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BlackRock plans to repay 3.5% notes due 2024 via new notes
By Marisa Wong
Los Angeles, May 17 – BlackRock, Inc. plans to repay of all or a portion of its outstanding 3.5% notes due 2024 using proceeds from an offering of new fixed-rate notes, according to a 424B5 filing with the Securities and Exchange Commission.
Currently there is $1 billion principal amount of the 2024 notes outstanding.
The investment management firm is based in New York.
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