BlackRock’s $2.5 Billion Offering

Cleary Gottlieb is representing the underwriters, led by Morgan Stanley, J.P. Morgan, BofA Securities, and Wells Fargo Securities, in BlackRock’s offering of $2.5 billion aggregate principal amount of senior unsecured notes in three series.

The notes will be issued by BlackRock’s wholly owned subsidiary, BlackRock Funding Inc., and will be fully and unconditionally guaranteed on a senior unsecured basis by BlackRock Inc.

The offering priced on July 17, 2024, and is expected to close on July 26, 2024.

BlackRock is the world’s largest publicly traded investment management firm. As of June 30, 2024, BlackRock had more than $10.6 trillion of assets under management.