{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-135259","form_type":"8-K","ticker":"XYZ","cik":"0001512673","company_name":"Block, Inc.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.754762+00:00","generated_at":"2026-06-02T05:38:22.715564+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Block prices $2.0B of 6.50% senior notes due 2032, upsized from $1.5B","bullets":["Notes mature May 15, 2032; interest at 6.50% payable semi-annually starting Nov 15, 2024.","Offering upsized from previously announced $1.5B; settlement expected May 9, 2024.","Net proceeds for general corporate purposes including debt repayment, acquisitions, capex, working capital.","Block may redeem notes at any time before May 15, 2027 at make-whole premium; change of control puts at 101%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-135259","json":"https://secwatch.observer/filing/0001193125-24-135259.json","markdown":"https://secwatch.observer/filing/0001193125-24-135259.md","text":"https://secwatch.observer/filing/0001193125-24-135259.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1512673/000119312524135259/0001193125-24-135259-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1512673/000119312524135259/d798494d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T05:38:22.715564+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":"3a40fe7a57811a2a0c60683e79cd47fdb200592c","claim":"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.","evidence_excerpt":"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”","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1512673/000119312524135259/0001193125-24-135259-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$2.0 billion in aggregate principal amount"},{"label":"Counterparty","value":"Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC"},{"label":"Rate","value":"6.50% per annum"},{"label":"Maturity","value":"May 15, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1259ee1a6e2861468180d69adabd77797168089e","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1512673/000119312524135259/0001193125-24-135259-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Bank of New York Mellon Trust Company, N.A."},{"label":"Value","value":"6.50% Senior Notes due 2032, $2.0 billion aggregate principal amount"},{"label":"Effective","value":"2024-05-09"}],"fact_type":"material_agreement"},{"claim_id":"c05ddc5ee2ee233d7bc44f8e9d58dcdd2ec96c4a","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1512673/000119312524135259/0001193125-24-135259-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC"},{"label":"Value","value":"$2.0 billion aggregate principal amount of 6.50% Senior Notes due 2032"},{"label":"Effective","value":"2024-05-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}