---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-226653"
form_type: "8-K"
ticker: "PYPL"
cik: "0001633917"
company_name: "PayPal Holdings, Inc."
filed_at: "2026-05-15T20:06:19+00:00"
generated_at: "2026-05-15T20:12:34.827709+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-226653
- form_type: 8-K
- ticker: PYPL
- cik: 0001633917
- company_name: PayPal Holdings, Inc.
- filed_at: 2026-05-15T20:06:19+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633917/000119312526226653/0001193125-26-226653-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633917/000119312526226653/d930458d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-226653
- JSON: https://secwatch.observer/filing/0001193125-26-226653.json
- Plain text: https://secwatch.observer/filing/0001193125-26-226653.txt

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