{"id":1971,"date":"2021-04-07T13:47:50","date_gmt":"2021-04-07T17:47:50","guid":{"rendered":"https:\/\/seci.wpenginepowered.com\/?p=1971"},"modified":"2021-04-07T13:47:50","modified_gmt":"2021-04-07T17:47:50","slug":"esg-and-lending-tied-together-in-real-life","status":"publish","type":"post","link":"https:\/\/seciblog.pli.edu\/index.php\/esg-and-lending-tied-together-in-real-life\/","title":{"rendered":"ESG and Lending Tied Together in Real Life"},"content":{"rendered":"<p>On April 6, 2021, <a href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0001364742\/000119312521107747\/d113222d8k.htm\">BlackRock filed an Item 2.03 Form 8-K<\/a> disclosing a new credit agreement.\u00a0 Generally, this is not a particularly newsworthy event.\u00a0 This agreement though, while increasing the company\u2019s revolving credit line by $400,000,000 to $4,400,000,000, also includes provisions linking the interest rate and commitment fee to various ESG factors.<\/p>\n<p>BlackRock\u2019s lending costs can increase or decrease depending on how well it meets or fails to meet targets related to:<\/p>\n<ul>\n<li>Black, African American, Hispanic and Latino Employment Rate,<\/li>\n<li>Female Leadership Rate, and<\/li>\n<li>Sustainable Investing AUM (Assets Under Management) Amount.<\/li>\n<\/ul>\n<p>You can find the details of the ESG adjustments in the <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001364742\/000119312521107747\/d113222dex101.htm\">amendment to the credit agreement filed as an exhibit to the Form 8-K<\/a>.<\/p>\n<p>You can read more about BlackRock\u2019s ESG perspectives in this <a href=\"https:\/\/www.blackrock.com\/us\/individual\/2021-larry-fink-ceo-letter?gclid=Cj0KCQjwsLWDBhCmARIsAPSL3_1a9sLkU2K-R8TR539nj2nq5loqC6aPpJ2uyFQLxdDsvOMP9Zu-D6waAlGJEALw_wcB&amp;gclsrc=aw.ds\">Letter to CEOs<\/a> from BlackRock Chairman and CEO, Larry Fink.<\/p>\n<p>This new lending arrangement puts ESG even more squarely in the spotlight for BlackRock.<\/p>\n<p>As always, your thoughts and comments are welcome.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 6, 2021, BlackRock filed an Item 2.03 Form 8-K disclosing a new credit agreement.\u00a0 Generally, this is not a particularly newsworthy event.\u00a0 This agreement though, while increasing the company\u2019s revolving credit line by $400,000,000 to $4,400,000,000, also includes provisions linking the interest rate and commitment fee to various ESG factors. BlackRock\u2019s lending costs &hellip; <a href=\"https:\/\/seciblog.pli.edu\/index.php\/esg-and-lending-tied-together-in-real-life\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">ESG and Lending Tied Together in Real Life<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[143,242],"tags":[],"coauthors":[154],"class_list":["post-1971","post","type-post","status-publish","format-standard","hentry","category-hot-topic","category-reporting"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1971"}],"version-history":[{"count":0,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1971\/revisions"}],"wp:attachment":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1971"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/coauthors?post=1971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}