PayPal issues $2.0B senior notes in three tranches with maturities 2028-2036

PayPal Holdings, Inc.

Issued $650M of 4.550% notes due 2028, $850M of 4.950% notes due 2031, and $500M of 5.550% notes due 2036.
Notes are unsecured senior obligations, rank equally with existing unsecured debt, structurally subordinated to subsidiary liabilities.
Change-of-control put provision at 101% of principal if both change of control and rating downgrade below investment grade occur.
Interest payable semi-annually on June 1 and December 1, starting December 1, 2026.
Issued under existing S-3 shelf registration; no specific use of proceeds disclosed.

item 8.01item 9.01

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