---
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"
generated_at: "2026-05-16T19:51:50.998450+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PayPal establishes $5B commercial paper program for general corporate purposes

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-283161
- JSON: https://secwatch.observer/filing/0001193125-25-283161.json
- Plain text: https://secwatch.observer/filing/0001193125-25-283161.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.