KBRA Assigns Rating to BlackRock Private Credit Fund's $125 Million Senior Unsecured Notes
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KBRA has assigned a BBB- rating with a Stable Outlook to BlackRock Private Credit Fund's $125 million senior unsecured notes, which are due in 2027 and 2030. The notes include a $70 million tranche at 7.14% and a $55 million tranche at 7.33%. The proceeds will be used for general corporate purposes.
November 15, 2024 | 10:15 pm
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BlackRock's Private Credit Fund received a BBB- rating from KBRA for its $125 million senior unsecured notes, indicating moderate credit risk with a stable outlook.
The BBB- rating with a stable outlook suggests moderate credit risk, which is generally neutral for BlackRock's stock in the short term. The use of proceeds for general corporate purposes does not indicate any immediate financial stress or significant strategic shift.
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IMPORTANCE 60
RELEVANCE 70