Reported 3 months ago
BlackRock has sold $2.5 billion in US investment-grade bonds to finance part of its $3.2 billion acquisition of Preqin, a private-markets data business. The bond sale, which involves a mix of maturity schedules including a 30-year note, aims to bolster BlackRock's expansion in private markets investing. This move follows another significant acquisition by the firm earlier this year and comes amid a negative outlook from Moody's regarding BlackRock's increased debt levels due to these acquisitions.
Source: YAHOO