Block, Inc. (XYZ): debt financing — Block prices $2.2B senior notes offering, upsized from $1.5B, with two tranches at 5.625% and 6.000%

Block, Inc.

$1.2B of 5.625% notes due 2030 and $1.0B of 6.000% notes due 2033; total $2.2B up from $1.5B.
Net proceeds for general corporate purposes: debt repayment, acquisitions, capex, working capital.
Notes unregistered, sold in private placement under Rule 144A/Reg S.
First interest Feb 15, 2026; maturities Aug 15, 2030 and Aug 15, 2033.
Redeemable at make-whole premium before certain dates, then at specified prices plus accrued.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Block, Inc. incurred senior notes of $1.2 billion aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 5.625% maturing August 15, 2030.

Instrument: senior notes
Principal: $1.2 billion aggregate principal amount
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 5.625%
Maturity: August 15, 2030
Event: incurrence

Exact text from the filing

with Goldman Sachs & Co. LLC, as representative of the several initial purchasers listed in Schedule I therein (the “Initial Purchasers”), relating to the sale by the Company of $1.2 billion aggregate principal amount of its 5.625% Senior Notes due 2030 (the “2030 Notes”), and $1.0 billion in aggregate principal amount of its 6.000% Senior Notes due 2033 (the “2033

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Block, Inc. incurred senior notes of $1.0 billion in aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 6.000% maturing August 15, 2033.

Instrument: senior notes
Principal: $1.0 billion in aggregate principal amount
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 6.000%
Maturity: August 15, 2033
Event: incurrence

Exact text from the filing

I therein (the “Initial Purchasers”), relating to the sale by the Company of $1.2 billion aggregate principal amount of its 5.625% Senior Notes due 2030 (the “2030 Notes”), and $1.0 billion in aggregate principal amount of its 6.000% Senior Notes due 2033 (the “2033 Notes” and, together with the 2030 Notes, the “Notes”) in private placements to persons reasonably

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Block, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-182661

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