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BlackRock logoBlackRock BLK

The company said that on April 4, 2025, BlackRock and certain of its subsidiaries entered into Amendment No. 16 to the Five-Year Revolving Credit Agreement, with Wells Fargo Bank, National Association, as administrative agent.

8-KEntry into a Material Definitive AgreementFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said that on April 4, 2025, BlackRock and certain of its subsidiaries entered into Amendment No. 16 to the Five-Year Revolving Credit Agreement, with Wells Fargo Bank, National Association, as administrative agent.

  2. BlackRock said Amendment No. 16 increases the revolving facility commitments by $500,000,000 to an aggregate commitment of $5,900,000,000.

  3. The company said it extended the maturity date of the revolving facility to March 31, 2030 for lenders other than one non-extending lender, whose commitment matures on March 31, 2028.

  4. It said Amendment No. 16 changes the threshold for the consolidated leverage ratio financial covenant in the Existing Credit Agreement, and that, except as modified, the terms of the Existing Credit Agreement remain the same.

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.

Amendment No. 16 Entered

The company said that on April 4, 2025, BlackRock and certain of its subsidiaries entered into Amendment No. 16 to the Five-Year Revolving Credit Agreement, with Wells Fargo Bank, National Association, as administrative agent.

Source · Based on the filing body and exhibits

Commitment Increased by $500,000,000

BlackRock said Amendment No. 16 increases the revolving facility commitments by $500,000,000 to an aggregate commitment of $5,900,000,000.

Source · Based on the filing body and exhibits

Maturity Date Extended

The company said it extended the maturity date of the revolving facility to March 31, 2030 for lenders other than one non-extending lender, whose commitment matures on March 31, 2028.

Source · Based on the filing body and exhibits

Leverage Ratio Covenant Threshold Changed

It said Amendment No. 16 changes the threshold for the consolidated leverage ratio financial covenant in the Existing Credit Agreement, and that, except as modified, the terms of the Existing Credit Agreement remain the same.

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.