BLK BlackRock, Inc.
Price Chart
Executive Summary
BlackRock amended its five-year revolving credit agreement to increase total commitments by $400 million to $6.3 billion and extend the maturity date to March 31, 2031 for most lenders. The amendment also removes the SOFR adjustment for SOFR-based loans. This is a routine credit facility renewal and expansion that strengthens the company's financial position.
Key Financial Metrics
Actionable Insight
This is a standard credit facility renewal and expansion that maintains BlackRock's strong liquidity position. The modest increase and extension suggest conservative financial management rather than preparation for major acquisitions. Monitor for any changes in debt covenants or interest rate terms in future filings.
Key Facts
- Increased total commitments from $5.9 billion to $6.3 billion
- Extended maturity date to March 31, 2031 for extending lenders
- Two lenders did not extend, with commitments maturing March 31, 2028
- Removed SOFR adjustment for SOFR-based loans
- Amendment is part of routine credit facility management
Financial Impact
Increased borrowing capacity by $400 million with extended maturity
Risk Factors
- Two lenders chose not to extend their commitments
- Potential for increased borrowing costs if interest rates rise
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-142112 |
| Document: d101747d8k.htm | 0001193125-26-142112 |
| Document: 0001193125-26-142112-index-headers.html | 0001193125-26-142112 |
| Document: 0001193125-26-142112-index.html | 0001193125-26-142112 |
| Document: 0001193125-26-142112.txt | 0001193125-26-142112 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 31, 2026
9d ago
|
ANALYST-UPGRADE
| $1,070.09 $1,068.15 | ▼ −0.18% | ▼ −0.80% | $994.77 (−7.04%) |
|
May 20, 2026
20d ago
|
Press Release
| $1,061.88 $1,045.38 | ▼ −1.55% | ▼ −3.40% | $994.77 (−6.32%) |
|
May 13, 2026
27d ago
|
13F-HR
| $1,094.06 $1,050.13 | ▼ −4.02% | ▼ −3.88% | $994.77 (−9.08%) |
|
May 13, 2026
27d ago
|
Press Release
| $1,094.06 $1,036.30 | ▼ −5.28% | ▼ −4.12% | $994.77 (−9.08%) |
|
May 1, 2026
5w ago
|
ANALYST-UPGRADE
| $1,070.09 $1,068.15 | ▼ −0.18% | ▼ −0.80% | $994.77 (−7.04%) |
|
Apr 28, 2026
6w ago
|
144
| $1,039.36 $1,073.41 | ▲ +3.28% | ▲ +0.17% | $994.77 (−4.29%) |
|
Apr 27, 2026
6w ago
|
144
| $1,049.28 $1,052.25 | ▲ +0.28% | ▼ −1.41% | $994.77 (−5.19%) |
|
Apr 27, 2026
6w ago
|
Insider Cluster
| $1,053.65 $1,051.98 | ▼ −0.16% | ▼ −0.56% | $994.77 (−5.59%) |
|
Apr 24, 2026
6w ago
|
Press Release
| $1,053.65 $1,051.98 | ▼ −0.16% | ▼ −0.56% | $994.77 (−5.59%) |
|
Apr 20, 2026
7w ago
|
Press Release
| $1,048.41 $1,053.65 | ▲ +0.50% | ▼ −0.41% | $994.77 (−5.12%) |
US Market Status
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