BlackRock entered into Amendment No. 17 to its revolving credit facility, increasing commitments by $400 million to $6.3 billion and extending the maturity date to March 31, 2031.
Key takeaways
Total aggregate commitment increased by $400 million to $6.3 billion, enhancing liquidity capacity.
Maturity date extended to March 31, 2031 for most lenders, with two non-extending lenders maturing March 31, 2028.
SOFR adjustment removed for all SOFR-based loans, potentially reducing borrowing costs.
Wells Fargo Bank, National Association serves as administrative agent for the facility.