UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events |
On May 20, 2024, PayPal Holdings, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as the representatives of the several underwriters named on Schedule 1 thereto, with respect to the Company’s issuance and sale of $1.25 billion aggregate principal amount of senior notes, consisting of $850 million aggregate principal amount of 5.150% notes due 2034 and $400 million aggregate principal amount of 5.500% notes due 2054. The offering is expected to close on May 28, 2024, subject to customary closing conditions.
The above description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the Underwriting Agreement, attached as Exhibit 1.1 hereto, and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
| Exhibit Number |
Exhibit Title or Description | |
| 1.1 | Underwriting Agreement, dated as of May 20, 2024, by and among the Company and BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as the representatives of the several underwriters named on Schedule 1 thereto | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE(S)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PayPal Holdings, Inc. (Registrant) | ||||||
| Date: May 21, 2024 | By: | /s/ Brian Y. Yamasaki | ||||
| Name: Brian Y. Yamasaki | ||||||
| Title: Vice President, Corporate Legal and Secretary | ||||||