secwatch.observer — SEC 8-K summary
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Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2026-05-15T20:06:19+00:00
Accession:  0001193125-26-226653
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000119312526226653/0001193125-26-226653-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000119312526226653/d930458d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-226653

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