secwatch.observer — SEC 8-K summary
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Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0001193125-23-163898
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PayPal issues ¥90B in three-tranche senior notes due 2025-2028
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- Issued ¥90.0B aggregate principal: ¥30B 0.813% notes due 2025, ¥23B 0.972% notes due 2026, ¥37B 1.240% notes due 2028.
- Notes are unsecured senior obligations, ranking equally with all existing and future unsubordinated debt.
- Interest payable semi-annually on June 9 and December 9, beginning December 9, 2023.
- Company may redeem each series in whole at any time if certain U.S. tax events occur.
- Change-of-control trigger with rating downgrade requires repurchase at 101% of principal plus accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000119312523163898/0001193125-23-163898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000119312523163898/d495603d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-163898

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer