BlackRock, Inc and certain of its subsidiaries entered into Amendment No. 9 ("Amendment No. 9") to its Five-Year Revolving Credit Agreement, dated as of March 10, 2011, as amended by Amendment No. 1 thereto, dated as of March 30, 2012, Amendment No. 2 thereto, dated as of March 28, 2013, Amendment No. 3 thereto, dated as of March 28, 2014, Amendment No. 4 thereto, dated as of April 2, 2015, Amendment No. 5 thereto, dated as of April 8, 2016, Amendment No. 6 thereto, dated as of April 6, 2017, Amendment No. 7 thereto, dated as of April 3, 2018 and Amendment No. 8 thereto, dated as of March 29, 2019 (the "Existing Credit Agreement"), with Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.

Among other things, Amendment No. 9 extends the maturity date (the "Maturity Date") of the revolving facility to March 31, 2025 without utilizing BlackRock's option to request extensions of the Maturity Date available under the Existing Credit Agreement. Except as modified by Amendment No. 9, the terms of the Existing Credit Agreement remain the same.

Certain of the financial institutions party to Amendment No. 9 and their affiliates have provided, and may in the future provide, investment banking, commercial lending, financial advisory and other services for BlackRock, and have received customary fees and expenses for these services.