04:50 PM EDT, 07/17/2024 (MT Newswires) -- BlackRock ( BLK ) said late Wednesday it priced a $2.5 billion offering of three tranches of senior unsecured notes.

The offering comprises $800 million of 4.6% notes due 2027, $500 million of 4.9% notes due 2035, and $1.20 billion of 5.35% notes due 2055.

The company expects the offering to close July 26 and plans to use the net proceeds to help fund its proposed acquisition of Preqin Holding.

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