secwatch.observer — SEC 8-K summary
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Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0001193125-24-148078
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PayPal issues $1.25B in senior notes: 5.150% notes due 2034 and 5.500% notes due 2054
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- Issued $850M of 5.150% notes due June 1, 2034 and $400M of 5.500% notes due June 1, 2054.
- Interest payable semi-annually on June 1 and December 1, starting December 1, 2024.
- Notes are unsecured senior obligations, ranking equally with existing unsecured debt.
- Change-of-control + rating downgrade triggers 101% repurchase offer requirement.
- Proceeds not specified; notes issued under existing shelf registration (S-3).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000119312524148078/0001193125-24-148078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000119312524148078/d733562d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-148078

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