BlackRock’s $1.25 Billion Note Offering

May 17, 2023

Cleary Gottlieb represented the underwriters, led by J.P. Morgan, BofA Securities, HSBC, and Barclays, in BlackRock Inc.’s offering of $1.25 billion aggregate principal amount of 4.75% notes due 2033.

The offering priced on May 17, 2023, and is expected to close on May 25, 2023.

BlackRock is the world’s largest publicly traded investment management firm. As of March 31, 2023, BlackRock had more than $9 trillion of assets under management.