BlackRock Completes €1 Billion Debt Offering with 2035 Maturity
New York, NY – April 3, 2025 – BlackRock, Inc. (NYSE: BLK) announced the completion of its €1 billion underwritten public offering of 3.750% Notes due 2035. The notes were issued pursuant to BlackRock’s shelf registration statement on Form S-3 and are unsecured and unsubordinated senior debt obligations, fully and unconditionally guaranteed by BlackRock Finance, Inc., a wholly owned subsidiary.

The offering closed under an Indenture dated April 3, 2025, with The Bank of New York Mellon acting as trustee and its London branch serving as paying agent. Proceeds will be used for general corporate purposes, including potential repayment of BlackRock’s 1.25% Notes due 2025.

The notes are redeemable at BlackRock’s discretion, either through a make-whole call before April 18, 2035, or at par thereafter. They also include a tax gross-up clause permitting early redemption under specific tax law changes.

Standard events of default, such as missed payments, covenant breaches, and insolvency, are outlined in the Indenture, along with merger and asset sale conditions.