{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-048492","form_type":"8-K","ticker":"PYPL","cik":"0001633917","company_name":"PayPal Holdings, Inc.","filed_at":"2025-03-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.249599+00:00","generated_at":"2026-05-25T06:07:16.241432+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"PayPal issues $1.5B in senior notes across three tranches","bullets":["Issued $450M floating rate notes due 2028, $450M 4.450% notes due 2028, and $600M 5.100% notes due 2035.","Notes are unsecured senior obligations ranking equally with existing unsecured debt.","Floating rate notes not redeemable; 2028 and 2035 notes redeemable with make-whole premium before certain dates.","Change of control triggering rating downgrade requires repurchase at 101% of principal plus accrued interest.","Indenture includes customary covenants and event of default provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-048492","json":"https://secwatch.observer/filing/0001193125-25-048492.json","markdown":"https://secwatch.observer/filing/0001193125-25-048492.md","text":"https://secwatch.observer/filing/0001193125-25-048492.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1633917/000119312525048492/0001193125-25-048492-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1633917/000119312525048492/d924683d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T06:07:16.241432+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}