BlackRock, Inc. (NYSE:BLK) Files An 8-K Entry into a Material Definitive Agreement

BlackRock, Inc. (NYSE:BLK) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement.

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On April3, 2018, BlackRock, Inc. (“BlackRock”) and certain of its subsidiaries entered into Amendment No.7 (“Amendment No.7”) to its Five-Year Revolving Credit Agreement, dated as of March10, 2011, as amended by Amendment No.1 thereto, dated as of March30, 2012, Amendment No.2 thereto, dated as of March28, 2013, Amendment No.3 thereto, dated as of March28, 2014, Amendment No.4 thereto, dated as of April2, 2015, Amendment No.5 thereto, dated as of April8, 2016 and Amendment No.6 thereto, dated as of April6, 2017 (the “Existing Credit Agreement”), with Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.

Among other things, Amendment No.7 extends the maturity date (the “Maturity Date”) of the revolving facility to March31, 2023 without utilizing BlackRock’s option to request extensions of the Maturity Date available under the Existing Credit Agreement. Except as modified by Amendment No.7, the terms of the Existing Credit Agreement remain the same.

Certain of the financial institutions party to Amendment No.7 and their affiliates have provided, and may in the future provide, investment banking, commercial lending, financial advisory and other services for BlackRock, and have received customary fees and expenses for these services.

The foregoing description of the terms and conditions of Amendment No.7 is not complete and is in all respects subject to the actual provisions of Amendment No.7, a copy of which has been filed as Exhibit 10.1 to this Current Report on Form 8-K and which is incorporated by reference herein.

Item 1.01 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information included in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 1.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Number

Description

10.1 Amendment No.7, dated as of April 3, 2018, by and among BlackRock, Inc., certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.

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BlackRock Inc. Exhibit
EX-10.1 2 d555288dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 AMENDMENT NO. 7 TO FIVE-YEAR REVOLVING CREDIT AGREEMENT THIS AMENDMENT NO. 7 TO FIVE-YEAR REVOLVING CREDIT AGREEMENT (this “Amendment”) is dated as of April 3,…
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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.

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