---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-24-000019"
form_type: "8-K"
ticker: "EBAY"
cik: "0001065088"
company_name: "EBAY INC"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T17:27:39.109082+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# eBay enters $2.0B new five-year revolver, replaces prior facility

## Summary
- Unsecured $2.0B revolving credit facility, five-year term, replaces prior $2.0B facility.
- No borrowings outstanding at closing; $2.0B available for working capital, capex, acquisitions.
- Accordion feature allows increasing commitments by up to $1.0B.
- Interest margins based on debt ratings: 0.875%-1.375% for Term Benchmark/RFR, 0% ABR, 0.07%-0.175% commitment fee.
- Leverage covenant max 4.0:1.0 (step-up to 4.5:1.0 for qualified material acquisitions).

## SEC filing metadata
- accession: 0001552781-24-000019
- form_type: 8-K
- ticker: EBAY
- cik: 0001065088
- company_name: EBAY INC
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065088/000155278124000019/0001552781-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065088/000155278124000019/e24022_ebay-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000019
- JSON: https://secwatch.observer/filing/0001552781-24-000019.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000019.txt

## Key facts
- Material Agreements
  EBAY INC entered into Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent; certain lenders named therein; Citibank, N.A. and Deutsche Bank Securities Inc., as Syndication Agents; Bank of America, N.A., HSBC Bank USA, National Association and Wells Fargo Bank, National Association, as Documentation Agents; and JPMorgan Cha valued at $2.0 billion five-year revolving credit facility (effective 2024-01-25).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent; certain lenders named therein; Citibank, N.A. and Deutsche Bank Securities Inc., as Syndication Agents; Bank of America, N.A., HSBC Bank USA, National Association and Wells Fargo Bank, National Association, as Documentation Agents; and JPMorgan Cha
  - Value: $2.0 billion five-year revolving credit facility
  - Effective: 2024-01-25
  source text: On January 25, 2024, eBay Inc. (the “Company”), as borrower, entered into a credit agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A., as Administrative Agent; certain lenders named therein; Citibank, N.A. and Deutsche Bank Securities Inc., as Syndication Agents; Bank of America, N.A., HSBC Bank USA, National Association and Wells Fargo Bank, National Association, as Documentation Agents; and JPMorgan Chase Bank, N.A., BofA Securities, Inc., Citibank, N.A., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Joint Bookrunners.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065088/000155278124000019/0001552781-24-000019-index.htm
- Material Agreements
  EBAY INC terminated Prior Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent; the lenders party thereto (effective 2024-01-25).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent; the lenders party thereto
  - Effective: 2024-01-25
  source text: The Credit Agreement replaced the Company’s prior $2.0 billion unsecured revolving Credit Agreement, dated as of March 6, 2020 (as amended, the “Prior Credit Agreement”), among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, which was terminated effective January 25, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065088/000155278124000019/0001552781-24-000019-index.htm

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