BlackRock Prices $3B Offering Of Senior Notes Consisting Of Three Tranches
Portfolio Pulse from Benzinga Newsdesk
BlackRock has announced a $3 billion offering of senior notes divided into three tranches: $500 million at 4.70% due 2029, $1 billion at 5.00% due 2034, and $1.5 billion at 5.25% due 2054.
March 05, 2024 | 10:35 pm
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BlackRock's $3 billion senior notes offering could impact its financial leverage and interest expenses, potentially affecting its stock price.
The issuance of $3 billion in senior notes by BlackRock increases the company's debt, which could affect its leverage ratios and interest expenses. However, the impact on the stock price in the short term is uncertain as it depends on how investors perceive the use of proceeds from the debt offering and its effect on the company's financial health and growth prospects.
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