Summary by Futu AI
On May 20, 2024, PayPal Holdings, Inc. announced the entry into an Underwriting Agreement with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC for the issuance and sale of $1.25 billion in senior notes. The notes are divided into two tranches: $850 million at 5.150% due 2034 and $400 million at 5.500% due 2054. The closing of the offering is scheduled for May 28, 2024, subject to the satisfaction of customary closing conditions. This financial move is detailed in the company's Form 8-K filed with the SEC, which includes the Underwriting Agreement as an exhibit.