NYSE:BLKCapital Markets
What BlackRock (BLK)'s Expanded Revolving Credit Facility and SOFR Shift Means For Shareholders
On March 31, 2026, BlackRock entered Amendment No. 17 to its long-standing five‑year revolving credit agreement, lifting total commitments by US$400,000,000 to US$6.30 billion, extending most lenders’ maturities to March 31, 2031, and removing the SOFR adjustment on all SOFR-based loans.
This latest amendment highlights BlackRock’s continued access to sizeable bank liquidity on largely unchanged terms, even as it refines its funding costs by eliminating the SOFR adjustment component.
We’ll...