secwatch.observer — SEC 8-K summary
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Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2025-03-06T23:59:59+00:00
Accession:  0001193125-25-048492
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PayPal issues $1.5B in senior notes across three tranches
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000119312525048492/0001193125-25-048492-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000119312525048492/d924683d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-048492

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