PayPal Holdings 8-K
Debt financing
Three-tranche note issuance adds senior unsecured debt with maturities spanning 2028–2036.
Filed 2026-05-15 16:06 ET
- 8.01 Other Events
- 9.01 Financial Statements and Exhibits
Summary
PayPal issued $2.0B of senior notes on 5/15/2026. The three-tranche offering adds unsecured debt with maturities from 2028 to 2036.
Key Figures
- Principal: $650M of 4.550% notes due 6/1/2028; $850M of 4.950% notes due 6/1/2031; and $500M of 5.550% notes due 6/1/2036.
- Interest is payable semiannually on 6/1 and 12/1, beginning 12/1/2026.
- The notes are unsecured senior obligations, ranking equally with PayPal’s unsecured, unsubordinated debt; they are structurally subordinated to subsidiary liabilities and effectively subordinated to secured debt to the extent of collateral value.
- If a change of control coincides with each of Fitch, S&P and Moody’s downgrading a series below investment grade within the specified period, PayPal must offer to repurchase that series at 101% of principal plus accrued interest.
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