BlackRock amends $6.3B credit facility

BlackRock, Inc. entered into Amendment No. 17 to its Five-Year Revolving Credit Agreement with Wells Fargo Bank and a syndicate of banks.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

BlackRock, Inc. entered into Amendment No. 17 to its Five-Year Revolving Credit Agreement with Wells Fargo Bank and a syndicate of banks. The amendment increases the revolving credit commitments by $400,000,000 to a total of $6,300,000,000.

The amendment also extends the facility’s Maturity Date to March 31, 2031 for most lenders, with two non-extending lenders maturing on March 31, 2028, and removes the secured overnight financing rate (SOFR) adjustment for all SOFR-based loans. All other terms of the existing agreement remain unchanged.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Commitment increase: $400,000,000 Total revolving commitments: $6,300,000,000 Amendment date: March 31, 2026 +2 more

5 metrics

Commitment increase $400,000,000 Incremental commitments added by Amendment No. 17

Total revolving commitments $6,300,000,000 Aggregate commitment under amended Credit Agreement

Amendment date March 31, 2026 Date of Amendment No. 17 execution

Extended maturity date March 31, 2031 Maturity Date for extending lenders under the facility

Non-extending lenders maturity March 31, 2028 Maturity for commitments of two non-extending lenders

Key Terms

Five-Year Revolving Credit Agreement, Maturity Date, secured overnight financing rate (SOFR), swingline lender, +1 more

5 terms

Five-Year Revolving Credit Agreement financial

"entered into Amendment No. 17 to its Five-Year Revolving Credit Agreement, dated as of March 10, 2011"

Maturity Date financial

"extends the maturity date (the “Maturity Date”) of the revolving facility to March 31, 2031"

The maturity date is the specific day when a loan, bond, or investment reaches its full term and the borrower must repay the borrowed amount in full. It is important for investors because it indicates when they will receive their initial money back and can plan their future financial steps accordingly. Think of it as the due date for a loan or the day a gift card or coupon expires.

secured overnight financing rate (SOFR) financial

"removes the secured overnight financing rate (SOFR) adjustment for all SOFR-based loans"

A secured overnight financing rate (SOFR) is the interest rate on very short, one‑day loans that are backed by high‑quality collateral (like government bonds), so lenders face less risk. Investors care because SOFR is a widely used benchmark that sets the cost of borrowing and the pricing of loans, bonds and derivatives; think of it as a trusted yardstick for short‑term interest costs that influences returns and valuations across markets.

swingline lender financial

"Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender"

off-Balance Sheet Arrangement financial

"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant"

An off-balance sheet arrangement is a financial commitment or asset that a company keeps out of its main financial statements so it does not show up as a direct asset or liability. Think of it like renting equipment or using a separate storage locker instead of putting the item in your home: the economic effects exist, but they aren’t listed on the company’s primary balance sheet. Investors care because these arrangements can hide risks, obligations or sources of cash flow that affect a company’s true financial strength and future performance.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change did BlackRock (BLK) make to its revolving credit facility?

BlackRock amended its Five-Year Revolving Credit Agreement through Amendment No. 17. The change increases total revolving commitments and extends the facility’s maturity for most lenders, while keeping the rest of the agreement’s terms the same.

How much did BlackRock increase its revolving credit commitments by in this 8-K?

BlackRock increased commitments under its revolving credit facility by $400,000,000. This brings the aggregate commitment under the amended Credit Agreement to $6,300,000,000, providing a larger committed borrowing capacity from the participating banks.

What is the new maturity date of BlackRock’s amended credit agreement?

The amended revolving credit facility now has a Maturity Date of March 31, 2031 for participating extending lenders. Two non-extending lenders will see their commitments mature earlier, on March 31, 2028, under the same overall agreement.

How did Amendment No. 17 affect SOFR-based loans for BlackRock?

Amendment No. 17 removed the secured overnight financing rate (SOFR) adjustment from all SOFR-based loans under the Credit Agreement. This alters the interest calculation mechanics while leaving other core terms of the revolving facility unchanged.

Which institutions are involved in BlackRock’s amended revolving credit facility?

Wells Fargo Bank, National Association serves as administrative agent, swingline lender, issuing lender, L/C agent, and lender. A syndicate of banks and other financial institutions also participate, some of which provide other financial and advisory services to BlackRock.

Does the 8-K indicate any off-balance sheet obligations for BlackRock?

The filing links the amended revolving credit facility to the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. It cross-references the Credit Agreement details without changing other terms of the existing facility.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/03/2026 - 04:05 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 31, 2026

BlackRock, Inc.

(Exact name of registrant as specified in its charter)

DELAWARE

001-42297

99-1116001

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)


50 Hudson Yards, New York, New York		10001
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 810-5800

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of exchange on which registered
Common Stock, $.01 par value	BLK	New York Stock Exchange
3.750% Notes due 2035	BLK 35	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry Into a Material Definitive Agreement.

On March 31, 2026, BlackRock, Inc. (“BlackRock”) and certain of its subsidiaries entered into Amendment No. 17 (“Amendment No. 17”) to its Five-Year Revolving Credit Agreement, dated as of March 10, 2011, as amended by Amendment No. 1 thereto, dated as of March 30, 2012, Amendment No. 2 thereto, dated as of March 28, 2013, Amendment No. 3 thereto, dated as of March 28, 2014, Amendment No. 4 thereto, dated as of April 2, 2015, Amendment No. 5 thereto, dated as of April 8, 2016, Amendment No. 6 thereto, dated as of April 6, 2017, Amendment No. 7 thereto, dated as of April 3, 2018, Amendment No. 8 thereto, dated as of March 29, 2019, Amendment No. 9 thereto, dated as of March 31, 2020, Amendment No. 10 thereto, dated as of March 31, 2021, Amendment No. 11 thereto, dated as of December 13, 2021, Amendment No. 12 thereto, dated as of March 31, 2022, Amendment No. 13 thereto, dated as of March 31, 2023, Amendment No. 14 thereto, dated as of March 12, 2024, Amendment No. 15 thereto, dated as of May 31, 2024, and Amendment No. 16 thereto, dated April 4, 2025 (the “Existing Credit Agreement” and, the Existing Credit Agreement as amended by Amendment No. 17, the “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. 17 (i) increases the commitments under the revolving facility by $400,000,000 to an aggregate commitment of $6,300,000,000, (ii) extends the maturity date (the “Maturity Date”) of the revolving facility to March 31, 2031 for lenders (other than two non-extending lenders) pursuant to BlackRock’s option to request extensions of the Maturity Date available under the Existing Credit Agreement (with the commitment of the non-extending lenders maturing on March 31, 2028) and (iii) removes the secured overnight financing rate (SOFR) adjustment for all SOFR-based loans. Except as modified by Amendment No. 17, the terms of the Existing Credit Agreement remain the same.

Certain of the financial institutions party to Amendment No. 17 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. 17 is not complete and is in all respects subject to the actual provisions of Amendment No. 17, 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 2.03 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 9.01

Financial Statements and Exhibits.

(d) Exhibits


Exhibit Number		Description

10.1		Amendment No. 17, dated as of March 31, 2026, 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.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


BlackRock, Inc.

(Registrant)

By:		/s/ R. Andrew Dickson III
Name:		R. Andrew Dickson III
Title:		Managing Director and Corporate Secretary

Date: April 3, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

EX-10.1 EX-10.1 1.0 MB

BlackRock amends $6.3B credit facility

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