Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Block, Inc. incurred senior notes of $2.0 billion in aggregate principal amount with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC at 6.50% per annum maturing May 15, 2032.
- Instrument
- senior notes
- Principal
- $2.0 billion in aggregate principal amount
- Counterparty
- Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
- Rate
- 6.50% per annum
- Maturity
- May 15, 2032
- Event
- incurrence
Exact text from the filing
Morgan Stanley & Co. LLC, as representatives of the several initial purchasers listed in Schedule I therein (the “Initial Purchasers”), relating to the sale by the Company of $2.0 billion in aggregate principal amount of its 6.50% Senior Notes due 2032 (the “Notes”) in private placements to persons reasonably believed to be “qualified institutional buyers”
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Block, Inc. entered into Indenture with Bank of New York Mellon Trust Company, N.A. valued at 6.50% Senior Notes due 2032, $2.0 billion aggregate principal amount (effective 2024-05-09).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Bank of New York Mellon Trust Company, N.A.
- Value
- 6.50% Senior Notes due 2032, $2.0 billion aggregate principal amount
- Effective
- 2024-05-09
Exact text from the filing
On May 9, 2024, the Company entered into an indenture relating to the issuance of the Notes (the “Indenture”), by and between the Company and the Bank of New York Mellon Trust Company, N.A. (the “Trustee”), as trustee of the Notes.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Block, Inc. entered into Purchase Agreement with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC valued at $2.0 billion aggregate principal amount of 6.50% Senior Notes due 2032 (effective 2024-05-06).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
- Value
- $2.0 billion aggregate principal amount of 6.50% Senior Notes due 2032
- Effective
- 2024-05-06
Exact text from the filing
On May 6, 2024, Block, Inc. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as representatives of the several initial purchasers listed in Schedule I therein (the “Initial Purchasers”), relating to the sale by the Company of $2.0 billion in aggregate principal amount of its 6.50% Senior Notes due 2032 (the “Notes”) in private placements to persons reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act.
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