Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Block, Inc. amended credit facility of up to $775 million with Goldman Sachs Bank USA, as administrative agent at Term SOFR plus a margin of between 1.25% and 1.75% or base rate plus margin rang maturing June 9, 2028.
- Instrument
- credit facility
- Principal
- up to $775 million
- Counterparty
- Goldman Sachs Bank USA, as administrative agent
- Rate
- Term SOFR plus a margin of between 1.25% and 1.75% or base rate plus margin rang
- Maturity
- June 9, 2028
- Event
- amendment
Exact text from the filing
million. With the additional revolving loan commitments, the total revolving commitments under the Amended Credit Agreement increased to an aggregate principal amount of up to $775 million. Under the Amended Credit Agreement, the revolving loans bear interest, at Block’s option, at an annual rate based on the forward-looking term rate based on the secured overnight
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Block, Inc. amended Seventh Amendment to Revolving Credit Agreement with Goldman Sachs Bank USA, as administrative agent valued at aggregate principal amount of up to $175 million (effective 2023-06-09).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Goldman Sachs Bank USA, as administrative agent
- Value
- aggregate principal amount of up to $175 million
- Effective
- 2023-06-09
Exact text from the filing
On June 9, 2023, Block, Inc. (formerly known as Square, Inc.) (“Block”) entered into the Seventh Amendment to Revolving Credit Agreement, among Block, the lenders that are party thereto, and Goldman Sachs Bank USA, as administrative agent (the “Revolver Amendment”).
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