---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-164479"
form_type: "8-K"
ticker: "XYZ"
cik: "0001512673"
company_name: "Block, Inc."
filed_at: "2023-06-09T23:59:59+00:00"
generated_at: "2026-06-14T03:47:49.470613+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Block, Inc. increases revolving credit facility to $775M, extends maturity to 2028

## Summary
- Seventh Amendment adds $175M in commitments, raising total revolver to $775M.
- Maturity of revolving loans extended to June 9, 2028 from prior date.
- All $775M remains undrawn; interest rate is Term SOFR plus 1.25%-1.75% or base rate plus 0.25%-0.75%.
- HSBC Bank USA exits as lender; commitments reallocated among remaining and new lenders.

## SEC filing metadata
- accession: 0001193125-23-164479
- form_type: 8-K
- ticker: XYZ
- cik: 0001512673
- company_name: Block, Inc.
- filed_at: 2023-06-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512673/000119312523164479/0001193125-23-164479-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512673/000119312523164479/d496857d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-164479
- JSON: https://secwatch.observer/filing/0001193125-23-164479.json
- Plain text: https://secwatch.observer/filing/0001193125-23-164479.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512673/000119312523164479/0001193125-23-164479-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512673/000119312523164479/0001193125-23-164479-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.