PayPal entered into an underwriting agreement on May 20, 2024 with BofA Securities, Deutsche Bank Securities, Goldman Sachs & Co. and J.P. Morgan Securities, as representatives of the underwriters, for the sale of senior notes totaling $1.25 billion.

8-KOther EventsFiled May 21, 2024Period of report May 20, 2024Summary published (UTC) Oct 26, 2026

Key points

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PayPal entered into an underwriting agreement on May 20, 2024 with BofA Securities, Deutsche Bank Securities, Goldman Sachs & Co. and J.P. Morgan Securities, as representatives of the underwriters, for the sale of senior notes totaling $1.25 billion.
The company said it will issue $850 million of the senior notes as notes bearing interest at 5.150% and maturing in 2034.
The company said it will issue $400 million of the senior notes as notes bearing interest at 5.500% and maturing in 2054.
It said the offering is expected to close on May 28, 2024, subject to customary closing conditions.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

$1.25 billion Senior Notes Underwriting Agreement

PayPal entered into an underwriting agreement on May 20, 2024 with BofA Securities, Deutsche Bank Securities, Goldman Sachs & Co. and J.P. Morgan Securities, as representatives of the underwriters, for the sale of senior notes totaling $1.25 billion.

Source · Based on the filing body and exhibits

5.150% Notes Due 2034 $850 million

The company said it will issue $850 million of the senior notes as notes bearing interest at 5.150% and maturing in 2034.

Source · Based on the filing body and exhibits

5.500% Notes Due 2054 $400 million

The company said it will issue $400 million of the senior notes as notes bearing interest at 5.500% and maturing in 2054.

Source · Based on the filing body and exhibits

Offering Expected to Close on May 28, 2024

It said the offering is expected to close on May 28, 2024, subject to customary closing conditions.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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