Block said it entered into the Eighth Amendment to Revolving Credit Agreement (the Revolver Amendment) with the lenders party thereto and Goldman Sachs Bank USA, as administrative agent, on March 29, 2024.

1. 01

   Block said it entered into the Eighth Amendment to Revolving Credit Agreement (the Revolver Amendment) with the lenders party thereto and Goldman Sachs Bank USA, as administrative agent, on March 29, 2024.

2. 02

   The company said the amendment modifies the Revolving Credit Agreement dated as of May 1, 2020, which has already been amended seven times, from the First Amendment through the Seventh Amendment.

3. 03

   The company explained that the amendment is intended to give Block and its subsidiaries additional flexibility regarding warehouse facilities, securitization facilities, or receivables financings involving accounts receivable or other rights to payment.

4. 04

   The company said it cited the contents of Item 1.01 under Item 2.03 (Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant) and attached the full text of the Eighth Amendment as Exhibit 10.1.

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