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Rating:Barclays to Back BlackRock's Deal with $1.2 Billion in Financing Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 17, 2009

Barclays to Back BlackRock's Deal with $1.2 Billion in Financing

by: Armie Margaret Lee

Barclays Capital will provide $1.2 billion in financing for BlackRock's $13.5 billion deal to acquire Barclays Global Investors, the Wall Street Journal reported Wednesday.

When BlackRock unveiled the purchase Thursday last week, it said that a group of banks, including Barclays, Citi and Credit Suisse, will provide the company with a new 364-day revolving credit facility of up to $2.0 billion (see The MFWire, 06/11/09). 

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