UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events |
On June 2, 2023 (Tokyo Time), PayPal Holdings, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Mizuho Securities USA LLC, Morgan Stanley & Co. International plc and SMBC Nikko Securities America, Inc., as the representatives of the several underwriters named on Schedule 1 thereto, with respect to the Company’s issuance and sale of ¥90.0 billion aggregate principal amount of senior notes, consisting of ¥30.0 billion aggregate principal amount of 0.813% notes due 2025, ¥23.0 billion aggregate principal amount of 0.972% notes due 2026 and ¥37.0 billion aggregate principal amount of 1.240% notes due 2028. The offering is expected to close on June 9, 2023 (Tokyo Time), 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 June 2, 2023, by and among the Company and Mizuho Securities USA LLC, Morgan Stanley & Co. International plc and SMBC Nikko Securities America, Inc., 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: June 2, 2023. | By: | |||
| /s/ Brian Y. Yamasaki | ||||
| Name: | Brian Y. Yamasaki | |||
| Title: | Vice President, Corporate Legal and Secretary | |||