U.S. Markets close in 4 hrs 31 mins

BlackRock, Inc. -- Moody's Rates BlackRock's New Senior Unsecured Notes Aa3

Moody's Investors Service ("Moody's") assigned an Aa3 rating to BlackRock, Inc.'s (BlackRock) new senior unsecured notes due April 2029. The offering is a takedown from a multiple seniority shelf registration statement of BlackRock, which was automatically declared effective by the SEC on 27 April 2018. BlackRock expects to use the net proceeds of this offering for general corporate purposes, which may include funding all or a portion of the $1.3 billion purchase price of its acquisition of eFront Holding SAS, repaying the $1 billion of outstanding 5.00% Notes due December 2019, or repaying borrowings under its commercial paper program.