Item 1.01 Entry Into a Material Definitive Agreement.
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Among other things, Amendment No. 11 (i) changes the rate under the Existing Credit Agreement for borrowings denominated in Sterling from a rate based on the London Interbank Offered Rate (LIBOR) to a rate based on the Sterling Overnight Index Average (SONIA) subject to certain adjustments specified in the Credit Agreement, (ii) changes the rate under the Existing Credit Agreement for borrowings denominated in Euros from a LIBOR-based rate to a rate based on the Euro Interbank Offered Rate (EURIBOR) subject to certain adjustments specified in the Credit Agreement, (iii) changes the rate under the Existing Credit Agreement for borrowings denominated in Yen from a LIBOR-based rate to a rate based on the Tokyo Interbank Offered Rate (TIBOR) subject to adjustments specified in the Credit Agreement and (iv) updates certain other provisions regarding successor interest rates to LIBOR.
Certain of the financial institutions party to Amendment No. 11 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. 11 is not complete and is in all respects subject to the actual provisions of Amendment No. 11, 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. 11, dated as ofDecember 13, 2021 , by and amongBlackRock, Inc. , certain of its subsidiaries,Wells Fargo Bank, National Association , as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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