BlackRock issues €1 billion in senior notes due 2035

BlackRock, Inc. (NYSE:BLK), the $138 billion market cap financial giant with a GOOD financial health score according to InvestingPro, has successfully issued €1 billion in senior unsecured notes, with the transaction completed on Thursday. The notes, bearing an interest rate of 3.75% and maturing in 2035, are guaranteed by BlackRock Finance, Inc., a wholly-owned subsidiary of BlackRock.

The offering was conducted under an existing shelf registration statement filed on March 21, 2025. The generated funds are earmarked for general corporate purposes, including the potential repayment of BlackRock’s outstanding 1.25% notes due later this year.

BlackRock retains the option to redeem these new notes either in whole or in part before the Par Call Date, set three months prior to their maturity, using a "make-whole" redemption price. Post the Par Call Date, the redemption price will be equal to 100% of the principal amount plus any accrued interest.

The agreement includes standard clauses for an event of default, which encompass non-payment of interest or principal, failure to observe other covenants, and specified bankruptcy events. Additionally, provisions are in place for scenarios involving mergers, consolidations, or asset sales.

The details of the indenture and notes are outlined in the exhibits attached to the SEC filing, which serve as the source of this information.

In other recent news, BlackRock has made several noteworthy announcements. The company has issued €1 billion in senior unsecured notes due in 2035, with proceeds aimed at general corporate purposes and potentially repaying existing debt. This financial maneuver underscores BlackRock’s strategy to manage its debt portfolio effectively. Additionally, BlackRock has introduced a new model portfolio that blends public and private assets, a move designed to expand its reach in the private market sector. This strategy aligns with the firm’s ongoing efforts to diversify and solidify its position in private markets.

In corporate collaboration news, a consortium including BlackRock, Allianz (ETR:ALVG), and T&D Holdings has agreed to acquire a stake in Viridium Group, a European life insurance consolidation platform. This transaction, valued at approximately 3.5 billion Euro, is expected to close in the second half of 2025, pending regulatory approvals. Meanwhile, a planned sale of CK Hutchison’s Panama Canal ports to a BlackRock-led group has been delayed, though the agreement remains intact. These developments reflect BlackRock’s active engagement in strategic partnerships and market expansion efforts.

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