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PayPal | 8-K: Paypal Issued and Sold $1.25 Billion Aggregate Principal Amount of Senior Notes

PayPal | 8-K: Paypal Issued and Sold $1.25 Billion Aggregate Principal Amount of Senior Notes

PayPal | 8-K：PayPal发售本金总额12.5亿美元的优先票据
美股SEC公告 ·  05/29 04:08

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On May 28, 2024, PayPal Holdings, Inc. completed a significant financial transaction by issuing $1.25 billion in senior notes. The offering included two sets of notes: $850 million of 5.150% notes due in 2034 and $400 million of 5.500% notes due in 2054. These notes were issued under an indenture agreement with Computershare Trust Company, N.A., which was established on September 26, 2019. The notes are unsecured senior obligations and rank equally with PayPal's other unsecured and unsubordinated debt. They are structurally subordinated to the liabilities of PayPal's subsidiaries and effectively subordinated to any secured debt. PayPal has the option to redeem the notes at any time, in whole or in part, with specific terms for redemption prices and make-whole premiums. The indenture also contains covenants limiting PayPal's ability to create liens and enter into certain transactions, as well as provisions for mandatory repurchase in the event of a change of control accompanied by a downgrade in credit rating. The first interest payment is scheduled for December 1, 2024.
On May 28, 2024, PayPal Holdings, Inc. completed a significant financial transaction by issuing $1.25 billion in senior notes. The offering included two sets of notes: $850 million of 5.150% notes due in 2034 and $400 million of 5.500% notes due in 2054. These notes were issued under an indenture agreement with Computershare Trust Company, N.A., which was established on September 26, 2019. The notes are unsecured senior obligations and rank equally with PayPal's other unsecured and unsubordinated debt. They are structurally subordinated to the liabilities of PayPal's subsidiaries and effectively subordinated to any secured debt. PayPal has the option to redeem the notes at any time, in whole or in part, with specific terms for redemption prices and make-whole premiums. The indenture also contains covenants limiting PayPal's ability to create liens and enter into certain transactions, as well as provisions for mandatory repurchase in the event of a change of control accompanied by a downgrade in credit rating. The first interest payment is scheduled for December 1, 2024.
2024年5月28日，PayPal Holdings, Inc.发行了12.5亿美元的优先票据，完成了一笔重大金融交易。此次发行包括两套票据：8.5亿美元将于2034年到期的5.150％票据和4亿美元的2054年到期的5.500％票据。这些票据是根据与北卡罗来纳州Computershare信托公司签订的契约协议发行的，该公司成立于2019年9月26日。这些票据是无抵押的优先债券，与PayPal的其他无抵押和非次级债务排名相同。它们在结构上从属于PayPal子公司的负债，实际上从属于任何有担保债务。PayPal可以选择随时全部或部分兑换票据，并附有兑换价格和整体保费的具体条款。该契约还包含限制PayPal设立留置权和进行某些交易的能力的契约，以及在控制权变更伴随信用评级下调的情况下强制回购的规定。第一笔利息定于2024年12月1日支付。
2024年5月28日，PayPal Holdings, Inc.发行了12.5亿美元的优先票据，完成了一笔重大金融交易。此次发行包括两套票据：8.5亿美元将于2034年到期的5.150％票据和4亿美元的2054年到期的5.500％票据。这些票据是根据与北卡罗来纳州Computershare信托公司签订的契约协议发行的，该公司成立于2019年9月26日。这些票据是无抵押的优先债券，与PayPal的其他无抵押和非次级债务排名相同。它们在结构上从属于PayPal子公司的负债，实际上从属于任何有担保债务。PayPal可以选择随时全部或部分兑换票据，并附有兑换价格和整体保费的具体条款。该契约还包含限制PayPal设立留置权和进行某些交易的能力的契约，以及在控制权变更伴随信用评级下调的情况下强制回购的规定。第一笔利息定于2024年12月1日支付。
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