BlackRock Inc.
BlackRock Increases Revolving Credit Facility by $400 Million
Summary
On March 31, 2026, BlackRock, Inc. and certain of its subsidiaries entered into Amendment No. 17 to its Five-Year Revolving Credit Agreement, increasing the commitments by $400,000,000 to an aggregate commitment of $6,300,000,000, extending the maturity date to March 31, 2031, and removing the SOFR adjustment for all SOFR-based loans. The terms of the Existing Credit Agreement remain the same except as modified by Amendment No. 17.
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About BlackRock Inc.
BlackRock Inc. is a global investment management corporation renowned for its comprehensive array of investment and advisory services. Founded in 1988, the firm has emerged as one of the world's largest asset managers, with trillions of dollars under management. BlackRock's primary function is to provide investment solutions to an extensive client base, including individuals, corporations, governments, and foundations. The corporation is notable for its expansive suite of offerings, which encompass mutual funds, exchange-traded funds (ETFs), and other associated investment vehicles. Its iShares product line represents one of the most significant ETF platforms worldwide, influencing both retail and institutional sectors across diverse markets. The firm's technological innovation, epitomized by its Aladdin platform, integrates risk management, advisory services, and enterprise investment systems, thereby enhancing decision-making and investment efficiency. BlackRock plays a pivotal role in the financial market, impacting capital flows and investment trends globally, while also engaging with crucial aspects like environmental, social, and governance (ESG) criteria, increasingly shaping corporate practices and investor expectations.
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