secwatch.observer — SEC 8-K summary
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Issuer:     Block, Inc. (XYZ)
CIK:        0001512673
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001193125-24-135259
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512673/000119312524135259/0001193125-24-135259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512673/000119312524135259/d798494d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-135259

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer