secwatch.observer — SEC 8-K summary
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Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0001193125-23-165556
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PayPal enters $5B five-year revolving credit facility, replaces prior $5B facility
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000119312523165556/0001193125-23-165556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000119312523165556/d444307d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-165556

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