BlackRock, Inc. (NYSE:BLK) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item2.03 Creation of a Direct Financial Obligation or an
Obligation Under an Off-balance Sheet Arrangement
of a Registrant.
On March28, 2017, BlackRock, Inc. (BlackRock or the Company)
completed its underwritten public offering of $700million
aggregate principal amount of its 3.200% Notes due 2027 (the
Notes) to BlackRocks registration statement on Form S-3 (File
No.333-213143).
The Notes were issued to the Senior Indenture, dated as of
September17, 2007, between the Company and The Bank of New York
Mellon (formerly known as The Bank of New York), as trustee (the
Indenture).
At any time and from time to time, the Company may redeem the
Notes at a make-whole redemption price (as defined in the Notes).
In the case of any such redemption, the Company will also pay
accrued and unpaid interest, if any, to the redemption date.
Each of the following constitutes an event of default under the
Indenture: (1)failure to pay any interest on any debt security of
such series when due and payable, continued for 30 days;
(2)failure to pay any principal when due of such series at its
maturity; (3)failure to observe or perform any other covenants or
agreements of the Company with respect to such debt securities
for 60 days after the Company receives notice of such failure; or
(4)certain events of bankruptcy, insolvency or reorganization.
The Indenture includes requirements that must be met if the
Company consolidates or merges with, or sells all or
substantially all of the Companys assets to, another entity.
The foregoing summary is qualified in its entirety by reference
to the text of the Indenture, a copy of which is in Exhibit 4.5
to the Companys Annual Report on Form 10-K for the year ended
December31, 2007, and the Notes, a form of which is attached as
Exhibit4.1 to this Current Report on Form 8-K.
Item9.01 Financial Statements and Exhibits.
| (d) | Exhibits |
|
Exhibit Number |
Description |
|
| 4.1* |
Indenture, dated September17, 2007, between BlackRock, Inc. and The Bank of New York, as trustee. |
|
| 4.2 | Form of Note for the 3.200% Notes due 2027. | |
| 5.1 |
Opinion Letter of Skadden, Arps, Slate, Meagher Flom LLP regarding the validity of the Notes. |
|
| 23.1 |
Consent of Skadden, Arps, Slate, Meagher Flom LLP (included as part of Exhibit 5.1). |
| * |
Incorporated by reference to BlackRock, Inc.s Annual Report on Form 10-K for the year ended December31, 2007. |
About BlackRock, Inc. (NYSE:BLK)
BlackRock, Inc. is an investment management company. The Company provides a range of investment and risk management services to institutional and retail clients across the world. Its offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. The Company offers its BlackRock Solutions (BRS) investment and risk management technology platform, Aladdin; risk analytics, and advisory services and solutions to institutional investors. BRS also offers risk reporting capabilities via the Green Package and risk management advisory services; interactive fixed income analytics through its Web-based calculator, AnSer; outsourcing services, and investment accounting. BlackRock, Inc. (NYSE:BLK) Recent Trading Information
BlackRock, Inc. (NYSE:BLK) closed its last trading session up +4.52 at 379.52 with 614,093 shares trading hands.