Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PayPal Holdings, Inc. incurred revolving credit of $5.0 billion five-year revolving credit facility with JPMorgan Chase Bank, N.A. and J.P. Morgan Securities Australia Limited, as the Administrative Agents at term benchmark rate plus a margin ranging from 0.750 percent to 1.250 percent maturing June 7, 2028.
- Instrument
- revolving credit
- Principal
- $5.0 billion five-year revolving credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. and J.P. Morgan Securities Australia Limited, as the Administrative Agents
- Rate
- term benchmark rate plus a margin ranging from 0.750 percent to 1.250 percent
- Maturity
- June 7, 2028
- Event
- incurrence
Exact text from the filing
The Credit Agreement provides for an unsecured $5.0 billion five-year revolving credit facility
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PayPal Holdings, Inc. terminated Credit Agreement, dated as of September 11, 2019 with the lenders party thereto, JPMorgan Chase Bank, N.A., J.P. Morgan Securities Australia Limited, JPMorgan Chase Bank, N.A., Toronto Branch, and J.P. Morgan Europe Limited, as the administrative agents (effective 2023-06-07).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- the lenders party thereto, JPMorgan Chase Bank, N.A., J.P. Morgan Securities Australia Limited, JPMorgan Chase Bank, N.A., Toronto Branch, and J.P. Morgan Europe Limited, as the administrative agents
- Effective
- 2023-06-07
Exact text from the filing
On June 7, 2023, the Company terminated the revolving facility pursuant to that certain Credit Agreement, dated as of September 11, 2019, among the Company, the lenders party thereto, JPMorgan Chase Bank, N.A., J.P. Morgan Securities Australia Limited, JPMorgan Chase Bank, N.A., Toronto Branch, and J.P. Morgan Europe Limited, as the administrative agents, and the other parties thereto.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PayPal Holdings, Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A. and J.P. Morgan Securities Australia Limited, as the Administrative Agents, and the lenders party thereto valued at $5.0 billion (effective 2023-06-07).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. and J.P. Morgan Securities Australia Limited, as the Administrative Agents, and the lenders party thereto
- Value
- $5.0 billion
- Effective
- 2023-06-07
Exact text from the filing
On June 7, 2023, PayPal Holdings, Inc., as parent borrower (the “ Company ”), entered into a credit agreement (the “ Credit Agreement ”) with PayPal Australia Pty Limited (the “ Australian Borrower ”), PayPal (Europe) S.à r.l. et Cie, S.C.A. (the “ Luxembourg Borrower ” and, together with the Australian Borrower, the “ Foreign Borrowers ”), JPMorgan Chase Bank, N.A. and J.P. Morgan Securities Australia Limited, as the Administrative Agents, and the lenders party thereto.
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