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Financing ·

BlackRock increases revolving credit facility by $400 million to total of $6.3 billion

BLKBlackRock, Inc.

BlackRock, Inc. has amended its revolving credit agreement to increase the aggregate commitment by $400 million, bringing the total facility to $6.3 billion. The amendment also extends the maturity date to March 31, 2031, and removes the secured overnight financing rate (SOFR) adjustment for all SOFR-based loans.

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