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PayPal | 8-K: Entry into an Underwriting Agreement

SEC ·  May 22 04:51

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.
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.

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