UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 2, 2015 (April 2, 2015)
 
 
BlackRock, Inc.
(Exact name of registrant as specified in its charter)
 
 
DELAWARE
 
001-33099
 
32-0174431
         
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
     
55 East 52nd Street, New York, New York
 
10055
     
(Address of principal executive offices)
 
(Zip Code)
 
 
Registrant’s telephone number, including area code: (212) 810-5300
 
(Former name or former address, if changed since last report.)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
£
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
£
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
£
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 
 
Item 1.01 Entry Into a Material Definitive Agreement.
 
On April 2, 2015, BlackRock, Inc. (“BlackRock”) and certain of its subsidiaries entered into Amendment No. 4 (“Amendment No. 4”) to its Five-Year Revolving Credit Agreement, dated as of March 10, 2011, as amended by Amendment No. 1 thereto, dated as of March 30, 2012, Amendment No. 2 thereto, dated as of March 28, 2013, and Amendment No. 3 thereto, dated as of March 28, 2014 (the “Existing Credit Agreement”), with Wells Fargo Bank, National Association, as administrative agent, swingline lender, issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.
 
Among other things, Amendment No. 4 (i) increases the size of the revolving credit facility under the Existing Credit Agreement (the “Revolving Facility”) to $4,000,000,000, (ii) extends the maturity date (the “Maturity Date”) of the Revolving Facility to March 31, 2020 without utilizing BlackRock’s option to request extensions of the Maturity Date available under the Existing Credit Agreement, (iii) adds a sub-limit for designated borrowers to the Revolving Facility, including a $1,500,000,000 sub-limit for BlackRock Group Limited, a designated borrower incorporated and organized under the laws of England and Wales and (iv) increases the size of the letter of credit subfacility to $4,0000,000,000 (with a $200,000,000 sub-limit for the issuance of fronted letters of credit). Except as modified by Amendment No. 4, the terms of the Revolving Facility remain the same.
 
Certain of the financial institutions party to Amendment No. 4 and their affiliates have provided, and may in the future provide, investment banking, commercial lending, financial advisory and other services for BlackRock, and have received customary fees and expenses for these services.
 
The foregoing description of the terms and conditions of Amendment No. 4 is not complete and is in all respects subject to the actual provisions of Amendment No. 4, a copy of which has been filed as Exhibit 10.1 to this Current Report on Form 8-K and which is incorporated by reference herein.
 
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
 
The information included in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
 
Item 9.01 Financial Statements and Exhibits.
 
 
(d)
Exhibits
 
 
Exhibit
Number
 
 
Description
10.1
 
Amendment No. 4, dated as of April 2, 2015, by and among BlackRock, Inc., certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, swingline lender, issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.
 
 
 
 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
BlackRock, Inc.
 
(Registrant)
     
 
By
 
/s/ Daniel R. Waltcher
 
Name:
 
Daniel R. Waltcher
 
Title:
 
Managing Director, Deputy General Counsel and Assistant Secretary
 
Date: April 2, 2015

 
 
 
 
EXHIBIT INDEX
 
 
Exhibit
Number
 
Description
10.1
 
Amendment No. 4, dated as of April 2, 2015, by and among BlackRock, Inc., certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, swingline lender, issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.