BlackRock, Inc. 8-K

What Happened

• On March 31, 2026, BlackRock, Inc. entered into Amendment No. 17 to its Five-Year Revolving Credit Agreement (with Wells Fargo Bank, N.A. as administrative agent).
• Amendment No. 17 increases the revolving facility commitments by $400,000,000 to an aggregate $6,300,000,000, extends the facility maturity for most lenders, and removes the secured overnight financing rate (SOFR) adjustment for SOFR-based loans. The amendment is filed as Exhibit 10.1 to the 8-K.

Key Details

• Increase in commitments: +$400,000,000, new total $6,300,000,000.
• Maturity changes: Maturity Date extended to March 31, 2031 for lenders that elected to extend; two non‑extending lenders’ commitments now mature March 31, 2028.
• Pricing/benchmark change: Removal of the SOFR adjustment for all SOFR-based loans.
• Agent and parties: Wells Fargo Bank, N.A. serves as administrative agent, swingline lender, issuing lender and L/C agent; other participating banks and financial institutions remain parties to the facility.

Why It Matters

• The amendment increases BlackRock’s available credit and extends its funding runway, which strengthens short‑term liquidity and gives more flexibility for cash management.
• Extending maturities reduces near‑term refinancing pressure for most lenders; however, a portion of the commitments (from two non‑extending lenders) still mature in 2028.
• Removing the SOFR adjustment changes how interest on SOFR‑based borrowings is calculated, which can affect borrowing costs under the facility.
• The company notes some lenders and their affiliates provide other banking and advisory services to BlackRock; the amendment itself is the material agreement disclosed and is filed as Exhibit 10.1.