secwatch.observer — SEC 8-K summary
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Issuer:     Block, Inc. (XYZ)
CIK:        0001512673
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0001193125-23-164479
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512673/000119312523164479/0001193125-23-164479-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512673/000119312523164479/d496857d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-164479

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