M&A - BlackRock Finance, Inc.

Form Type: 424B5

Filing Date: 2025-03-27

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525065568

Filing Summary: BlackRock, Inc., a leading investment management firm, is set to issue €1 billion of 3.750% notes due 2035, guaranteed by its wholly owned subsidiary, BlackRock Finance, Inc. The notes will bear interest at an annual rate of 3.750% and mature in 2035, with initial interest payments beginning in July 2025. The capital raised will contribute to BlackRock's financial flexibility, including the planned acquisition of HPS Investment Partners, expected to close in mid-2025. HPS is anticipated to contribute approximately $360 million in post-tax fee-related earnings in 2025. The firm remains active in ensuring compliance with regulatory standards while pursuing its investment strategies and expanding its global influence in asset management and technology services. BlackRock intends to list these notes on the NYSE with the first trading expected to begin shortly after the issue date. Risk factors are acknowledged, emphasizing the importance of due diligence and awareness of potential market volatility, economic conditions, and the integration of acquisitions.

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Form Type: S-3ASR

Filing Date: 2025-03-21

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525060341

Filing Summary: On March 21, 2025, BlackRock Finance, Inc. filed a registration statement under the Securities Act of 1933. This document outlines BlackRock, Inc. and BlackRock Finance, Inc.'s efforts to potentially sell various types of securities, including unsecured senior or subordinated debt securities, preferred stock, common stock, warrants, and subscription rights. The prospectus also details the global operations of BlackRock, managing $11.6 trillion in assets and employing around 21,100 people across more than 30 countries. It mentions the completion of the acquisition of Global Infrastructure Management, LLC in October 2024, marking a significant corporate action where BlackRock Finance became a wholly owned subsidiary of the newly renamed BlackRock, Inc. The filing discusses the nature and range of investment management services provided by BlackRock, including the investment and risk management platform, Aladdin, and mentions the ongoing risk factors associated with the business and potential upcoming acquisitions, including HPS Investment Partners. The registration statement is aligned with offering securities on a delayed basis under the 'shelf' registration process.

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