MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, February 17, 2005 BlackRock Plans $250 MM Debt Offer BlackRock announced on Thursday that it is offering $250 million in convertible debt. The debt will bear interest at 2.625 percent annually, and be convertible on February 10, 2010. The firm will use the funds raised to repay monies used for the State Street Research & Management acquisition as well as general corporate purposes. The acquisition was funded with a $150 million bridge promissory note. The offering is open to qualified institutional buyers and is expected to close on February 23, 2005. Printed from: MFWire.com/story.asp?s=9068 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |