{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-283161","form_type":"8-K","ticker":"PYPL","cik":"0001633917","company_name":"PayPal Holdings, Inc.","filed_at":"2025-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.993173+00:00","generated_at":"2026-05-16T19:51:50.998450+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"PayPal establishes $5B commercial paper program for general corporate purposes","bullets":["Aggregate principal of notes outstanding at any time not to exceed $5.0 billion.","Notes are short-term, unsecured, with maturities up to 397 days from issuance.","Net proceeds used for general corporate purposes; revolving credit facility serves as liquidity backstop.","No notes issued as of November 14, 2025 filing date.","Program exempt from Securities Act registration; sold under Section 4(a)(2)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-283161","json":"https://secwatch.observer/filing/0001193125-25-283161.json","markdown":"https://secwatch.observer/filing/0001193125-25-283161.md","text":"https://secwatch.observer/filing/0001193125-25-283161.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1633917/000119312525283161/0001193125-25-283161-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1633917/000119312525283161/d60784d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T19:51:50.998450+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"}