---
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"
generated_at: "2026-06-02T05:38:22.715564+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Block prices $2.0B of 6.50% senior notes due 2032, upsized from $1.5B

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-135259
- JSON: https://secwatch.observer/filing/0001193125-24-135259.json
- Plain text: https://secwatch.observer/filing/0001193125-24-135259.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1512673/000119312524135259/0001193125-24-135259-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1512673/000119312524135259/0001193125-24-135259-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1512673/000119312524135259/0001193125-24-135259-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.