecured basis.

  3. The company said it plans to use the net proceeds of the offering for general corporate purposes, which may include repaying all or part of its 1.25% notes maturing in 2025.

  4. BlackRock said the underwriters have provided investment banking, commercial lending and other services, and some are lenders under its $5.4 billion revolving credit facility maturing in March 2029. It also said some may hold part of its 1.25% notes maturing in 2025.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

BlackRock Enters €1,000,000,000 3.750% Notes Due 2035 Underwriting Agreement

The company said it entered into an underwriting agreement on March 25, 2025 with BlackRock Finance, Inc. to sell to the underwriters notes totaling €1,000,000,000 with 3.750% maturing in 2035.

Source · Based on the filing body and exhibits

Note Issuance Timing and Guarantee Structure

It said the notes are expected to be issued on or around April 3, 2025, subject to customary closing conditions. The notes will be unsecured and unsubordinated debt obligations, and BlackRock Finance will fully and unconditionally guarantee them on a senior unsecured basis.

Source · Based on the filing body and exhibits

Planned Use of Net Proceeds

The company said it plans to use the net proceeds of the offering for general corporate purposes, which may include repaying all or part of its 1.25% notes maturing in 2025.

Source · Based on the filing body and exhibits

Existing Relationships with Underwriters

BlackRock said the underwriters have provided investment banking, commercial lending and other services, and some are lenders under its $5.4 billion revolving credit facility maturing in March 2029. It also said some may hold part of its 1.25% notes maturing in 2025.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.