{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-165556","form_type":"8-K","ticker":"PYPL","cik":"0001633917","company_name":"PayPal Holdings, Inc.","filed_at":"2023-06-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.751694+00:00","generated_at":"2026-06-14T02:05:53.948083+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"PayPal enters $5B five-year revolving credit facility, replaces prior $5B facility","bullets":["$5.0B unsecured revolving credit facility with five-year term maturing June 7, 2028.","Replaces $5.0B revolving facility dated Sept 11, 2019, terminated concurrently.","Includes $150M letter of credit sub-facility and $600M swingline sub-facility.","Available in USD, EUR, GBP, AUD; interest margins based on credit ratings (0.75%-1.25%).","Proceeds for working capital, capital expenditures, acquisitions; Parent Borrower guarantees."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-165556","json":"https://secwatch.observer/filing/0001193125-23-165556.json","markdown":"https://secwatch.observer/filing/0001193125-23-165556.md","text":"https://secwatch.observer/filing/0001193125-23-165556.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1633917/000119312523165556/0001193125-23-165556-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1633917/000119312523165556/d444307d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T02:05:53.948083+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2824bfb685be0dce4e2c11c0f05fb1ed5ebb9be1","claim":"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.","evidence_excerpt":"The Credit Agreement provides for an unsecured $5.0 billion five-year revolving credit facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1633917/000119312523165556/0001193125-23-165556-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$5.0 billion five-year revolving credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. and J.P. Morgan Securities Australia Limited, as the Administrative Agents"},{"label":"Rate","value":"term benchmark rate plus a margin ranging from 0.750 percent to 1.250 percent"},{"label":"Maturity","value":"June 7, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"8eb98ab89f16e1370ca9fa53bd7508cc1688ab8f","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1633917/000119312523165556/0001193125-23-165556-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"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"},{"label":"Effective","value":"2023-06-07"}],"fact_type":"material_agreement"},{"claim_id":"bf3930ea3268f21705671e8a479a2725724cd94b","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1633917/000119312523165556/0001193125-23-165556-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. and J.P. Morgan Securities Australia Limited, as the Administrative Agents, and the lenders party thereto"},{"label":"Value","value":"$5.0 billion"},{"label":"Effective","value":"2023-06-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}